-Industrial Services of America (Nasdaq: IDSA) announced updated financial guidance for the second quarter ending June 30, 2010.
For the second quarter ending June 30, 2010, ISA expects earnings to be in the range of $.33 to $.38 per basic and diluted share on revenues in the range of $91 - $95 million. That compares with second quarter 2009 earnings of $.17 per share (split-adjusted) on revenues of $39.1 million. Sales guidance for the quarter ending June 30, 2010 will exceed the high end of our previous guidance. This was due to a stronger than expected final week of the quarter.
Harry Kletter, CEO and founder of ISA states, "We have been very successful in our business expansion during the past two years and we will continue to look for new opportunities. While some economic indicators are suggesting a moderate slowdown in the economic recovery, we believe that the long term prognosis is still very promising."
The recently announced specialty alloys division is now fully operational in its 150,000-square foot building which is on adjoining property to the stainless and non-ferrous operations.
Headquartered in Louisville, Kentucky, Industrial Services of America, Inc., is a publicly traded company whose core business is buying, processing and marketing scrap metals and recyclable materials for domestic users and export markets. Additionally, ISA offers commercial, industrial and business customers a variety of programs and equipment to efficiently manage waste.
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