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Last $0.38 USD
Change Today -0.02 / -5.00%
Volume 168.2K
MEA On Other Exchanges
Symbol
Exchange
MEA is not on other exchanges.
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

metalico inc (MEA) Snapshot

Open
$0.40
Previous Close
$0.40
Day High
$0.40
Day Low
$0.37
52 Week High
07/15/14 - $1.67
52 Week Low
01/12/15 - $0.26
Market Cap
28.0M
Average Volume 10 Days
231.1K
EPS TTM
$-0.19
Shares Outstanding
73.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for METALICO INC (MEA)

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metalico inc (MEA) Details

Metalico, Inc., together with its subsidiaries, engages in scrap metal recycling business. The company collects and processes ferrous and non-ferrous metals; and collects and processes industrial and obsolete scrap metal into reusable forms, and supplies recycled metals to consumers, including electric arc furnace mills, integrated steel mills, foundries, secondary smelters, aluminum recyclers, and metal brokers. It also acquires and sells unprocessed scrap metals to consumers in the United States and Canada, as well as to exporters and international brokers. The company’s ferrous products primarily include sheared, bundled, and shredded scrap metal; and other scrap metal, such as plate and structural, turnings, busheling, and broken cast iron. In addition, it sorts, processes, and packages non-ferrous metals, which include aluminum, copper, stainless steel, brass, nickel-based alloys, and high-temperature alloys; and recycles platinum group metals, platinum, palladium, and rhodium from substrate material retrieved from catalytic converters. Further, the company recycles minor metals, such as molybdenum, tungsten, tantalum, niobium, rhenium, and chrome. Metalico, Inc. was founded in 1997 and is headquartered in Cranford, New Jersey.

metalico inc (MEA) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $427.4K
Founder, Chief Operating Officer, Executive V...
Total Annual Compensation: $293.1K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $195.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $274.8K
Senior Vice President, Director of Risk Manag...
Total Annual Compensation: $195.4K
Compensation as of Fiscal Year 2014.

metalico inc (MEA) Key Developments

Metalico Inc. Reports Unaudited Earnings Results for Fourth Quarter and Year Ended December 31, 2014

Metalico Inc. reported unaudited earnings results for fourth quarter and year ended December 31, 2014. For the quarter, the company’s revenue was $103,047,000 against $108,920,000 a year ago. Operating loss was $15,717,000 against $2,096,000 a year ago. Loss from continuing operations before income tax was $33,481,000 against $4,856,000 a year ago. Loss from continuing operations was $34,060,000 against $4,535,000 a year ago. Net loss attributable to Metalico Inc. was $33,862,000 against $3,253,000 a year ago. Basic and diluted loss from continuing operations was $0.58 against $0.09 a year ago. Basic and diluted net loss was $0.59 against $0.07 a year ago. EBITDA was $1,385,000 against $3,650,000 a year ago. Adjusted net loss was $5,986,000 or $0.10 per share against $4,332,000 or $0.09 a year ago. The company’s fourth quarter results were impacted by lower ferrous and non-ferrous volumes and lower average commodity selling prices. Tough competition for scrap metal on the sourcing side constrained metal margins throughout the year, particularly for ferrous grades. Non-ferrous metal product margins for the year decreased modestly, which helped offset the declining margins in ferrous scrap grades. For the year, the company’s revenue was $476,037,000 against $457,184,000 a year ago. Operating loss was $14,704,000 against $44,471,000 a year ago. Loss from continuing operations before income tax was $40,082,000 against $53,270,000 a year ago. Loss from continuing operations was $41,241,000 against $38,429,000 a year ago. Net loss attributable to Metalico Inc. was $44,385,000 against $34,816,000 a year ago. Basic and diluted loss from continuing operations was $0.80 against $0.80 a year ago. Basic and diluted net loss was $0.88 against $0.73 a year ago. EBITDA was $18,817,000 against $18,362,000 a year ago. Adjusted net loss was $12,744,000 or $0.25 per share against $9,297,000 or $0.19 a year ago. Adjusted operating loss was $3.5 million compared to adjusted operating loss of $5.7 million. Cash flow from continuing operations of $13.0 million, compared to $17.0 million. During 2014, Metalico invested $9.7 million in capital expenditures, compared to $9.4 million in 2013.

Metalico Inc. announced delayed annual 10-K filing

On 03/27/2015, Metalico Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Metalico Inc. Announces Delay of Earnings Release

Metalico Inc. has delayed its earnings conference call for the year and quarter ended December 31, 2014, originally scheduled for March 13, to a date to be determined. The Company and its auditors are finalizing Metalico's 2014 review. Metalico intends to announce a new date for the call in the near future but in any event before it files its Annual Report on Form 10-K with the Securities and Exchange Commission. Metalico will also release its results for 2014 and the fourth quarter on the morning of its earnings call.

 

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