Businessweek

Horsehead Holding Corp. reported un-audited consolidated earnings and operating results for the first quarter ended March 31, 2013. For the quarter, the company reported net income of $2.8 million, or $0.06 per diluted share compared to net loss of $8.5 million, or $0.19 per diluted share, for the first quarter of 2012. Adjusted net earnings for the quarter were $2.3 million or $0.05 per share compared to adjusted earnings of $0.05 per share for the first quarter of 2012 and adjusted earnings of $0.02 for the fourth quarter of 2012. Adjusted EBITDA was $12.4 million compared to $11.2 million for the same quarter last year, reflecting primarily the effect of higher sales price premiums. Cash used by operating activities was $0.7 million for the quarter ended March 31, 2013 as inventories increased $8.2 million during the quarter. Capital spending was $64.9 million for the quarter. The company reported income from operations of $5.3 million compared to loss from operations of $14.0 million and income before taxes of $4.7 million compared to loss before taxes of $15.1 million for the last year. The company reported zinc production of 40,901 tons compared to 44,977 tons, Zinc product shipments of 42,772 tons compared to 50,273 tons, Zinc contained of 38,310 tons compared to 45,186, EAF dust receipts of 156,647 tons compared to 165,943 and Nickel remelt alloy shipments of 6,858 tons compared to 7,194 for the last year.

Horsehead Holding Corp. announced that they will report Q1, 2013 results at 9:00 AM, Eastern Standard Time on May 06, 2013

Horsehead Holding Corp., Q1 2013 Earnings Call, May 06, 2013

Horsehead Holding Corp. Presents at FBR Energy & Industrials One-on-One Series, May-13-2013 . Venue: Four Seasons Hotel Boston, 200 Boylston Street, Boston, MA 02116, United States.

Horsehead Holding Corp. reported unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported consolidated net loss of $11.2 million, or $0.25 per diluted share, for the fourth quarter of 2012, compared to a consolidated net loss for the fourth quarter of 2011 of $12.7 million, or $0.29 per diluted share. Consolidated net earnings, excluding non-cash charges associated with hedges, impairment charges and bargain purchase gains, were $0.9 million for the fourth quarter of 2012, or $0.02 per diluted share, compared to a net loss of $4.4 million, or $0.10 per diluted share, for the fourth quarter of 2011. The reported results continue to be impacted by lower zinc prices and asset write-off charges associated with the impending closure of the Monaca facility and the cost of hedge protection related to new zinc plant project in North Carolina, the underlying operating performance of businesses continued to improve in the fourth quarter of 2012. Earnings adjusted for non-cash charges increased $5.3 million, or $0.12 per share, compared with the prior year's quarter. Net sales were $106,441,000 against $100,335,000 for the same period of last year. Loss from operations was $17,575,000 against $26,464,000 for the same period of last year. Loss before taxes was $16,979,000 against $22,000,000 for the same period of last year. Adjusted EBITDA was $10,926,000 against loss of $308,000 for the same period of last year. Cash flow from operating activities was approximately $26 million. Capital spending was $78 million. For the year, the company reported net sales of $435,666,000 against $451,180,000 for the same period of last year. Loss from operations was $43,966,000 against income of $28,812,000 for the same period of last year. Loss before taxes was $47,355,000 against income of $32,356,000 for the same period of last year. Net loss was $30,427,000 against income of $21,454,000 for the same period of last year. Loss per diluted share was $0.69 against income of $0.49 for the same period of last year. Adjusted EBITDA was $40,651,000 against $63,347,000 for the same period of last year. Cash flow from operating activities was approximately $64 million. Capital spending was $185 million. For the quarter, the company announced impairment of assets of Monaca of $15,966,000 against $9,797,000 for the same period of last year. The company expects about 5% to 10% increase in production for the year in 2013 over 2012.