Last $15.66 USD
Change Today +0.49 / 3.23%
Volume 319.4K
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

horsehead holding corp (ZINC) Key Developments

Horsehead Holding Corp. Reports Unaudited Consolidated Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2014

Horsehead Holding Corp. reported unaudited consolidated earnings and production results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of $110,978,000 compared to $109,591,000 for the same period last year. Loss from operations was $9,421,000 compared to $5,630,000 for the same period last year. Loss before taxes was $14,245,000 compared to $5,699,000 for the same period last year. Net loss was $7,010,000 or $0.14 diluted per share compared to net loss of $3,515,000 or $0.08 diluted per share for the same period last year. Adjusted EBITDA was $1,654,000 compared to $3,491,000 for the same period last year. Cash used in operating activities was $5.1 million for the quarter ended September 30, 2014. Capital spending was $23.6 million for the quarter. Adjusted net loss increased to $7.5 million, or $0.15 per diluted share, from $2.7 million, or $0.06 per diluted share in 2013. For the nine months, the company reported net sales of $347,307,000 compared to $338,309,000 for the same period last year. Loss from operations was $14,260,000 compared to $2,890,000 for the same period last year. Loss before taxes was $19,851,000 compared to $2,607,000 for the same period last year. Net loss was $11,401,000 or $0.23 diluted per share compared to net loss of $1,515,000 or $0.03 diluted per share for the same period last year. Adjusted EBITDA was $13,017,000 compared to $22,457,000 for the same period last year. For the quarter, the company reported zinc production of 17,435 tons compared to 37,986 tons for the same period last year. Zinc product shipments were 24,053 tons compared to 43,732 tons for the same period last year. Zinc contained was 20,800 tons compared to 39,883 tons for the same period last year. For the nine months, the company reported zinc production of 73,620 tons compared to 118,123 tons for the same period last year. Zinc product shipments were 101,426 tons compared to 129,382 tons for the same period last year. Zinc contained was 91,050 tons compared to 116,728 tons for the same period last year.

Horsehead Holding Corp. to Report Q3, 2014 Results on Nov 10, 2014

Horsehead Holding Corp. announced that they will report Q3, 2014 results at 9:00 AM, Eastern Standard Time on Nov 10, 2014

Horsehead Holding Corp., Q3 2014 Earnings Call, Nov 10, 2014

Horsehead Holding Corp., Q3 2014 Earnings Call, Nov 10, 2014

Horsehead Holding Corp. Reports Production Results for the Third Quarter of 2014

Horsehead Holding Corp. issued an update on operations at its Mooresboro, North Carolina zinc production facility. The company reported that the facility produced approximately 4,300 tons of zinc metal in the third quarter of 2014, compared to 3,400 tons in the second quarter, as the previously announced temporary outage at the beginning of the third quarter limited production during the first half of the quarter.

Horsehead Holding Corp. Enters into the Fifth Amendment to the Revolving Credit and Security Agreement

On September 22, 2014, the Horsehead Holding Corp. entered into the Fifth Amendment to the Revolving Credit and Security Agreement, by and among Horsehead Corporation, Horsehead Metal Products Inc. and Horsehead Zinc Powders, LLC, the company, as guarantor, Chestnut Ridge Railroad Corp., as guarantor, the financial institutions party thereto and PNC Bank, National Association, as agent for the lenders. The Fifth Amendment amended certain provisions of the Credit Agreement including the definition of eligible receivables with respect to a certain customer for a stated time period.

 

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