Bankruptcy Of Vendor Affects IMCO's Earnings

Date: October 19, 2004

Source: News Room

IMCO Recycling Inc. (NYSE: IMR) expects to report a net loss of about $.02 to $.03 per common diluted share for the third quarter of 2004, primarily because of the Sept. 30 bankruptcy filing by vendor Intermet Corporation. The bankruptcy will prevent IMCO from recognizing $3.2 million in revenues for the third quarter, which equates to about $0.11 per share. IMCO is seeking recovery of the funds through the bankruptcy process. IMCO's preliminary revenues for the third quarter of 2004 were about $283 million, a ten percent increase over the same quarter last year.
More information: www.imcorecycling.com.

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