Date: April 24, 2006
Source: Business Wire
Industrial Services of America, Inc. (NASDAQ: IDSA):
Net income of $416,526
EPS of $0.12 per diluted share
Industrial Services of America, Inc. (NASDAQ: IDSA), a leading provider of logistics management services, equipment and processes for waste, recyclable commodities and other materials, announced preliminary un-audited financial results for the first quarter ending March 31, 2006.
Financial Highlights:
Total revenues for the first quarter of 2006 were $14.5 million compared with total revenues for the first quarter year of 2005 of $29.7 million due to the reduction in management fee revenues.
Income before income taxes for the first quarter of 2006 was $694,211 compared to $248,482 for the first quarter of 2005.
Net income for the first quarter of 2006 was $416,526 (basic and diluted earnings of 12 cents per share) compared with net income of $149,088 (basic and diluted earnings of 4 cents per share) for the first quarter of 2005.
EBITDA for the first quarter of 2006 was $1,152,894 compared with EBITDA of $698,318 for the first quarter of 2005.
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