Horsehead Holding Corp. Announces First Quarter 2011 Earnings

The Street reports that Horsehead Holding Corp. (NASDAQ:ZINC) reported consolidated net earnings of $14.8 million.

The market news is quoted as saying,

Horsehead Holding Corp. (Nasdaq: ZINC) reported consolidated net earnings of $14.8 million for the first quarter of 2011, or $0.33 per diluted share, including a $6.2 million benefit, net of related expenses and taxes, or $0.14 per diluted share, from insurance recovery related to the July 2010 Monaca refinery incident. Consolidated net earnings excluding the insurance recovery were $8.6 million, or $0.19 per diluted share, an increase of 26% over the first quarter of 2010 net earnings of $6.8 million, or $0.16 per diluted share.

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