Metalico Increase Sales Despite Rough Fourth Quarter

Metalico, Inc. (NYSE:MEA) announced increases in its 2011 sales, net income and earnings per share over 2010 despite a lackluster fourth quarter.

As quoted in the press release:

For the year ended December 31, 2011, the Company posted net income of $17.4 million, or $.37 per share, on revenues of $661 million, as compared to net income of $13.5 million or $.29 per share on revenues of $553 million for the year ended December 31, 2010. Operating income slipped by 11% to $32.6 million for the year just ended from $36.5 million in 2010.

Click here to read the Metalico, Inc. (NYSE:MEA) press release.