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May 12, 2014
08:34 EDTZINCHorsehead Holding reports Q1 adjusted EPS (2c), consensus (8c)
Reports Q1 revenue $110.1M, consensus $109.91M. The company said, “During Q1, we were faced with significant challenges, but accomplished several critical milestones in our transition plan."
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August 6, 2014
08:35 EDTZINCHorsehead Holding says outlook for zinc market 'remains strong'
The company said, "We believe the outlook for the zinc market remains strong, both in terms of demand and price, and the nickel price outlook appears also to be strong. At full zinc production, annualized EBITDA would be expected to increase by approximately $25M-$30M for each 10 cincrease in the price of zinc. While we were hedged through 2Q, as we entered Q3, we no longer had zinc hedges in place. We recently hedged 6K tons of zinc per month for August and September at slightly over $1.07/lb to reduce volatility during our continued ramp up of production at Mooresboro. We will continue to evaluate the desirability of placing additional short-term hedges during the remaining ramp-up of Mooresboro. Longer-term, the expected lowering of the business’s zinc-price break-even point, once Mooresboro is fully ramped-up, significantly lowers the risk associated with the potential for a drop in commodity prices."
08:34 EDTZINCHorsehead Holding reports Q2 EPS ex-items (6c), consensus (4c)
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