ISA Reports Increase in Ferrous, Nonferrous Shipments in 2007

Industrial Services of America Inc. (ISA), based in Louisville, Ky., a provider of recyclable commodities, logistics management services, equipment and processes for waste and scrap materials, has reported its expected revenues and earnings per share for 2007.

The company expects earnings per share to be approximately 71 cents per basic and diluted share, an increase of 16 percent over earnings in 2006. The 2007 earnings per share also includes settlement costs of 4.7 cents per share for the resolution of a legal matter in the fourth quarter and a 3.6 cent per share cost related to a management employment contract in the third quarter.

ISA’s total revenue will be approximately $77 million for the year, reflecting a 24.0 percent increase over the 2006 fiscal year, according to the company.

The company shipped nearly 82,000 gross tons of ferrous material in 2007, compared with 76,300 gross tons in fiscal 2006. ISA shipped nearly 29 million pounds of nonferrous material in 2007 compared with 22.3 million pounds in fiscal year 2006.

Based on actual results from the first two months of the first quarter of 2008 and projected trends, ISA says it expects its business to remain strong, reflecting continuing demand domestically and internationally, as well as increased prices for ferrous and other commodities. The company expects its first quarter 2008 earnings to be in the range of 28 cents to 30 cents per share. First quarter 2007 earnings were 22 cents per share and 12 cents per share in first quarter 2006.

“First quarter earnings are expected to be strong, reflecting a robust commodity industry and the global factors supporting industry growth,” Harry Kletter, chairman and chief executive officer of ISA, says. “We have positioned ourselves to benefit from these demand and pricing trends.”

Kletter continues, “While understanding that our results vary from quarter to quarter depending on shipping schedules and other factors unique to the commodities business, we plan to build upon our strengths as we add state of the art processing equipment and implement other programs over the coming months that will effectively utilize our commodities expertise.”

ISA plans to continue its share repurchase program, as market conditions and buying opportunities allow. Since the repurchase of up to 200,000 shares of common stock was authorized by the board in November 2005, ISA has repurchased more than 55,000 shares at times, prices and amounts determined by the company.

ISA says it intends to report 2007 financial results and file its Form 10-K annual report on March 31, 2008.