Marybeth sells ZINC 2.45: This resulted in an adjusted net loss of $12.4 million, or $0.22 per share, which beat the consensus estimate by $0.07 per share.

Despite those additional costs, Horsehead's overall cost of sales declined by $7.9 million year over year to $108.2 million in the second quarter. But the company still ensured a few more start-up hiccups during the quarter, resulting in additions start-up costs. That new facility produced 10,600 tons of zinc during the quarter, which was a 10% improvement from the first quarter. But that's largely due to a shift in the company's production as it transitioned from its Monaca smelter to its new Mooresboro facility. Driving this adjusted decrease were zinc shipments, which fell 15.7% year over year to 46,418 tons.


Love:
Those sales, however, were positively affected by $10.1 million in unrealized gains due to hedge positions during the quarter.

Ling:
That facility, however, did still have its troubles in the quarter, which are rolling into the third quarter.

Valarie:
Driving this improvement was the continued ramp-up of production at its Mooresboro facility.

Carina:
The zinc producer's results were stronger than expected as its net loss was wasn't as bad as analysts feared.

Jennifer:
Hensler said the company expects continued steady progress as it debottlenecks the facility and addresses equipment reliability issues.

Sina:
Moving forward, Horsehead said its primary focus remains the ramp-up of its facility in Mooresboro, N.C.

Trinh:
Shell has yet to make a final decision on the project.

Mellie:
This compares to a net loss of $5.1 million, or 10 cents per diluted share, in the same period a year ago.

Dalila:
We caution investors that Adjusted EBITDA should not be considered as a substitute for disclosures made in accordance with GAAP.

Eloisa:
Management uses adjusted EBITDA to evaluate our performance and to compare our current results with those for prior periods as well as with the results of other companies in our industry.

Horsehead Holding (NASDAQ:ZINC)
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