Metalico Reports Record 2010 EBITDA And Volumes (MEA)

Metalico MEA today announced results for the year and quarter ended December 31, 2010 including EBITDA of $53 million, a Company record for a single year, on all-time high volumes of ferrous and non-ferrous scrap.

2010 HIGHLIGHTS

Determined in accordance with GAAP where applicable and without non-GAAP adjustment:

-- Revenues of $553 million, up 90% from 2009 revenues of $292 million.
-- Operating income increased 166% to $36.5 million.
-- Record EBITDA (defined below) of $53 million, nearly double compared to
$29 million in 2009.
-- Net income of $13.5 million, compared to a loss of $3.4 million in
2009.
-- Fully diluted earnings per share of $0.29 versus loss per share of
$0.08 the year before.
-- Record shipments of ferrous gross tons of 450,800.
-- Record non-ferrous shipments of 141.2 million pounds.