Empire Resources, Inc. (NASDAQ:ERS)

Third Quarter 2014 Results

• Revenues of $159.4 vs $126.4 in the prior year.
• Non-GAAP EPS of $0.17vs $0.04 in the prior year.

Nathan Kahn, President and CEO, commented, "For a third consecutive quarter, we achieved both sequential and year-over-year top-line growth, as we continue to benefit from our geographic and product diversity. Robust market demand in the U.S. was the main driver of our sales in the third quarter, both in aluminum and steel. We also realized improved growth in Europe, where our team's focus on execution is making a difference despite locally soft economic conditions. Sales in Latin America remained nearly level while the Australia/New Zealand team continued the year-over-year improvement they have achieved for the past two quarters. We are also pleased to report continued growth in operating income, which is at the highest level in four years, while our non-GAAP net income year-to-date is double the level we achieved last year."

Removing ERSO from the GeoBargain on the Radar List @ $3.61

Added to the GeoSpecial list  @ $5.55

Catalyst: The Company had a GPR of 5.

Current road block: Growth in revenues and EPS have not met our expectation for two consecutive quarters. IR has made little effort to respond. Analyst estimates could not be verified.

FORT LEE, N.J., May 3, 2011 /PRNewswire/ -- Empire Resources, Inc. announced today that it has entered into a new working capital credit agreement with Rabobank International, for itself and as Lead Arranger and Agent, JPMorgan Chase, for itself and as Syndication Agent, and ABN AMRO, BNP Paribas, RBS Citizens, Societe Generale, and Brown Brothers Harriman. The $200 million secured, asset-based credit facility matures on June 30, 2014 and refinances the Company's existing $175 million credit agreement which would have matured on June 30, 2011. The Agreement also allows a onetime additional increase in the line of credit of up to $50 million, subject to certain restrictions.

Sandra Kahn, Chief Financial Officer, commented, "We are very pleased to have partnered with seven prominent banks for our working capital needs and are appreciative of their strong support. We are gratified that this support, and substantial interest in our Company, came both from our existing lenders and from new banking relationships."