Horsehead Holding Corp Reports Q4 EPS of $0.15 vs. $0.06

Horsehead Holding Corp. ZINC, reported consolidated net earnings of $14.6 million for the fourth quarter of 2010, or $0.33 per diluted share, including $7.7 million benefit, after taxes, or $0.18 per share, from insurance recovery related to the July 2010 Monaca refinery incident. This was the first quarter in which the Company recorded an insurance benefit related to this incident. Consolidated net earnings were $0.2 million, or $0.00 per diluted share, for the fourth quarter of 2009. For the year ended December 31, 2010, Horsehead had $24.8 million in consolidated net earnings, or $0.57 per diluted share, versus a net loss of $27.5 million, or $(0.73) per diluted share, for the year ended December 31, 2009.