Industrial Services of America, Inc. reported consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported total revenue of $33,311,000 against $45,729,000 for the same period in the last year. Loss before other income (expense) was $2,966,000 against $553,000 for the same period in the last year. Loss before income taxes was $3,537,000 against $1,100,000 for the same period in the last year. Net loss was $2,191,000 or $0.31 per basic and diluted share against $886,000 or $0.13 per basic and diluted share for the same period in the last year. LBITDA was $1,981,000 against EBITDA of $544,000 for the same period in the last year.

For the nine months, the company reported total revenue of $108,192,000 against $157,259,000 for the same period in the last year. Loss before other income (expense) was $4,724,000 against $1,361,000 for the same period in the last year. Loss before income taxes was $5,689,000 against $2,921,000 for the same period in the last year. Net loss was $3,544,000 or $0.50 per basic and diluted share against $2,117,000 or $0.30 per basic and diluted share for the same period in the last year. LBITDA was $1,012,000 against EBITDA of $2,012,000 for the same period in the last year.

Included in the net loss for the third quarter ended September 30, 2013 is a charge of approximately $1.9 million to write down the value of the company's stainless steel inventory at September 30, 2013, in accordance with lower of cost or market accounting guidance.