% | $
Quotes you view appear here for quick access.

SL Industries Inc. Message Board

  • steve_382 steve_382 Feb 6, 2012 4:29 PM Flag

    Environmental Issues and Q4 estimate

    Just reread the Jan. 5, 2012 estimate from the company for Q4. They said basically .66 per share and 51 million for revenues. The also discussed the EPA issues again. I went back and read the info in the 10Q about these issues and still don't have a good feel for how it will all work out. For what it's worth, I am picking up a few more shares from time to time, but it would be nice to see some resolution to the EPA stuff.

    Link to 10Q info that I posted on the IV board:

    Excerpt from the Jan. 5, 2012 PR:

    Discontinued operations consist primarily of costs related to environmental matters at five sites in the state of New Jersey that were locations of operations discontinued by the Company. The Company has incurred and will continue to incur expenses related to environmental work and legal expenses related to these sites. The Company is not including the results of discontinued operations in this forecast.

    The Company is involved in on-going negotiations with the US Department of Justice and the US Environmental Protection Agency regarding remediation and past costs for operable units 1 and 2 located on or near its Pennsauken site which was named as part of the Puchack Well Field Superfund Site in 1998. Historically, a Company wholly-owned subsidiary operated a chrome plating facility at the site referred to as operable unit 2. The Company continues to monitor this matter, as well as the on-going negotiations with regulatory authorities to resolve this matter, and to review the amount of reserves held against future costs and expenses, and may increase such reserves in the future. The ultimate outcome of this matter and other environmental issues and its impact on the Company is inherently uncertain. For further information, see Note 12 (Commitments and Contingencies) of the Notes to the Consolidated Financial Statements included in Part I of the Company's Quarterly Report on Form 10-Q for the period ended September 30, 2011 , filed with Securities and Exchange Commission (the "SEC") on November 9, 2011 ; and Note 13 (Commitments and Contingencies) of the Notes to the Consolidated Financial Statements of the Company's Annual Report on Form 10-K for the year ended December 31, 2010 , filed with the SEC on March 31, 2011 .

39.990.0000(0.00%)Jun 1 3:59 PMEDT