Article: ICO Announces Third Quarter Results.

HOUSTON, Aug. 13 /PRNewswire/ -- ICO, Inc. (Nasdaq: ICOC) today announced financial results for the fiscal third quarter ended June 30, 1999. Despite the continuing low level of oilfield drilling activity, effective cost controls and improved efficiencies produced solid operating results and cash flow. ICO reported revenues of $65,495,000, and earnings before interest, taxes, depreciation and amortization ("EBITDA") of $6,310,000, excluding $1,925,000 of charges relating to the Company's European restructuring and related severance expenses. Including these charges, the Company reported a net loss of $2,307,000, $0.13 diluted loss per common share after preferred stock ...

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