Advertisement

O.C. BUSINESS PLUS | ORANGE COUNTY EARNINGS

Metalclad Corp.

November 16, 2000

The Newport Beach insulation company lost $1.4 million, or 28 cents a share, for the third quarter, compared with a net loss of $2.7 million, or 72 cents a share, for the same period last year. Revenue was up 20% to $12.2 million. Metalclad also said it has begun to identify potential merger or acquisition candidates, though it has yet to collect on $16.7 million, or $3 a share, awarded it under a North American Free Trade Agreement arbitration over Mexico's seizure of its facility in San Luis Polosi. Mexico is asking the Supreme Court of British Columbia to overturn the award.

Advertisement
Los Angeles Times Articles
|
|
|