Horsehead Holding (HRRS) 8-K Regulation FD Disclosure

FINANCIAL INFORMATION REPORT
	Horsehead Holding Corp. and Subsidiaries										EXHIBIT 99.1
CONSOLIDATING BALANCE SHEETS
February 29, 2016 (Amounts in thousands, except per share amount)
			Horsehead
ASSETS	HHC		Corporation			Zochem		INMETCO			Eliminations			Consolidated
Current assets
Cash and cash equivalents	$	7,077	$	11,316		$	3,387	$	2,786		$	—		$	24,566
Accounts receivable, net of allowance	290		15,825			15,864		5,950			(465		)	37,464
Inventories, net	—		20,387			10,553		5,779			—			36,719
Prepaid expenses and other current assets	2,257		13,120			1,495		1,044			(6,972		)	10,944
Deferred income taxes	—		5,405			24		301			—			5,730
Total current assets	9,624		66,053			31,323		15,860			(7,437		)	115,423
Property, plant and equip, net	—		718,666			24,567		31,312			—			774,545
Other assets
Intangible assets	—		7,707			83		1,537			—			9,327
Restricted cash	—		7,939			—		—			—			7,939
Deferred income taxes	—		—			—		—			58,134			58,134
Investment in and advances to subs	730,115		(674,958		)	15,879		4,132			(75,168		)	—
Deposits and other	14,968		618			878		670			(14,968		)	2,166
Total other assets	745,083		(658,694		)	16,840		6,339			(32,002		)	77,566
Total assets	$	754,707	$	126,025		$	72,730	$	53,511		$	(39,439	)	$	967,534
LIABILITIES AND			Horsehead
STOCKHOLDERS' EQUITY	HHC		Corporation			Zochem		INMETCO			Eliminations			Consolidated
Current liabilities
Current maturities of long-term debt	$	205,000	$	42,234		$	—	$	—		$	(15,091	)	$	232,143
DEBTOR IN POSSESSION FINANCING	—		19,822			18,678		—			—			38,500
Accounts payable	214		8,932			504		1,261			(353		)	10,558
Accrued expenses	5,382		17,241			580		1,889			11			25,103
Income taxes payable	—		(56,170		)	525		509			55,136			—
Total current liabilities	210,596		32,059			20,287		3,659			39,703			306,304
LIABILITIES SUBJECT TO COMPROMISE	142,930		84,501			8,216		5,765			—			241,412
Long-term debt, less current	—		—			—		10,000			(10,000		)	—
Other long-term liabilities	—		13,080			26		1,839			—			14,945
Deferred income taxes	—		(7,196		)	1,870		9,302			(3,976		)	—
Commitments and contingencies
Stockholders' equity
Common Stock	602		—			—		—			—			602
Preferred stock	—		—			—		—			—			—
Additional paid-in capital	393,819		12,572			—		29,081			(41,653		)	393,819
Retained earnings	6,760		(12,830		)	42,331		(6,135		)	(23,513		)	6,613
Total stockholders' equity before noncontrolling interest	401,181		(258		)	42,331		22,946			(65,166		)	401,034
Noncontrolling interest	—		3,839			—		—			—			3,839
Total stockholders' equity	401,181		3,581			42,331		22,946			(65,166		)	404,873
Total liabilities and SE	$	754,707	$	126,025		$	72,730	$	53,511		$	(39,439	)	$	967,534
NOTE: THE DECEMBER 31, 2015 BALANCES WILL BE ADJUSTED UPON COMPLETION OF THE 2015 AUDIT AND MAY AFFECT THESE RESULTS

Horsehead Holding Corp. and Subsidiaries
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands, except per share amounts)
	28 days ended			Month ended			YTD ended			YTD ended
	February 29			February 28			February 29			February 28
	2016			2015			2016			2015
Net sales of zinc material and other goods	$	19,059		$	26,279		$	39,369		$	56,316
Net sales of nickel based material and other services	3,434			4,388			6,276			5,608
EAF dust service fees	3,189			2,946			6,355			6,042
Net sales	25,682			33,613			52,000			67,966
Cost of sales of zinc material and other goods	19,151			29,441			48,722			59,733
Cost of sales of nickel based material and other services	2,339			2,727			4,310			4,987
Cost of EAF dust services	2,379			2,461			4,563			4,975
Cost of sales (excluding deprec and amortiz)	23,869			34,629			57,595			69,695
Depreciation and amortization	4,179			3,939			8,358			7,877
Selling, general and administrative expenses	1,836			2,324			3,752			4,586
Total costs and expenses	29,884			40,892			69,705			82,158
Loss from operations	(4,202		)	(7,279		)	(17,705		)	(14,192		)
Other income (expense)
Interest expense	(2,572		)	(2,756		)	(6,090		)	(6,092		)
Interest and other income	4			7			3			8
Other income (expense)	(17		)	(27		)	2,957			(145		)
Total other income (expense)	(2,585		)	(2,776		)	(3,130		)	(6,229		)
REORGANIZATION ITEMS, NET	(9,158		)	—			(19,799		)	—
Loss before income taxes	(15,945		)	(10,055		)	(40,634		)	(20,421		)
Income tax benefit	(5,813		)	(4,585		)	(14,568		)	(9,313		)
NET LOSS	$	(10,132	)	$	(5,470	)	$	(26,066	)	$	(11,108	)
NOTE: THE DECEMBER 31, 2015 BALANCES WILL BE ADJUSTED UPON COMPLETION OF THE 2015 AUDIT AND MAY AFFECT THESE RESULTS

Horsehead Holding Corp. and Subsidiaries
CONSOLIDATING STATEMENTS OF OPERATIONS
For the 28 days ended February 29, 2016 (UNAUDITED)
(Amounts in thousands, except per share amounts)
	Horsehead
	Holding			Horsehead
	Corp.			Corporation			INMETCO			Zochem			Elims			Consolidated
Net sales of zinc material and other goods	$	—		$	10,945		$	—		$	8,114		$	—		$	19,059
Net sales of nickel based material and other services	—			—			3,434			—			—			3,434
EAF dust service fees	—			3,287			—			—			(98		)	3,189
Net sales	—			14,232			3,434			8,114			(98		)	25,682
Cost of sales of zinc material and other goods	—			11,611			—			7,540			—			19,151
Cost of sales of nickel based material and other services	—			—			2,437			—			(98		)	2,339
Cost of EAF dust services	—			2,379			—			—			—			2,379
Cost of sales (excluding deprec and amortiz)	—			13,990			2,437			7,540			(98		)	23,869
Depreciation and amortization	—			3,740			252			187			—			4,179
Selling, general and administrative expenses	18			1,421			253			144			—			1,836
Total costs and expenses	18			19,151			2,942			7,871			(98		)	29,884
(Loss) income from operations	(18		)	(4,919		)	492			243			—			(4,202		)
Equity in (loss) income of subsidiary, net of taxes	(5,165		)	—			—			—			5,165			—
Other income (expense)
Interest expense	(604		)	(1,846		)	(37		)	(173		)	88			(2,572		)
Interest and other income	90			2			—			—			(88		)	4
Other income (expense)	—			2			—			(19		)	—			(17		)
Total other income (expense)	(514		)	(1,842		)	(37		)	(192		)	—			(2,585		)
REORGANIZATION ITEMS, NET	(3,814		)	(4,790		)	—			(554		)	—			(9,158		)
(Loss) income before income taxes	(9,511		)	(11,551		)	455			(503		)	5,165			(15,945		)
Income tax (benefit) provision	—			(5,876		)	179			(116		)	—			(5,813		)
NET (LOSS) INCOME	$	(9,511	)	$	(5,675	)	$	276		$	(387	)	$	5,165		$	(10,132	)
NOTE: THE DECEMBER 31, 2015 BALANCES WILL BE ADJUSTED UPON COMPLETION OF THE 2015 AUDIT AND MAY AFFECT THESE RESULTS

Horsehead Holding Corp. and Subsidiaries
CONSOLIDATING STATEMENTS OF OPERATIONS
For the two months ended February 29, 2016 (UNAUDITED)
(Amounts in thousands, except per share amounts)
	Horsehead
	Holding			Horsehead
	Corp.			Corporation			INMETCO			Zochem			Elims			Consolidated
Net sales of zinc material and other goods	$	—		$	21,567		$	—		$	17,700		$	102		$	39,369
Net sales of nickel based material and other services	—			—			6,276			—			—			6,276
EAF dust service fees	—			6,559			—			—			(204		)	6,355
Net sales	—			28,126			6,276			17,700			(102		)	52,000
Cost of sales of zinc material and other goods	—			32,135			—			16,485			102			48,722
Cost of sales of nickel based material and other services	—			—			4,514			—			(204		)	4,310
Cost of EAF dust services	—			4,563			—			—			—			4,563
Cost of sales (excluding deprec and amortiz)	—			36,698			4,514			16,485			(102		)	57,595
Depreciation and amortization	—			7,481			503			374			—			8,358
Selling, general and administrative expenses	179			2,800			474			299			—			3,752
Total costs and expenses	179			46,979			5,491			17,158			(102		)	69,705
(Loss) income from operations	(179		)	(18,853		)	785			542			—			(17,705		)
Equity in (loss) income of subsidiary, net of taxes	(15,361		)	—			—			—			15,361			—
Other income (expense)
Interest expense	(3,609		)	(2,323		)	(73		)	(267		)	182			(6,090		)
Interest and other income	183			2			—			—			(182		)	3
Other income (expense)	—			3,000			(8		)	(35		)	—			2,957
Total other income (expense)	(3,426		)	679			(81		)	(302		)	—			(3,130		)
REORGANIZATION ITEMS, NET	(6,075		)	(11,924		)	64			(1,864		)	—			(19,799		)
(Loss) income before income taxes	(25,041		)	(30,098		)	768			(1,624		)	15,361			(40,634		)
Income tax (benefit) provision	—			(14,863		)	302			(7		)	—			(14,568		)
NET (LOSS) INCOME	$	(25,041	)	$	(15,235	)	$	466		$	(1,617	)	$	15,361		$	(26,066	)
NOTE: THE DECEMBER 31, 2015 BALANCES WILL BE ADJUSTED UPON COMPLETION OF THE 2015 AUDIT AND MAY AFFECT THESE RESULTS

NON-FINANCIAL OPERATING METRICS REPORT
							28 days ended
Shipments							February 29, 2016
Zinc finished product - tons (Z + HH combined)(excludes WOX/Calcine)							5,938
Finished Products Zinc-Contained tons (Z + HH combined) (excludes WOX/Calcine)							4,925
WOX/Calcine shipments combined - tons							13,433
Total Zinc-Contained tons (Finished Prod from Z + HH + calcine/WOX)							13,326
Zinc finished product - tons (HH) (excludes WOX/Calcine)							872
Total Zinc Product Zinc - Contained tons (HH) (includes WOX/Calcine)							9,273
EAF dust receipts - tons (HH)							43,601
Nickel remelt alloy shipments - tons (I)							2,850
Net sales realization
Zinc finished products - per lb (Z + HH combined)							$	0.83
Zinc finished products - per lb zinc-contained (Z + HH combined)							$	1.00
Zinc finished products premium - per lb zinc-contained (Z + HH combined)							$	0.22
Zinc Product Shipments - per lb zinc-contained (HH)							$	0.53
LME average zinc price - per lb							$	0.78
LME average nickel price - per lb							$	3.77
Production
Zinc metal production tons (Mooresboro)							—
Mooresboro conversion costs (per lb)							$	—
Financial (in 000's)							UNAUDITED
Net Zinc metal sales excl intercompany (HH) (excludes brokered)							$	1,322
Brokered metal sales							$	164
EAFD collection revenue							$	3,287
EAFD collection costs							$	2,379
Zochem adjusted EBITDA (but no detail on adjustments)							$	426
INMETCO adjusted EBITDA (but no detail on adjustments)							$	744
Segment data (3 segments + Corp, elim, other) (in 000's)
UNAUDITED
									Corp, Elims
	Horsehead			Zochem			INMETCO		& Other			Consolidated
Revenue	$	14,232		$	8,114		$	3,434	$	(98	)	$	25,682
Depr & Amort	3,740			187			252		—			4,179
COGS	13,990			7,540			2,437		(98		)	23,869
SG&A	1,421			144			253		18			1,836
Interest expense	1,846			173			37		516			2,572
(Loss) income before income taxes	$	(11,551	)	$	(503	)	$	455	$	(4,346	)	$	(15,945	)
Revenue excl. unrealized non-cash hedge adj and interco sales	$	14,134		$	8,110		$	3,434	$	—		$	25,678
Unrealized non-cash hedge adj (expense) income	$	—		$	4		$	—	$	—		$	4
Capital expenditures	$	187		$	28		$	129	$	—		$	344