Exhibit 99.1

FOR IMMEDIATE RELEASE
METALICO REPORTS THIRD QUARTER RESULTS

CRANFORD, NJ, November 9, 2012 – Metalico, Inc. (NYSE MKT: MEA) today reported a third quarter net loss of $10.7 million, equivalent to $0.22 per diluted share, due principally to a $12.1 million non-cash impairment charge to intangible assets.

Excluding the impairment charge and other unusual items, the Company posted an adjusted loss of $1.3 million, or $0.03 per share. Net income for the prior year quarter was $5.1 million, or earnings per share of $0.11. See Table I below for a reconciliation.

The Company posted sales of $133 million for the quarter ended September 30, as compared to $169 million in the 2011 period. Weak metal selling prices and sluggish volume contributed to the reduction in revenue.

The operating loss in the third quarter resulted primarily from a pre-tax $12.1 million non-cash impairment of intangible assets in the Company’s Platinum Group Metals (“PGM”) reporting units.

Quarterly Results Year-over-Year

Year-over-year comparison to the third quarter of 2011 shows lower shipments except for non-ferrous scrap, with ferrous scrap volumes down 1%. Lower PGM volumes accounted for a majority of the drop in revenue.

The Company’s Scrap Metal Recycling segment reported a $2.1 million operating loss in the third quarter compared to $4.2 million profit last year. A $1.5 million book-to-physical adjustment of ferrous inventory, due to shrinkage, was the chief contributor to the segment’s loss, combined with tighter metal margins.

The Lead Fabricating segment reported improved operating income of $1.4 million compared to $0.9 million in the prior-year period. Better product mix, higher selling prices and continued focus on productivity supported results as compared to 2011.

The $12.1 million impairment charge, combined with lower volumes, pushed the PGM and Minor Metals segment to an operating loss of $12.9 million versus operating income of $1.6 million in the prior year quarter.

Result Drivers in the Period

Metalico’s ferrous and non-ferrous recycling business suffered from a commodity-based rapid decline in scrap selling prices during the quarter. Both ferrous and non-ferrous selling prices were down, with ferrous pricing dropping $48, or 11%, to $370 from $418 per gross ton in the sequential quarter.

PGM recycling volumes continue to be impacted by tight supply, volatile pricing and a decision to reduce buying activity with suppliers and in markets that were not contributing positive margins. As a result, quarterly PGM volume fell 13% to 9,000 troy ounces from 10,400 troy ounces in the sequential quarter. In addition, both the New Jersey and Texas facilities incurred costs associated with the continued ramp-up of the respective new full service scrap operations.

Lead product selling prices rose 2.6% but we had a 9% reduction in volume; however, pricing, product mix and improved productivity all contributed to an increase in operating profit over both prior year and the sequential quarter.

Carlos E. Agüero, Metalico’s President and Chief Executive Officer, said, “Undeniably, we had a difficult quarter. Our operations were adversely impacted by tight supply which resulted in persistently high metal buying prices coupled with volatile and declining commodity selling prices. However, we are making considerable progress in reducing operating expenses and have maintained discipline in metal buying practices.

“Competitive pressures for securing scrap units at acceptable margins have not abated. Yet we remain confident in Metalico’s ability to successfully navigate the challenging macroeconomic and metals industry environment.”

Mr. Agüero added, “The scrap buying efforts at the Company’s new PGM recycling facility in New Jersey are exceeding expectations in volume for both ferrous and non-ferrous scrap. In addition, our cost reduction efforts initiated earlier in the year reduced the third quarter’s selling, general and administrative expenses to the Company’s lowest level in two years.”

Segment Reporting

Listed below is segment financial data, after allocation of corporate overhead, for the three and nine months ended September 30, 2012 and 2011:

Balance Sheet Highlights

The Company had cash on hand of $4.5 million at quarter-end. Working capital of $117.5 million at September 30, 2012 was unchanged from June 30 and improved from $115.2 million at December 31, 2011. Outstanding debt fell $4 million to $132 million from $136 million at June 30, 2012. Shareholders’ equity decreased $4 million to $188 million from $192 million at the beginning of the year, principally driven by the non-cash charges discussed above.

Metalico has $49 million of availability under its revolving credit facility as of November 8, more than ample to meet our ongoing liquidity requirements.

Business Outlook

Ferrous: Although expected to remain stable through year end, ferrous scrap metal prices have experienced unprecedented price volatility of late. This instability renders it ever more difficult to provide even short term price and demand outlook, although the Company is on track to exceed half a million gross tons shipped in 2012.

The fourth quarter is typically the slowest quarter for ferrous product demand. Metalico expects this trend to remain intact, although pricing and indicators for November and December are favorable.

Non-Ferrous (Including Aluminum Deox): The Company anticipates that non-ferrous unit shipments will follow the lower seasonal trends associated with typical fourth quarter activity, but expects record annual non-ferrous shipments of 160 million pounds, which will significantly surpass that of 2011.

Three non-ferrous metals, aluminum, copper and nickel, are expected to trade at the low end of this year’s price band due to sluggish domestic and foreign industrial demand but may experience a seasonal rebound beginning next year as supplies are impacted by winter weather. If monetary easing continues or inflationary pressures accelerate, base metal prices could experience strength.

PGMs: Third-quarter PGM pricing was volatile and recent downward pressure is expected to continue through year end. That restricts units available in the market. Competition for units in the northeast is easing, while buying prices and competition remain high in the south.

Minor Metals: During the quarter Minor Metals principally molybdenum, experienced pricing weakness although many in the industry feel a price floor has been established. Aerospace demand was weaker early in the third quarter but has rebounded of late.

Lead Fabricating: Higher selling prices and product mix, and continued focus on productivity continue to support improved results as compared to 2011. The Company is encouraged by new business quoting activity for both near and longer term business prospects.

Earlier in the quarter Metalico announced plans to explore strategic alternatives for its Lead Fabricating segment, including a possible sale. The Company retained D.A. Davidson & Co. to assist it in its evaluation and has begun to contact potential buyers. However, the Company cautioned that it has not yet made a final decision on the future of the Lead segment.

About Metalico

Metalico, Inc. is a holding company with operations in three principal business segments: Ferrous and Non-Ferrous Scrap Metal Recycling, PGM and Minor Metals Recycling, and Fabrication of Lead-Based Products. The Company operates 27 recycling facilities in New York, Pennsylvania, Ohio, West Virginia, New Jersey, Texas, and Mississippi and four lead fabricating plants in Alabama, Illinois, and California. Metalico’s common stock is traded on the NYSE MKT under the symbol MEA.

Forward-looking Statements

This news release, and in particular its “Business Outlook” section, contains “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, such as Metalico’s expectations with respect to its results of operations for the fourth quarter of 2012, commodity pricing, volumes, and trends. These statements may contain terms like “expect,” “anticipate,” “believe,” “should,” “appear,” “estimate” and other words that convey a similar meaning, or are statements that do not relate strictly to historical or current facts. Forward-looking statements include statements with respect to Metalico’s beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond Metalico’s control, and which may cause Metalico’s actual results, performance or achievements to be materially different from future results, performance, expectations or achievements expressed or implied by such forward-looking statements. Factors that could cause such material difference are discussed in more detail in the Company’s most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. All statements other than statements of historical fact are statements that could be forward-looking statements. Metalico assumes no obligation to update the information contained in this news release.

# # #

   Table I - Reconciliation of adjusted net income to net income as reported
   ($ in thousands, except per share data)

                                                Quarter Ended                    Diluted Earnings

                                                Sept 30, 2012                       Per Share
                                   ---------------------------------------   ------------------------

Net (loss) income as reported                    $(10,684)                    $(0.22)

Impairment charges, net of tax                      8,397                       0.17

Inventory adjustment, net of tax                      955                       0.02

Net income as adjusted                            $(1,332)                    $(0.03)
                                      ===================    =======================

1

METALICO, INC.
SELECTED HISTORICAL FINANCIAL DATA
(UNAUDITED)
($ thousands, except per share data)

2

METALICO, INC.
SELECTED HISTORICAL FINANCIAL DATA (CONTINUED)
(UNAUDITED)
($ thousands, except per share data)

3

Non-GAAP Financial Information

Reconciliation of Non-GAAP EBITDA and Net Income

When the Company uses the term “EBITDA,” the Company is referring to earnings before interest, stock-based compensation, impairment charges, non-cash gain on settlement, income taxes, other expense (income), equity in (gain) loss of unconsolidated investee, depreciation and amortization, gain on debt extinguishment and financial instruments fair value adjustments. The Company presents EBITDA because it considers it an important supplemental measure of the Company’s performance and believes it is frequently used by securities analysts, investors and other interested parties in the evaluation of companies in Metalico’s industry. The Company also uses EBITDA to determine its compliance with some of the covenants under its credit facility. EBITDA is not a recognized term under generally accepted accounting principles in the United States “GAAP,” and has limitations as an analytical tool. You should not consider it in isolation or as a substitute for net income, operating income, cash flows from operating, investing or financing activities or any other measure calculated in accordance with GAAP. Other companies in the Company’s industry may calculate EBITDA differently from how the Company does, limiting its usefulness as a comparative measure. EBITDA should not be considered as a measure of discretionary cash available to the Company to invest in the growth of its business. The following table reconciles EBITDA to net income:

4