8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

_____________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 14, 2007

Empire Resources, Inc.

(Exact Name of Registrant as Specified in its Charter)

DE	001-12127	22-3136782
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

ONE PARKER PLAZA FORT LEE, NJ	07024
(Address of Principal Executive Offices)	(Zip Code)

Registrant's telephone number, including area code: (201) 944-2200

(Former name or former address, if changed from last report)

_____________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On August 14, 2007, Empire Resources, Inc. (the “Company”) issued a press release regarding its financial results for the quarter ended June 30, 2007. The Company’s press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

The information in this Current Report on Form 8-K and the Exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), nor shall it be deemed incorporated by reference to any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference to such filing.

Item 9.01 Financial Statements and Exhibits

Exhibit No. Description

 

99.1 Press Release of the Company dated August 14, 2007 relating to its second quarter operating results.

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Empire Resources, Inc.

(Registrant)

Date: August 15, 2007	By:	/s/ Sandra Kahn
		Chief Financial Officer

EXHIBIT INDEX

EX-99.1 Press Release of the Company dated August 14, 2007 relating to its second quarter operating results

EX-99.1

Empire Resources Inc.

One Parker Plaza

Fort Lee, NJ 07024

FOR IMMEDIATE RELEASE

EMPIRE RESOURCES ANNOUNCES SECOND QUARTER OPERATING RESULTS

FORT LEE, NJ, August 14, 2007 - Empire Resources, Inc. (AMEX:ERS), a distributor of value added, semi-finished aluminum products, today announced net income for the three and six months ended June 30, 2007 of $1,125,000 and $3,536,000 as compared to $2,673,000 and $5,093,000 for the same periods in 2006. Net income for the three and six months ended June 30, 2007 decreased to $.11 and $.35 per share on a fully diluted basis as compared to $.27 and $.51 per share on a fully diluted basis for the same periods in 2006.

Net sales for the three and six months of 2007 were $116,780,000 and $256,621,000 as compared to $110,338,000 and $209,907,000 for the same periods in 2006. Net sales increased 6% for the three month period and 22% for the six month period as compared to the prior year.

Empire Resources, Inc. is a distributor of a wide range of semi-finished aluminum products to customers in the transportation, automotive, housing, appliance and packaging industries in the U.S., Canada, Australia, New Zealand and Europe. It maintains supply contracts with aluminum mills in various parts of the world.

This press release contains forward-looking statements. Such statements involve various risks that may cause actual results to differ materially. These risks include, but are not limited to, the ability of the company to grow internally or by acquisition and to integrate acquired businesses, not being able to improve operating margins and efficiencies, changing industry and competitive conditions, and other risks referred to in the Company’s registration statements and periodic reports filed with the Securities and Exchange Commission.

Contact:

David Kronfeld

917-408-1940

dkronfeld@empireresources.com

(Table Follows)

Unaudited Condensed Consolidated Statements of Income

In thousands, except per share amounts
			Three Months Ended June 30,				Six Months Ended June 30,
			2007		2006		2007		2006
	Net sales	$	116,780	$	110,338	$	256,621	$	209,907
	Cost of goods sold		110,259		101,775		241,682		193,417
	Gross profit		6,521		8,563		14,939		16,490
	Selling, general and administrative expenses		2,708		2,760		5,224		5,385
	Operating income		3,813		5,803		9,715		11,105
	Interest expense		2,081		1,530		4,107		2,952
	Income before income taxes		1,732		4,273		5,608		8,153
	Income taxes		607		1,600		2,072		3,060
	Net income	$	1,125	$	2,673	$	3,536	$	5,093
	Weighted average shares outstanding:
	Basic		9,790		9,761		9,790		9,764
	Diluted		10,050		10,061		10,051		10,075
	Earnings per share:
	Basic		$ 0.11		$ 0.27		$ 0.36		$ 0.52
	Diluted		$ 0.11		$ 0.27		$ 0.35		$ 0.51