Appliance Recycling Centers (ARCI) Swings to Q1 Loss
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Appliance Recycling Centers of America Reports First Quarter 2015 Operating Results
May 26, 2015 8:45 PM EDTMINNEAPOLIS, May 26, 2015 /PRNewswire/ -- Appliance Recycling Centers of America, Inc. (NASDAQ: ARCI), a leading provider of appliance recycling and retailing services, today reported operating results for the first quarter ended April 4, 2015.
Revenues for the first quarter of 2015 were $27.5 million, down 16.8% compared with the same period in 2014, as a result of decreased recycling division appliance replacement sales and lower carbon offset revenue. Net loss for the first quarter of 2015 was $1.7 million, or $(0.29) per diluted share, compared with... More
