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Appliance Recycling Posts Loss for First QuarterAppliance Recycling Posts Loss for First Quarter

Allan Gerlat

May 8, 2012

1 Min Read
Appliance Recycling Posts Loss for First Quarter

Appliance Recycling Centers of America Inc. (ARCA) posted a loss for its first quarter, caused by lower recycling volumes and company investments.

The Minneapolis-based appliance recycling company said in a news release that for the quarter ended March 31 its loss totaled $66,000, or 1 cent per diluted share. In 2011 the company reported consolidated net income of $674,000, or 12 cents per share.

Revenues for the first quarter declined 1.7 percent to $29.4 million compared with $29.9 million in 2011.

"The investments we made in growing our energy efficiency programs, recycling centers and retail operations, combined with lower recycling volumes in several of our larger utility programs, led us to a near-breakeven first quarter," said ARCA Edward (Jack) Cameron, president and CEO.


About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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