Appliance Recycling Centers of America Reports Record Fourth Quarter and Full-Year 2007 Operating Results
U.S. Newswire, March, 2008
To: ENVIRONMENTAL EDITORS
Contact: Edward R. (Jack) Cameron, CEO, or Peter Hausback, CFO, both of Appliance Recycling Centers of America, Inc., 1-952-930- 9000; or Richard G. Cinquina of Equity Market Partners, 1-904-415- 1415, for Appliance Recycling Centers of America, Inc.
MINNEAPOLIS, March 13 /PRNewswire-FirstCall/ -- Appliance Recycling Centers of America, Inc. (Nasdaq: ARCI) today reported results for the fourth quarter and full year ended December 29, 2007.
Financial highlights for the fourth quarter of 2007 versus the year-earlier period include:
-- Total revenues increased 55% to $30.9 million.
-- ApplianceSmart same-store sales increased 9%.
-- Recycling revenues quadrupled, rising to $10.9 million.
-- Net income was...
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