Revenue growth pushes Arca to profitability
Aug 02, 2005 | 11:14 AM
Appliance Recycling Centers of America Inc. (Arca) posted net income of $404,000 for the second quarter, a dramatic turnaround from a $42,000 net loss in the same period last year.APPLIANACE RECYCLING CENTERS OF AMERICA INC.(in thousands except per share) 200520042nd qtr. ended July 2Net sales$19,142$12,995Net income$404-$42Per share0.09-6 months ended July 2Net sales$36,051$24,592Net income-$29-$774Per share--The Minneapolis-based company said its revenue rose 47.3 percent to $19.1 million in the three months ended July 2, and its operating earnings soared to $620,000 from $80,000....
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