Arca optimistic despite loss on lower scrap tags
Nov 06, 2012 | 10:21 AM
| Lisa Gordon
Tags
scrap metal,
Appliance Recycling Centers of America,
Arca,
recycling,
quarterly earnings,
Edward Cameron,
Lisa Gordon
PITTSBURGH — Appliance Recycling Centers of America Inc. (Arca) drew red ink in the third quarter but is optimistic that a recent pickup in scrap prices and housing activity could spur more appliance recycling.
The Minneapolis-based company posted a quarterly net loss of $1.08 million in contrast to net income of nearly $1.76 million in the same period last year on sales that slid 19.2 percent to $28.98 million.....
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