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Last $2.05 USD
Change Today -0.47 / -18.65%
Volume 87.2K
As of 8:10 PM 03/31/15 All times are local (Market data is delayed by at least 15 minutes).

appliance recycling ctrs amr (ARCI) Snapshot

Open
$2.45
Previous Close
$2.52
Day High
$2.48
Day Low
$2.05
52 Week High
07/25/14 - $4.42
52 Week Low
03/31/15 - $2.05
Market Cap
11.9M
Average Volume 10 Days
13.1K
EPS TTM
$0.57
Shares Outstanding
5.8M
EX-Date
--
P/E TM
3.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for APPLIANCE RECYCLING CTRS AMR (ARCI)

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appliance recycling ctrs amr (ARCI) Details

Appliance Recycling Centers of America, Inc., together with its subsidiaries, sells new household appliances through a chain of company-owned retail stores under the ApplianceSmart name. The company operates in two segments, Recycling and Retail. Its stores offer new appliances; special-buy appliances, including out-of-carton merchandise; other affordable options, such as close-outs, factory overruns, and discontinued models; byproduct materials, such as metals of recycled appliances; and carbon offsets created by the destruction of ozone-depleting refrigerants. The company operates 18 ApplianceSmart stores located in Minnesota, Ohio, Georgia, and Texas. It also provides turnkey appliance recycling and replacement services for electric utilities and other sponsors of energy efficiency programs. The company was founded in 1976 and is based in Minneapolis, Minnesota.

appliance recycling ctrs amr (ARCI) Top Compensated Officers

Founder and Chairman
Total Annual Compensation: $218.6K
President of Appliancesmart Inc
Total Annual Compensation: $165.0K
Compensation as of Fiscal Year 2013.

appliance recycling ctrs amr (ARCI) Key Developments

Appliance Recycling Centers of America, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended January 3, 2015

Appliance Recycling Centers of America Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended January 3, 2015. Revenues for the fourth quarter of 2014 were $31.8 million, which is $0.8 million or 2.4% less than the same period in 2013 due mainly to the receipt of $0.7 million in carbon offsets in the fourth quarter of 2013. The fourth quarter of 2014 was also impacted by lower byproduct revenues due to a decline in scrap prices. Loss before income taxes and noncontrolling interest was $922,000 compared with 2013 income before income taxes and noncontrolling interest of $504,000. Operating loss was $643,000 compared with operating income of $868,000, last year. The net after tax loss for the fourth quarter of 2014 was $0.6 million, or $0.10 per basic and diluted share, compared with net after-tax income of $2.0 million, or $0.34 per diluted share, reported during the same period in the prior year. This variance was caused by the deferred tax asset valuation allowance adjustment mentioned above, timing of carbon offset income, scrap price erosion, and the impact of promotional retail pricing in ApplianceSmart division. For the year, the company reported profitable results on sales. Total revenues in 2014 were $130.9 million, up 2.3% compared with 2013 revenue of $127.9 million. The company's reported net income in 2014 was $0.8 million, or $0.13 per diluted share. This compares with net income in 2013 of $3.1 million, or $0.55 per diluted share, which included the impact of a deferred tax asset valuation allowance adjustment that added $2.2 million, or $0.37 per diluted share, to 2013 net income. Operating income was $2,551,000 compared with $3,396,000, last year. Income before income taxes and noncontrolling interest was $1,509,000 compared with $2,054,000, last year.

Appliance Recycling Centers of America, Inc. Appoints Jeffery Ostapeic as Chief Financial Officer

Appliance Recycling Centers of America Inc. announced that Jeffery Ostapeic has been appointed the company's Chief Financial Officer. Mr. Ostapeic is a certified public accountant and served most recently as an audit partner with Grant Thornton LLP.

Goldberg to Resign from the Board of Directors of Appliance Recycling Centers of America Inc

On November 5, 2014, Appliance Recycling Centers of America Inc. announced that Goldberg resigned from the board of directors effective immediately, for personal reasons.

 

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