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Article: Appliance Recycling Centers of America Reports Third Quarter Operating Results.

Article from:
PR Newswire
Article date:
November 9, 2009
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MINNEAPOLIS, Nov. 9 /PRNewswire-FirstCall/ -- Appliance Recycling Centers of America, Inc. today reported operating results for the third quarter ended October 3, 2009. 

 
  Highlights of the third quarter included: 
  --  Return to profitability in tight economic conditions. 
  --  Sale-leaseback of St. Louis Park facility providing $2.0 million cash. 
  --  Closing of one underperforming ApplianceSmart Factory Outlet and 
  non-renewal of one retail lease. 
 
  --  Entered into a recycling agreement with General Electric in October 
  2009.

Total revenues for the third quarter of 2009 decreased 11.6% to $26.0 million from $29.4 million in the ...

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