Appliance Recycling Centers of America, Inc. (ARCI)
|Product or Service||Major Household Appliance Retailing and Recycling|
|Application||Implements appliance recycling programs for utilities.|
Appliance Recycling Centers of America (ARCA) collects and recycles appliances for efficiency programs that are run by over 250 electric utilities and other customers. To date, ARCA has recycled over 3.5 million major household appliances and its recycling programs account for about one-quarter of the company’s revenues. ARCA also operates ApplianceSmart, Inc., which sells special-buy household appliances.
|8/9/2014||Appliance Recycling Centers of America issues a weak earnings report. Revenues are flat, but profits fall 10% and net income plunges 41%. ARCI drops 29% in two days on extremely large volume, wiping out any gains for the year.||Seeking Alpha|
|5/7/2014||Appliance Recycling Centers of America jumps 7% on positive earnings report. ARCI is up 68% in 12 months, but is still 56% below its highs of November 2011.||Wall Street article|
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