trending Market Intelligence /marketintelligence/en/news-insights/trending/9Up6vGYib9q1rNaTs6cN9Q2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Appliance Recycling Centers of America fiscal Q1 loss narrows YOY

Blog

What's on the Horizon for the Cruise Hotel Resorts Sector

Blog

Message in a (Word)Cloud

Six trends shaping the industries and sectors we cover in 2021

Six trends shaping the industries and sectors we cover in 2021


Appliance Recycling Centers of America fiscal Q1 loss narrows YOY

Appliance Recycling Centers of America Inc. said its normalized net income for the fiscal first quarter ended April 2 came to a loss of 7 cents per share, compared with a loss of 22 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $414,750, compared with a loss of $1.3 million in the year-earlier period.

The normalized profit margin increased to negative 1.6% from negative 4.6% in the year-earlier period.

Total revenue declined 8.0% year over year to $25.3 million from $27.5 million, and total operating expenses declined 11.5% from the prior-year period to $26.1 million from $29.5 million.

Reported net income totaled a loss of $472,080, or a loss of 8 cents per share, compared to a loss of $1.7 million, or a loss of 29 cents per share, in the year-earlier period.