Appliance Recycling Centers of America, Inc.
7400 Excelsior Boulevard, Minneapolis MN 55426 (952) 930-9000
For Immediate Release
For information contact:
Edward R. (Jack) Cameron, CEO
Peter Hausback, CFO
Richard G. Cinquina
Equity Market Partners
Appliance Recycling Centers of America Reports Record Fourth Quarter
And Full-Year 2007 Operating Results
Minneapolis, MN—March 13, 2008—Appliance Recycling Centers of America, Inc. (Nasdaq:
ARCI) today reported results for the fourth quarter and full year ended December 29, 2007.
Financial highlights for the fourth quarter of 2007 versus the year-earlier period include:
Total revenues increased 55% to $30.9 million.
ApplianceSmart same-store sales increased 9%.
Recycling revenues quadrupled, rising to $10.9 million.
Net income was $771,000 or $.17 per share, compared to the net loss of $291,000 or
($0.07) per share in the prior year’s quarter.
Fourth Quarter Financial Review
Total revenue for the fourth quarter of 2007 increased 55% to $30,881,000 from $19,930,000 in
the fourth quarter of 2006. ARCA also reported net income of $771,000 or $0.17 per share for this
period, a significant improvement from the net loss of $291,000 or ($0.07) per share in the fourth
quarter of 2006.
Same-store sales of the 13 ApplianceSmart factory outlets that were open during the complete
fourth quarters of 2007 and 2006 increased a strong 9%, while total retail sales rose 13% to
$18,922,000 for the fourth quarter of 2007, reflecting the positive impact of newer factory outlets.
ApplianceSmart closed its small factory outlet in Compton, California, in October to enable this
facility to better focus on its appliance recycling operation. In December, ApplianceSmart’s fourth
factory outlet was opened in the Columbus, Ohio, market, which became the fifteenth store