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APPLIANCE RECYCLING CENTERS OF AMERICA, INC. ANNOUNCES 1992 EARNINGS

 MINNEAPOLIS, Feb. 11 /PRNewswire/ -- Appliance Recycling Centers of America, Inc. (NASDAQ: ARCI) (ARCA) today announced its financial results for the year ended Dec. 31, 1992.
 Net revenues for the year were $15,109,000, up 103 percent from net revenues of $7,441,000 in the previous year. Net income for the year was $1,229,000, or $.32 per share, compared to $378,000, or $.12 per share, in 1991.
 Net revenues for the fourth quarter were $3,989,000, up 88 percent from net revenues of $2,119,000 in the fourth quarter last year. ARCA recognized net income of $88,000, or $.02 per share, in the fourth quarter of 1992 compared to a net loss of $50,000, or $.01 per share, for the same period last year.
 "Revenues and income for the fourth quarter were down from the second and third quarters of 1992 due to the seasonal nature of the business, but were significantly higher than for the fourth quarter last year," said Jack Cameron, president of ARCA. "Results for the 1992 fourth quarter were also affected by expenses incurred by the company to position itself for continued growth in 1993.
 "1992 was an extremely successful year for ARCA," said Cameron. "We added three major customers, further increasing the strength of our base operations. In addition, we installed the first large-scale facility in the United States for the recovery of chlorofluorocarbons (CFCs) from polyurethane foam insulation. We expect these developments to allow us to capitalize on opportunities in the emerging appliance recycling industry.
 "Looking ahead to the first quarter of 1993, we expect a $.10 to $.15 loss per share due to the normal seasonal drop in volume at our appliance recycling centers," Cameron said. "However, we expect to rebound during the second quarter, traditionally one of our stronger periods."
 Appliance Recycling Centers of America, Inc. provides comprehensive appliance recycling services throughout the United States and Canada. The focus of the company's business is large-scale collection and processing of unwanted major household appliances in an environmentally sound manner.
 APPLIANCE RECYCLING CENTERS OF AMERICA, INC.
 CONSOLIDATED STATEMENTS OF OPERATIONS
 Three Months Ended 12 Months Ended
 12/31/92 12/31/91 12/31/92 12/31/91
 Net revenues $3,989,000 $2,119,000 $15,109,000 $7,441,000
 Cost of revenues 2,566,000 1,218,000 8,059,000 3,820,000
 Gross profit 1,423,000 901,000 7,050,000 3,621,000
 Selling, general and
 administrative 1,259,000 971,000 4,875,000 2,896,000
 Operating income 164,000 (70,000) 2,175,000 725,000
 Interest income 20,000 18,000 63,000 24,000
 Interest expense (61,000) (41,000) (169,000) (122,000)
 Income before income
 taxes 123,000 (93,000) 2,069,000 627,000
 Provision for income
 taxes 35,000 (43,000) 840,000 249,000
 Net income $88,000 $(50,000) $1,229,000 $378,000
 Earnings per share $.02 $(.01) $.32 $.12
 Weighted average number
 of shares 3,806,000 3,491,000 3,788,000 3,211,000
 -0- 2/11/93
 /CONTACT: Edward R. (Jack) Cameron of ARCA, 612-331-1000/
 (ARCI)


CO: Appliance Recycling Centers of America, Inc. ST: Minnesota IN: SU: ERN

KH -- MN036 -- 5752 02/11/93 13:30 EST
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Date:Feb 11, 1993
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