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APPLIANCE RECYCLING CENTERS OF AMERICA ANNOUNCES FIRST QUARTER EARNINGS

 APPLIANCE RECYCLING CENTERS OF AMERICA
 ANNOUNCES FIRST QUARTER EARNINGS
 MINNEAPOLIS, April 30 /PRNewswire/ -- Appliance Recycling Centers of America, Inc. (ARCA) (NASDAQ: ARCI), today announced its financial results for the first quarter ended March 31, 1992. Net revenues for the quarter were $1,899,000, up 77 percent from net revenues of $1,070,000 in the first quarter last year. Net income for the quarter was $8,000 or $.00 per share, compared to a loss of $4,000 or $.00 per share for the same period last year.
 "The first quarter was in line with our expectations. The appliance industry is traditionally affected by seasonality in the first and fourth quarters," commented Jack Cameron, president of ARCA. "We are anticipating a good second quarter based on the addition of our new center in Grand Rapids, Mich., which opened on March 1, and expected increase in activity at our existing centers. We believe that federal and state legislation affecting our business will support growth in the company in 1992."
 Appliance Recycling Centers of America, Inc. provides comprehensive appliance recycling services to major appliance generators. The focus of the company's business is the 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 FIRST QUARTER RESULTS
 Three Months Ended
 3/31/92 3/31/91
 Net sales $1,899,000 $1,070,000
 Cost of sales $1,082,000 $586,000
 Gross profit $817,000 $484,000
 Selling, general and
 administrative $796,000 $461,000
 Operating income $21,000 $23,000
 Net interest expense $10,000 $15,000
 Income before income taxes $11,000 $8,000
 Provision for income taxes $3,000 $12,000
 Net income $8,000 $(4,000)
 Earnings per share $0.00 $0.00
 Weighted average number of
 shares 3,778,000 3,132,000
 -0- 4/30/92
 /CONTACT: Edward R. (Jack) Cameron of ARCA, 612-331-1000/
 (ARCI) CO: ARCA ST: Minnesota IN: SU: ERN


MA -- MN005 -- 4847 04/30/92 10:53 EDT
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Publication:PR Newswire
Date:Apr 30, 1992
Words:340
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