Minneapolis, MN, Nov. 21, 2016 (GLOBE NEWSWIRE) -- Minneapolis, MN-November 21, 2016-Appliance Recycling Centers of America, Inc. (NASDAQ: ARCI), (the "Company" or "ARCA"), serves as a conduit for utilities and appliance manufacturers to the end customer by recycling, replacing, and selling major household appliances in North America. We are committed to energy efficiency programs and appliances and have been a pioneer in appliance recycling. On November 15, 2016 we reported profitable results for the third quarter ended October 1, 2016. ARCA recorded net income of $1.1 million for the quarter ended October 1, 2016 as compared to a net loss of $0.8 million for the quarter ended October 3, 2015. This represents our first net income since the 2 nd Quarter 2015 when the commodity markets were starting to collapse and we faced the loss of some recycling and replacement programs. For the nine months ended October 1, 2016, we reduced our loss 24% to $1.4 million compared to a loss of $1.9 million for the nine months ended October 3, 2015. This improvement in operating performance is largely due to the sale of the carbon offset credits, new collection programs, price increases, cost reduction strategies and the continued stabilization of the commodity markets. For the three months ended October 1, 2016, net sales declined 2.7% or $0.7 million compared to the three months ended October 3, 2015. Retail sales declined $1.2 million for the three months ended October 1, 2016 compared to the same period in 2015, reflecting price competition among major big box retailers. The largest decrease came from our replacement programs which were down $3.4 million as some contracts were delayed or ended. This was offset by an increase of $2.4 million for collected recycled programs commenced during the quarter. The number of customers invoiced in our recycling segment for the quarter ended October 1, 2016 was 48 compared to 21 in the three months ended October 3, 2015. Our by-product revenue was up $1.5 million for the three months ended October 1, 2016 compared to the same period in 2015 which was led by $1.7 million payment received from carbon offset credits further reduced by lower scrap prices for the quarter.