ARC Reports Growth in Overall Sales and Improvements in Gross Margin for Q2 2024 SAN RAMON, CA – (August 7, 2024) – ARC Document Solutions, Inc. (NYSE: ARC), a leading provider of digital printing and document-related services, today reported its financial results for the second quarter ended June 30, 2024. | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------|-------|---------------------------|----------|----------|-------|-------------------------|------- ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Framework to determine stimulation parameters for ONWARD ARC-EX Therapy are published in the journal Neuromodulation: Technology at the Neural Interface Peer-reviewed publication is based on results from the Up-LIFT and LIFT Home studies EINDHOVEN, the Netherlands, July 09, 2024 (GLOBE NEWSWIRE) -- ONWARD Medical N.V. (Euronext: ONWD), the medical technology company creating innovative spinal cord stimulation therapies to restore movement, function, and independence in people with spinal cord injury (SCI), ...

veeranggull orachon/iStock via Getty ImagesAll financial numbers in this article are in Canadian dollars unless noted otherwise. Introduction Over the past few months, I have written a lot of articles on energy companies. That's mainly based on my bullish view on oil and gas and the fact that energy companies have become highly attractive in a market with an overall lofty valuation. For example, on May 28, I wrote an article titled "My Favorites! 3 Highly Attractive Stocks For The Natural Gas-Fueled AI ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________ Large accelerated filer ☐ Accelerated filer ☒ Non-accelerated filer ☐ Smaller reporting company ☒ Emerging growth company ☐ Form 10-Q _______________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHAN ...

ARC Document Solutions, Inc. (NYSE:ARC) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants David Stickney - VP, IR Kumarakulasingam Suriyakumar - Chairman and CEO Dilantha Wijesuriya - President and COO Jorge Avalos - CFO Conference Call Participants Gregory Burns - Sidoti Company Glenn Primack - Lisa Investment Group Robert Maltbie - Singular Research Operator Thank you for standing by. My name is Pam, and I'll be your conference operator today. At this time, I'd like to welcome e ...

ARC Document Solutions (ARC) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this provider of document services to businesses would post earnings of $0.07 per share when it actually produced earnings of $0.05, delivering a surprise of -28.57%.O ...

Financial Performance - Net sales for Q1 2024 were $70.8 million, a 2.7% increase compared to $68.9 million in Q1 2023[4] - Net sales for Q1 2024 reached $70,792, an increase of 2.5% compared to $68,918 in Q1 2023[21] - Net income attributable to ARC increased to $2.5 million in Q1 2024, up from $1.9 million in Q1 2023, resulting in diluted earnings per share of $0.06[11] - Net income attributable to ARC Document Solutions, Inc. stockholders for Q1 2024 was $2,453, up 26.4% from $1,940 in Q1 2023[25] - Earnings per share attributable to ARC Document Solutions, Inc. stockholders were $0.06 for both basic and diluted shares in Q1 2024, compared to $0.05 and $0.04 respectively in Q1 2023[27] Sales Performance - Digital Printing sales rose by 3.3% year-over-year, driven by growth in digital color graphic printing, while MPS sales decreased by 2.3%[6][7] - Scanning and Digital Imaging sales surged by 23.4% year-over-year, reflecting increased demand for paper-to-digital conversions[7] Margins and Profitability - Gross margin decreased to 32.2% in Q1 2024 from 33.3% in Q1 2023, primarily due to inflationary pressures on labor and material costs[9] - Gross profit for Q1 2024 was $22,807, slightly down from $22,925 in Q1 2023, resulting in a gross margin of 32.2%[21] - Adjusted EBITDA for Q1 2024 was $8,552, a decrease of 1.8% compared to $8,713 in Q1 2023[24] Cash Flow and Capital Expenditures - Cash provided by operating activities was $3.7 million in Q1 2024, slightly down from $3.8 million in Q1 2023[12] - Cash and cash equivalents at the end of Q1 2024 were $52,029, down from $56,093 at the end of Q1 2023[22] - Capital expenditures increased to $3.1 million in Q1 2024, compared to $2.3 million in Q1 2023[2] - The company incurred capital expenditures of $3,075 in Q1 2024, up from $2,255 in Q1 2023, indicating increased investment in growth[22] Assets and Liabilities - Total current assets decreased to $107,271 in 2024 from $108,652 in 2023, primarily due to changes in accounts receivable and inventory[20] - Total liabilities decreased to $152,828 in 2024 from $154,399 in 2023, reflecting a reduction in current liabilities[20] Stock and Dividends - The company plans to continue purchasing its own stock in 2024, supported by cash flows in line with the prior year[3] - The next quarterly cash dividend of $0.05 will be paid on May 31, 2024[4] EBITDA and Adjusted Metrics - EBITDA is used to measure and compare the performance of operating divisions, calculated by dividing EBITDA by net sales[29] - Adjusted net income and adjusted EBITDA are presented to facilitate meaningful comparisons to historical performance, reflecting unique measures taken due to unprecedented market changes[31] - Adjusted EBITDA for the three months ended March 31, 2024, excludes stock-based compensation expense, calculated by dividing Adjusted EBITDA by net sales[33] - Limitations of EBITDA include not reflecting cash expenditures, working capital needs, and significant interest expenses[30] - The company believes that adjusted earnings per share for the three months ended March 31, 2024, helps investors understand operational results compared to the same period in 2023[32] - EBITDA and related ratios should not be considered as measures of discretionary cash available for business growth or debt reduction[31] - The adjustments made in the financial presentations are aimed at providing clarity on actual operating performance[32] - The company emphasizes that other companies may calculate EBITDA differently, which limits comparability[30] - The presentation of adjusted metrics is intended to assist investors in assessing financial performance and credit facility access[33] - The company relies primarily on GAAP results while using EBITDA and EBITDA margin as supplementary measures[31]

ARC Document Solutions, Inc. (NYSE:ARC) Q4 2023 Earnings Conference Call February 28, 2024 5:00 PM ET Company Participants David Stickney - VP, IR Kumarakulasingam Suriyakumar - Chairman & CEO Dilantha Wijesuriya - President & COO Jorge Avalos - CFO Conference Call Participants Gregory Burns - Sidoti & Company David Marsh - Singular Research Operator Good afternoon, everyone. Welcome to the ARC Document Solutions to report 2023 Fourth Quarter and Year End Results Conference Call. At this time, I would like ...

ARC Document Solutions (ARC) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -28.57%. A quarter ago, it was expected that this provider of document services to businesses would post earnings of $0.08 per share when it actually produced earnings of $0.07, delivering a surprise of -12.5 ...