Arc reports growth in overall sales and earnings for q1 2024

San ramon, ca / accesswire / may 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 first quarter ended march 31, 2024. financial highlights: three months ended march 31, (all dollar amounts in millions, except eps) 2024 2023 net sales $ 70.8 $ 68.9 gross margin 32.2 % 33.3 % net income attributable to arc $ 2.5 $ 1.9 adjusted net income attributable to arc $ 2.6 $ 2.2 earnings per share - diluted $ 0.06 $ 0.04 adjusted earnings per share - diluted $ 0.06 $ 0.05 cash provided by operating activities $ 3.7 $ 3.8 ebitda $ 7.9 $ 8.2 adjusted ebitda $ 8.6 $ 8.7 capital expenditures $ 3.1 $ 2.3 debt & finance leases (including current) $ 60.7 $ 64.8 management commentary: "arc's business transformation remains on track," said suri suriyakumar, chairman and ceo of arc.
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