Arc reports increase in eps and cash flow from operations on q2 sales of $72.4 million
San ramon, ca / accesswire / august 2, 2023 / 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, 2023. financial highlights: three months ended six months ended june 30, june 30, (all dollar amounts in millions, except eps) 2023 2022 2023 2022 net sales $ 72.4 $ 74.6 $ 141.3 $ 144.1 gross margin 34.8% 34.2% 34.0% 33.3% net income attributable to arc $ 4.0 $ 3.3 $ 6.0 $ 5.2 adjusted net income attributable to arc $ 4.1 $ 3.7 $ 6.2 $ 5.7 earnings per share - diluted $ 0.09 $ 0.08 $ 0.14 $ 0.12 adjusted earnings per share - diluted $ 0.09 $ 0.08 $ 0.14 $ 0.13 cash provided by operating activities $ 10.3 $ 8.6 $ 14.2 $ 11.5 ebitda $ 10.6 $ 10.9 $ 18.8 $ 19.5 adjusted ebitda $ 11.1 $ 11.3 $ 19.8 $ 20.4 capital expenditures $ 2.2 $ 1.4 $ 4.5 $ 2.7 debt & finance leases (including current) $ 62.8 $ 72.1 management commentary: "today, i am happy to report a strong quarter in terms of net earnings despite the softening of overall sales due to market conditions," said suri suriyakumar, chairman and ceo of arc.
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