Arc reports $71 million in overall sales with continuing strength in strategic services
San ramon, ca / accesswire / november 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 third quarter ended september 30, 2023. financial highlights: three months ended nine months ended september 30, september 30, (all dollar amounts in millions, except eps) 2023 2022 2023 2022 net sales $ 71.1 $ 73.1 $ 212.3 $ 217.2 gross margin 34.0 % 33.9 % 34.0 % 33.5 % net income attributable to arc $ 3.2 $ 3.7 $ 9.1 $ 9.0 adjusted net income attributable to arc $ 3.2 $ 3.7 $ 9.4 $ 9.4 earnings per share - diluted $ 0.07 $ 0.09 $ 0.21 $ 0.21 adjusted earnings per share - diluted $ 0.07 $ 0.09 $ 0.22 $ 0.22 cash provided by operating activities $ 8.7 $ 14.9 $ 22.9 $ 26.4 ebitda $ 9.4 $ 10.8 $ 28.2 $ 30.3 adjusted ebitda $ 10.0 $ 11.2 $ 29.8 $ 31.6 capital expenditures $ 3.2 $ 1.6 $ 7.7 $ 4.3 debt & finance leases (including current) $ 62.2 $ 68.8 management commentary: "our strategic services posted healthy sales growth as new customers continued to invest in visual communications and demand for scanning came from every industry we serve," said suri suriyakumar, ceo of arc document solutions.
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