SAN RAMON, CA / ACCESSWIRE / 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. Financial Highlights: Three Months Ended Six Months Ended June 30, June 30, (All dollar amounts in millions, except EPS) 2024 2023 2024 2023 Net sales $ 75.1 $ 72.4 $ 145.9 $ 141.3 Gross margin 35.1 % 34.8 % 33.7 % 34.0 % Net income attributable to ARC $ 3.2 $ 4.0 $ 5.6 $ 6.0 Adjusted net income attributable to ARC $ 3.3 $ 4.1 $ 5.9 $ 6.2 Earnings per share - diluted $ 0.07 $ 0.09 $ 0.13 $ 0.14 Adjusted earnings per share - diluted $ 0.08 $ 0.09 $ 0.14 $ 0.14 Cash provided by operating activities $ 6.4 $ 10.3 $ 10.1 $ 14.2 EBITDA $ 9.1 $ 10.6 $ 17.0 $ 18.8 Adjusted EBITDA $ 9.8 $ 11.1 $ 18.3 $ 19.8 Capital expenditures $ 3.8 $ 2.2 $ 6.9 $ 4.5 Debt & finance leases (including current) $ 59.9 $ 62.8 Management Commentary: "The execution of our strategic objectives were, once again, responsible for our success in the second quarter, despite uncertain business conditions caused by the high interest rates and the weakness in commercial construction due to excess supply," said Suri Suriyakumar, Chairman and CEO of ARC Document Solutions.
Aqua Metals Inc (NASDAQ:AQMS) told investors that the development of the company's first commercial-scale black mass recycling facility, the Sierra ARC, progressed during the second quarter. Notable work included the completion of a 5-megawatt upgrade of utility power, installation of switchgear, steel superstructures, equipment platform with two overhead cranes and the delivery of equipment, including tanks, evaporation systems, and control systems.
SAN RAMON, CA / ACCESSWIRE / August 1, 2024 / ARC Document Solutions, Inc. (NYSE:ARC) announced that its board of directors declared a quarterly cash dividend of $0.05 per share. The dividend is payable November 29, 2024, to shareholders of record as of October 31, 2024.
SAN RAMON, CA / ACCESSWIRE / July 18, 2024 / ARC Document Solutions, Inc. (NYSE:ARC) today announced that it will hold a conference call to discuss its 2024 second quarter results on Wednesday, August 7, 2024, at 2pm Pacific Time (5pm Eastern Time). The Company's press release outlining its performance for the second quarter will also be issued on the same day, prior to the conference call.
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SAN RAMON, CA / ACCESSWIRE / July 2, 2024 / The Special Committee of the Board of Directors of ARC Document Solutions, Inc. (the "Company") (NYSE:ARC), a leading provider of digital printing and document-related services, announced that it received a non-binding proposal on April 8, 2024 from the Company's Chairman and Chief Executive Officer, Kumarakulasingam Suriyakumar, outlining Mr. Suriyakumar's intent to explore and evaluate a potential acquisition of all of the outstanding shares of the Company not already owned by Mr.
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