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ARC Document Solutions, Inc. reported growth in overall sales and earnings for Q1 2024. Net sales increased to $70.8 million, gross margin declined slightly to 32.2%, net income attributable to ARC rose to $2.5 million, and adjusted net income increased to $2.6 million. Earnings per share - diluted improved to $0.06, adjusted to $0.06. Cash provided by operating activities was $3.7 million, EBITDA was $7.9 million, and adjusted EBITDA was $8.6 million. Despite challenges like inflationary pressures and lower gross margin, ARC's strategic focus and investments drove sales growth.
ARC Document Solutions, Inc. (NYSE:ARC) has declared a quarterly cash dividend of $0.05 per share payable on August 30, 2024, to shareholders of record as of July 31, 2024. The ex-dividend date is July 30, 2024. ARC will hold a conference call on May 7, 2024, to discuss its first quarter 2024 results.