Welcome to our dedicated page for ARC Document Solutions news (Ticker: ARC), a resource for investors and traders seeking the latest updates and insights on ARC Document Solutions stock.
ARC Document Solutions, Inc. (NYSE:ARC) is a global provider of technology and information management solutions specifically tailored for the architecture, engineering, and construction (AEC) industries. Renowned for its comprehensive service offerings, ARC excels in digital printing, managed print services (MPS), scanning and digital imaging, web-based document management applications, and equipment and supplies sales. The company operates through its extensive network of over 170 service centers worldwide, as well as providing onsite and cloud-based solutions.
ARC has garnered accolades from prestigious entities such as Forbes, Gartner, BERTL, and Océ, underscoring its commitment to innovation and excellence. The company's clientele includes some of the world's largest architecture and construction firms, benefiting from ARC's advanced digital printing technology and sustainable materials.
Recent achievements highlight ARC's robust financial performance and strategic initiatives to enhance shareholder value. Notably, ARC has expanded its share repurchase program to $20 million through March 2026, reflecting the company's confidence in its intrinsic value. The firm has also maintained a steady dividend payout, reinforcing its commitment to returning value to shareholders.
Key recent developments include:
- On June 26, 2023, ARC amended its credit agreement, allowing more favorable terms for restricted payments, including dividends and stock repurchases.
- On July 26, 2023, ARC's board declared a quarterly cash dividend of $0.05 per share, payable on November 30, 2023.
- Throughout 2023, ARC continued its stock repurchase activities, acquiring significant shares in open market transactions.
- On February 28, 2024, ARC reported financial results for the fourth quarter and full year 2023, noting a slight increase in net revenue for Q4.
- On May 6, 2024, ARC announced another quarterly dividend, payable on August 30, 2024, alongside its upcoming Q1 2024 financial results.
ARC's forward-looking statements, grounded in current management estimates, reflect its strategic focus and operational strength. With a commitment to innovative solutions and shareholder value, ARC Document Solutions continues to play a pivotal role in the AEC industry.
For more information, visit www.e-arc.com.
ARC Document Solutions (NYSE: ARC) has announced a conference call to discuss its 2023 first-quarter results, scheduled for May 3, 2023, at 2 PM Pacific Time (5 PM Eastern Time). The press release detailing the financial performance will be released prior to the call on the same day. Investors can join the call by dialing (888) 330-2446 or (240) 789-2732 for international calls, using conference code 6872020. A live webcast will be accessible via the company's investor relations website. ARC is known for its innovative digital printing services across various industries, utilizing sustainable materials and advanced technology to produce high-quality visuals.
ARC Document Solutions, Inc. (NYSE:ARC) reported its fourth quarter and full-year financial results for 2022, showing a slight decline in quarterly net sales to $68.8 million from $69.2 million in 2021. However, annual sales increased by 5.1% to $286 million. The company achieved a gross margin of 33.7% for the fourth quarter and 33.6% for the full year, aided by improved cost structures. Net income for Q4 was $2.1 million, while full-year net income rose to $11.1 million. Cash provided by operating activities reached $37.2 million for the year, with shareholder returns exceeding $10 million. Management expects continued growth in 2023.
ARC Document Solutions (NYSE:ARC) has declared a quarterly cash dividend of $0.05 per share. This dividend will be payable on May 31, 2023 to shareholders of record by April 28, 2023. The ex-dividend date is set for April 29, 2023. This announcement underscores ARC's commitment to returning value to its shareholders while continuing to partner with prominent brands using advanced digital printing technologies and sustainable practices across various industries.
SAN RAMON, CA / ACCESSWIRE / January 12, 2023 / ARC Document Solutions will hold a conference call on February 22, 2023, at 2 PM PT to discuss its 2022 fourth quarter and year-end results. A press release detailing the financial performance will be released before the call. Interested parties can access the call by dialing (888) 330-2446 or (240) 789-2732 for international callers, using conference code 6872020. A live webcast will also be available on the company's investor relations website.
ARC Document Solutions (NYSE:ARC) declared a quarterly cash dividend of $0.05 per share on December 8, 2022. This dividend is scheduled for payment on February 28, 2023, to shareholders of record as of January 31, 2023. The ex-dividend date is January 30, 2023.
ARC offers specialized digital printing and document imaging services worldwide, operating over 140 service centers in North America and select global locations.
ARC Document Solutions reported a 1.0% increase in net sales to $73.1 million for Q3 2022, driven by diversification and expansion in customer base. Earnings per share rose to $0.09, up from $0.07 in Q3 2021. Gross margin improved to 33.9% due to a new cost structure and reduced depreciation. Cash provided by operations was $14.9 million, up from $11.3 million year-over-year. Despite inflationary pressures, ARC projects fourth quarter sales of $70 million or more.
ARC Document Solutions (NYSE:ARC) will hold a conference call on November 2, 2022, at 2 PM PT to discuss its Q3 2022 results. The performance press release will precede the call. Participants may dial (888) 330-2446 for domestic access or (240) 789-2732 for international calls, using conference code 6872020. A live webcast will be available on the company’s investor relations site. ARC specializes in digital printing and document services across various industries.
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