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ARC Document Solutions (NYSE: ARC) provides essential news and updates for stakeholders tracking developments in digital printing and document management solutions. This centralized resource aggregates official press releases, financial announcements, and strategic updates from the leader in architecture/construction sector document services.
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Key updates include corporate announcements, partnership developments, equipment launches, and service expansions. Bookmark this page for direct access to ARC's evolving story in digital document solutions, featuring actionable insights for informed decision-making in the AEC sector.
ARC Document Solutions announced its Q1 2021 results, reporting net sales of $61.7 million, down 30.2% from $88.4 million in Q1 2020. Gross margin decreased to 30.4% from 31.2%, while net income rose slightly to $0.8 million compared to $0.7 million in the previous year. EBITDA was $8.4 million, down from $10.9 million, attributed primarily to pandemic-related impacts. Cost-saving measures resulted in a 30.2% reduction in SG&A expenses. The company is refraining from issuing a 2021 forecast due to ongoing economic uncertainty.
SAN RAMON, CA / ACCESSWIRE / April 30, 2021 / ARC Document Solutions, Inc. (NYSE:ARC) has declared a quarterly cash dividend of $0.02 per share. This dividend will be payable on August 31, 2021 to shareholders of record as of July 30, 2021, with the ex-dividend date set for July 29, 2021. This announcement marks the third of four planned quarterly dividends for 2021, initially announced on December 10, 2020.
ARC Document Solutions (NYSE:ARC) has secured a new five-year revolving line of credit worth $70 million, replacing its previous credit agreement from November 2014. The agreement allows for restricted payments, including share repurchases and dividends, up to $15 million per year. ARC's interest rate starts at LIBOR plus 150 basis points, adjusted quarterly based on its total leverage ratio. This new credit facility is designed to reinforce ARC's capital structure and support shareholder value through growth opportunities until April 2026.
ARC Document Solutions will hold a conference call on May 4, 2021, at 2 P.M. PT to discuss its first quarter 2021 results. The press release will be available after market close on the same day. To join, use phone numbers (833) 968-2212 for domestic callers and (778) 560-2897 for international. The conference code is 9468408. A live webcast will also be accessible on the investor relations page of the ARC website, with a replay offered post-call.
ARC Document Solutions (NYSE:ARC) reported Q4 and full year 2020 results, highlighting a 30.3% decline in net sales for the fourth quarter, totaling $64.3 million, compared to $92.3 million in Q4 2019. Full-year net sales decreased 24.3% to $289.5 million from $382.4 million in 2019. Despite these declines, net income increased to $1.3 million in Q4 and $6.2 million for the year. The company maintained a gross margin of 32.1% and resumed dividends while reducing debt. Cash and cash equivalents at year-end stood at $55 million.
ARC Document Solutions (NYSE:ARC) has announced a quarterly cash dividend of $0.02 per share, marking a 100% increase from the previous amount. This dividend is payable on May 31, 2021, to shareholders of record as of April 30, 2021, with an ex-dividend date of April 29, 2021. This represents the second of four planned quarterly dividends for 2021. The company's board also extended its share repurchase authorization by an additional $15 million, with approximately $10 million still available for buybacks.
ARC Document Solutions (NYSE:ARC) has announced a conference call on February 23, 2021, at 2 PM PT to discuss its Q4 and fiscal year-end 2020 results. The call will be accessible via dial-in or a live webcast on their investor relations page. A replay will be available afterwards. Additionally, ARC has resumed its cash dividend program, declaring a dividend of $0.01 per share, payable on February 26, 2021, to shareholders of record as of January 29, 2021.
ARC Document Solutions, Inc. (NYSE:ARC) announced the recommencement of its cash dividend program after a suspension due to the COVID-19 pandemic. The Board of Directors has authorized a quarterly cash dividend of one cent per share, payable on February 26, 2021, to shareholders of record as of January 29, 2021. CEO Suri Suriyakumar expressed confidence in sustaining this program and the company's share repurchase strategy, emphasizing the focus on delivering value to shareholders.
ARC Document Solutions (NYSE:ARC) anticipates significant growth for Q3 2020, expecting revenue over $70 million and adjusted EBITDA exceeding $12 million. Due to strong cash flow, the company plans to reinstate its dividend of $0.04 per share and resume stock buybacks. CEO Suri Suriyakumar expressed confidence in the company’s position to leverage market trends in digital print and graphics. A detailed earnings report will be released on November 4, 2020.
ARC Document Solutions (NYSE:ARC) will host a conference call on November 4, 2020, at 2 P.M. PT to discuss its third quarter 2020 results. The related press release will be issued after the market closes. Participants can dial in at (833) 968-2212 or (778) 560-2897 for international callers, using conference code 6392324. A live webcast will also be available on ARC's investor relations page. A replay will be accessible after the call.
