ARC Group Worldwide (ARCW) Reports In-Line Q3 EPS

ARC Group Worldwide (NASDAQ: ARCW) reported Q3 EPS of ($0.01), in-line with the analyst estimate of ($0.01). Revenue for the quarter came in at $26.5 million versus the consensus estimate of $26.06 million.

Jason Young, CEO, commented, "Macro headwinds remain, but we are encouraged by our second sequentially positive quarter in terms of sales, gross profit, Adjusted EBITDA, and related margins. While still in its early stages, our new sales leadership and customer-centric approach is building momentum. Relatedly, improving speed to market is paramount to our customers and therefore, to our strategy. We continue to believe that along with lean manufacturing, improved tooling speed, and automation, there are a number of ways we can continue to accelerate speed to market from prototype to production. Lastly, we have a strong pipeline in metal 3D printing and plan to continue to invest in growing our capabilities at 3DMT."

For earnings history and earnings-related data on ARC Group Worldwide (ARCW) click here.

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