ARC Group Worldwide (ARCW) Misses Q4 EPS by 12c; Guides Q1

ARC Group Worldwide (NASDAQ: ARCW) reported Q4 EPS of $0.00, $0.12 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $23.7 million versus the consensus estimate of $22.39 million.

First Quarter 2015 Preview

Based on preliminary results for the first quarter ended September 28, 2014, ARC expects record sales of approximately $28 million, an increase of over 50% compared to the first fiscal quarter of 2014. The increase in sales is largely attributed to ARC’s recent acquisitions.

Jason Young, Chairman and CEO, commented, “We are pleased to report strong annual results. We believe our holistic strategy of combining additive and subtractive manufacturing, along with the implementation of technology in traditional manufacturing, will continue to position ARC as an ideal supplier to our customer base, while helping clients accelerate their speed-to-market.” Mr. Young further added, “On the heels of three record quarters, we are not surprised by the more modest organic sales results of the fourth quarter. Also, as we experienced with the Advance Forming Technologies ("AFT") acquisition, the first several quarters post acquisition tend to lag as we incur upfront costs and the combined companies implement procedures and processes geared towards long-term improvement. Now two years since the AFT acquisition, we have more than doubled EBITDA at those facilities.”

Mr. Young continued, “ARC’s fiscal 2012 total annual revenue was approximately $30 million. Two years later, we are approaching that level of revenue in only three months based on our preliminary 2015 fiscal first quarter results. As such, we remain convinced in our market opportunity, business model, and strategy.”

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

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