ARC Document Solutions (ARC) Reports In-Line Q1 EPS
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ARC Document Solutions Reports Results for First Quarter 2016
May 3, 2016 4:07 PM EDTWALNUT CREEK, CA -- (Marketwired) -- 05/03/16 -- ARC Document Solutions, Inc. (NYSE: ARC), a leading document solutions provider to design, engineering, construction, and facilities management professionals, today reported its financial results for the first quarter ended March 31, 2016.
2016 First Quarter Business Highlights:
Net sales of $103.6 million vs. $104.3 million in 2015 Adjusted diluted earnings per share were $0.06 vs. $0.07 in 2015 Gross margin of 32.6% vs. 34.5% in 2015 due to quarterly increase in lower margin sales Cash flow from operations of $5.3 million despite $3 million negative impact compared to prior year from payroll timing... More