ARC Document Solutions (ARC) Reports In-Line Q2 EPS, Trims FY EPS Guidance
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ARC Document Solutions Reports Results for Second Quarter 2016
August 2, 2016 4:05 PM EDTWALNUT CREEK, CA -- (Marketwired) -- 08/02/16 -- 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 second quarter ended June 30, 2016.
2016 Second Quarter Business Highlights:
Net sales of $103.8 million vs. $113.4 million in Q2 2015 Adjusted diluted earnings per share were $0.10 vs. $0.13 in Q2 2015 Gross margin of 35.1% vs. 36.0% in Q2 2015 due to lower sales volume Cash flow from operations of $16.6 million vs. $16.9 million in Q2 2015 Adjusted EBITDA of $18.1 million or 17.5%... More