Brean Capital Reiterates Buy on ARC Group Worldwide (ARCW) Following 4Q Report

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Go back to Brean Capital Reiterates Buy on ARC Group Worldwide (ARCW) Following 4Q Report

ARC Group Worldwide Reports Fiscal Year Fourth Quarter 2016 Results

September 9, 2016 7:00 AM EDT

DELAND, FL -- (Marketwired) -- 09/09/16 -- ARC Group Worldwide, Inc. ("ARC" and the "Company") (NASDAQ: ARCW), a leading global provider of advanced manufacturing and 3D printing solutions, today reported its fourth quarter and fiscal year 2016 (June 30, 2016) results.

Highlights for the quarter ended June 30, 2016, compared sequentially to the quarter ended March 27, 2016:

Sales of $27.8 million, an increase of 5.0%; Adjusted EBITDA of $3.4 million, inline with the prior sequential quarter; andNet loss increased to $0.8 million.

Fiscal Year Fourth Quarter... More