ARC Document Solutions

ARC Document Solutions, Inc. engages in the provision of document solutions to design, engineering, construction, and facilities management professionals. It offers managed print services (MPS), offsite services, archive and information management (AIM), specialized color printing, web-based document management applications, and equipment and supplies sales. The company was founded by Sathiyamurthy Chandramohan and Kumarakulasingam Suriyakumar in 1988 and is headquartered in San Ramon, CA.

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ARC Document Solutions reports robust 2022 performance and eyes growth opportunities

ARC Document Solutions' Q4 2022 earnings call highlighted strong financial performance, successful sales growth, and strategic initiatives for continued growth. While challenges in revenue diversification and market expansion exist, the company is well-positioned to capitalize on opportunities in 2023.

ARC Document Solutions reports profitability growth amidst market challenges

ARC Document Solutions navigated market challenges with a focus on profitability improvement and shareholder value enhancement.
Despite a revenue decline, the company showcased strengths in key service areas and outlined plans for growth in 2023.
Opportunities in digital printing, color graphics work, and shareholder value enhancement through dividends and buybacks were emphasized.

ARC Document Solutions reports strong Q2 earnings amidst market challenges

ARC Document Solutions navigated market challenges in Q2 2023 with a focus on profitability and strategic growth areas. Despite a decline in overall sales, the company's emphasis on digital color printing and scanning, along with lead conversion improvements, positions it well for future sales growth and shareholder value creation.

ARC Document Solutions shows resilience amidst sales drop, eyes growth

ARC Document Solutions navigated challenges in Q3 2023 with resilience, focusing on strategic business lines and cost control measures.
While facing declines in certain segments, the company maintained strong margins, earnings, and cash flows, showcasing operational stability.
Opportunities for growth exist in leveraging digital services, diversifying revenue streams, and optimizing capital allocation strategies.
Efforts to enhance production management and control costs have positioned ARC well for future profitability and shareholder value creation.

ARC Document Solutions reports resilient Q4 performance and eyes growth opportunities

ARC Document Solutions navigated challenges in legacy business lines by leveraging growth in document scanning and digital color services, showcasing resilience and strategic foresight. The company's financial performance remained stable, with a focus on cost management, shareholder returns, and improving liquidity. Despite industry-specific challenges, ARC's strategic investments and market positioning bode well for future growth and value creation.

ARC Document Solutions reports revenue growth in key services amidst challenges

ARC Document Solutions delivered a mixed performance in Q1 2024, with revenue growth in key services offset by challenges in equipment sales and margin pressures. Despite these hurdles, the company maintained a strong financial position and is poised to leverage opportunities in document services and operational enhancements.

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SAN RAMON, CA / ACCESSWIRE / February 28, 2024 / ARC Document Solutions, Inc. (NYSE:ARC), a leading provider of digital printing and document-related services, today reported its financial results for the fourth quarter and full year ended December 31, 2023. Financial Highlights: Three Months Ended Twelve Months Ended December 31, December 31, (All dollar amounts in millions, except EPS) 2023 2022 2023 2022 Net sales $ 68.9 $ 68.8 $ 281.2 $ 286.0 Gross margin 32.2 % 33.7 % 33.6 % 33.6 % Net (loss) income attributable to ARC $ (0.9 ) $ 2.1 $ 8.2 $ 11.1 Adjusted net income attributable to ARC $ 2.4 $ 2.6 $ 11.8 $ 12.0 (Loss) Earnings per share - Diluted $ (0.02 ) $ 0.05 $ 0.19 $ 0.26 Adjusted earnings per share - Diluted $ 0.05 $ 0.06 $ 0.27 $ 0.28 Cash provided by operating activities $ 13.7 $ 10.8 $ 36.6 $ 37.2 EBITDA $ 3.7 $ 8.9 $ 31.9 $ 39.1 Adjusted EBITDA $ 8.3 $ 9.3 $ 38.1 $ 40.9 Capital expenditures $ 3.0 $ 1.6 $ 10.8 $ 5.9 Debt & finance leases (including current) $ 62.2 $ 66.5 Management Commentary "In a year where interest rates constrained capital spending and sentiment was mixed on the health of the economy, our ability to adapt and manage costs drove an increase in fourth quarter revenue, limited declines in annual revenue to less than two percent, and held gross margins steady for the year," said Suri Suriyakumar, CEO of ARC Document Solutions.

ARC Reports Continuing Expansion of Strategic Services in Fourth Quarter and Full Year 2023

SAN RAMON, CA / ACCESSWIRE / February 8, 2024 / ARC Document Solutions, Inc. (NYSE:ARC) today announced that it will hold a conference call to discuss its 2023 fourth quarter and fiscal year-end results on Wednesday, February 28, 2024, at 2pm Pacific Time (5pm Eastern Time). The Company's press release outlining the performance for the fourth quarter and fiscal year 2023 will also be issued on the same day, prior to the conference call.

ARC Document Solutions to Report 2023 Fourth Quarter and Fiscal Year-End Results on February 28, 2024

ARC Document Solutions has lost over 13% of its value in the past 3.5 months due to sluggishness in the plain paper printing segment. The company's dividend yield is currently at 6.9%, but the dividend payout ratio is entering 'dangerous' territory. The lack of top-line growth in ARC is causing concern in the market, and shares continue to be only recommended as a hold.

ARC Document Solutions: Sluggish Top-Line Growth Taking Its Toll On Share Price

ARC Document Solutions' (NYSE:ARC ) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants David Stickney - Vice President of Investor Relations Kumarakulasingam Suriyakumar - Chairman and CEO Dilantha Wijesuriya - President and COO Jorge Avalos - CFO Conference Call Participants Gregory Burns - Sidoti & Company David Marsh - Singular Research Operator Good day. My name is Jordan, and I'll be your conference operator today.

ARC Document Solutions' (ARC) Q3 2023 Earnings Call Transcript

SAN RAMON, CA / ACCESSWIRE / November 2, 2023 / ARC Document Solutions, Inc. (NYSE:ARC), a leading provider of digital printing and document-related services, today reported its financial results for the third quarter ended September 30, 2023. Financial Highlights: Three Months Ended Nine Months Ended September 30, September 30, (All dollar amounts in millions, except EPS) 2023 2022 2023 2022 Net sales $ 71.1 $ 73.1 $ 212.3 $ 217.2 Gross margin 34.0 % 33.9 % 34.0 % 33.5 % Net income attributable to ARC $ 3.2 $ 3.7 $ 9.1 $ 9.0 Adjusted net income attributable to ARC $ 3.2 $ 3.7 $ 9.4 $ 9.4 Earnings per share - Diluted $ 0.07 $ 0.09 $ 0.21 $ 0.21 Adjusted earnings per share - Diluted $ 0.07 $ 0.09 $ 0.22 $ 0.22 Cash provided by operating activities $ 8.7 $ 14.9 $ 22.9 $ 26.4 EBITDA $ 9.4 $ 10.8 $ 28.2 $ 30.3 Adjusted EBITDA $ 10.0 $ 11.2 $ 29.8 $ 31.6 Capital expenditures $ 3.2 $ 1.6 $ 7.7 $ 4.3 Debt & finance leases (including current) $ 62.2 $ 68.8 Management Commentary: "Our strategic services posted healthy sales growth as new customers continued to invest in visual communications and demand for scanning came from every industry we serve," said Suri Suriyakumar, CEO of ARC Document Solutions.

ARC Reports $71 Million in Overall Sales with Continuing Strength in Strategic Services

SAN RAMON, CA / ACCESSWIRE / October 5, 2023 / ARC Document Solutions, Inc. (NYSE:ARC) today announced that it will hold a conference call to discuss its 2023 third quarter results on Thursday, November 2, 2023, at 2pm Pacific Time (5pm Eastern Time). The Company's press release outlining the quarter's performance will also be issued on the same day, prior to the conference call.

ARC Document Solutions to Report Q3 Results on Nov 2, 2023; Dividend to be Paid on Nov 30

SAN RAMON, CA / ACCESSWIRE / September 28, 2023 / ARC Document Solutions, Inc. (NYSE:ARC), a leading provider of visual marketing, digital printing, and document workflow services, today announced that it purchased 303,174 shares of its own stock via open market transactions during the third quarter of 2023. As noted earlier this year in April, ARC's Board of Directors authorized the expansion of the Company's previous $15 million share repurchase program to $20 million through March 2026 to support ARC's commitment to return shareholder value.

ARC Continues Stock Repurchases in Q3 of 2023

ARC Document Solutions, Inc. (NYSE:ARC ) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants David Stickney - VP, Corporate Communications & IR Suri Suriyakumar - Chairman & CEO Dilantha Wijesuriya - President & COO Jorge Avalos - CFO Conference Call Participants Gregory Burns - Sidoti & Company David Marsh - Singular Research Glenn Primack - Lisa Investment Group Operator Good afternoon. My name is Abby, and I will be your conference operator today.

ARC Document Solutions, Inc. (ARC) Q2 2023 Earnings Call Transcript

ARC Document Solutions (ARC) came out with quarterly earnings of $0.09 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.08 per share a year ago.

ARC Document Solutions (ARC) Matches Q2 Earnings Estimates

SAN RAMON, CA / ACCESSWIRE / August 2, 2023 / ARC Document Solutions, Inc. (NYSE:ARC), a leading provider of digital printing and document-related services, today reported its financial results for the second quarter ended June 30, 2023. Financial Highlights: Three Months Ended Six Months Ended June 30, June 30, (All dollar amounts in millions, except EPS) 2023 2022 2023 2022 Net sales $ 72.4 $ 74.6 $ 141.3 $ 144.1 Gross margin 34.8% 34.2% 34.0% 33.3% Net income attributable to ARC $ 4.0 $ 3.3 $ 6.0 $ 5.2 Adjusted net income attributable to ARC $ 4.1 $ 3.7 $ 6.2 $ 5.7 Earnings per share - Diluted $ 0.09 $ 0.08 $ 0.14 $ 0.12 Adjusted earnings per share - Diluted $ 0.09 $ 0.08 $ 0.14 $ 0.13 Cash provided by operating activities $ 10.3 $ 8.6 $ 14.2 $ 11.5 EBITDA $ 10.6 $ 10.9 $ 18.8 $ 19.5 Adjusted EBITDA $ 11.1 $ 11.3 $ 19.8 $ 20.4 Capital expenditures $ 2.2 $ 1.4 $ 4.5 $ 2.7 Debt & finance leases (including current) $ 62.8 $ 72.1 Management Commentary: "Today, I am happy to report a strong quarter in terms of net earnings despite the softening of overall sales due to market conditions," said Suri Suriyakumar, Chairman and CEO of ARC.

ARC Reports Increase in EPS and Cash Flow from Operations on Q2 Sales of $72.4 Million

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SAN RAMON, CA / ACCESSWIRE / July 12, 2023 / ARC Document Solutions, Inc. (NYSE:ARC) today announced that it will hold a conference call to discuss its 2023 second quarter results on Wednesday, August 2, 2023, at 2pm Pacific Time (5pm Eastern Time). The Company's press release outlining the quarter's performance will also be issued on the same day, prior to the conference call.

ARC Document Solutions to Report Second Quarter Results on August 2, 2023

SAN RAMON, CA / ACCESSWIRE / June 26, 2023 / ARC Document Solutions, Inc. (NYSE:ARC), a leading provider of visual marketing, digital printing, and document workflow services, today announced that it has entered into an amendment to its credit agreement that increases the amount of restricted payments the company can make and exclude from its fixed charge coverage ratio. Such restricted payments include the use of cash for issuing dividends and repurchasing company stock.

ARC Receives Improved Terms in Credit Agreement Amendment and Repurchases 506,403 Shares of the Company's Common Stock

SAN RAMON, CA / ACCESSWIRE / June 20, 2023 / ARC Document Solutions, Inc. (NYSE:ARC) today announced that Dilo Wijesuriya, President and COO, and Jorge Avalos, CFO, will participate in the virtual East Coast IDEAS Investor Conference on Thursday, June 22, 2023. ARC's presentation is scheduled to be available at 6:00 am ET on June 21st and will be accessible through the conference site at www.IDEASconferences.com.

ARC Document Solutions to Present and Host Investor Meetings at East Coast IDEAS Investor Conference on Thursday, June 22nd

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Presentation to focus on sales and profitability growth and reiterates extension of company's stock repurchase program. SAN RAMON, CA / ACCESSWIRE / May 9, 2023 / ARC Document Solutions, Inc. (NYSE:ARC), a leading provider of visual marketing, digital printing and document workflow services, today announced that the Dilo Wijesuriya, the company's President & COO, and Jorge Avalos, ARC's CFO, will present and host one-on-one meetings with investors at the Sidoti May Virtual Investor Conference, taking place on May 10-11, 2023.

ARC to Present at Sidoti's Virtual Investor Conference May 10-11

ARC Document Solutions, Inc. (ARC) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET Corporate Participants David Stickney - Vice President, Investor Relations Suri Suriyakumar - Chairman and Chief Executive Officer Dilo Wijesuriya - Chief Operating Officer Jorge Avalos - Chief Financial Officer Conference Call Participants Greg Burns - Sidoti & Company David Marsh - Singular Research Operator Ladies and gentlemen, thank you for standing by, and welcome to the ARC Q1 2023 Earnings Report Call. I would now like to turn the call over to David Stickney, Vice President of Investor Relations.

ARC Document Solutions, Inc. (ARC) Q1 2023 Earnings Call Transcript

ARC Document Solutions (ARC) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.05 per share a year ago.

ARC Document Solutions (ARC) Lags Q1 Earnings and Revenue Estimates

SAN RAMON, CA / ACCESSWIRE / May 3, 2023 / ARC Document Solutions, Inc. (NYSE:ARC), a leading provider of digital printing and document-related services, today reported its financial results for the first quarter ended March 31, 2023. Financial Highlights: Three Months Ended March 31, (All dollar amounts in millions, except EPS) 2023 2022 Net sales $ 68.9 $ 69.5 Gross margin 33.3 % 32.3 % Net income attributable to ARC $ 1.9 $ 2.0 Adjusted net income attributable to ARC $ 2.2 $ 2.0 Earnings per share - Diluted $ 0.04 $ 0.05 Adjusted earnings per share - Diluted $ 0.05 $ 0.05 Cash provided by operating activities $ 3.8 $ 2.9 EBITDA $ 8.2 $ 8.6 Adjusted EBITDA $ 8.7 $ 9.1 Capital expenditures $ 2.3 $ 1.2 Debt & finance leases (including current) $ 64.8 $ 74.7 Management Commentary: "We are happy to report that our first quarter results are in line with our expectations," said Suri Suriyakumar, Chairman and CEO of ARC.

ARC Reports Improvements in Profitability and Cash Flow from Operations on Q1 Sales of $68.9 Million

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is ARC Document Solutions (ARC) a Great Value Stock Right Now?

SAN RAMON, CA / ACCESSWIRE / April 10, 2023 / ARC Document Solutions, Inc. (NYSE:ARC) today announced that it will hold a conference call to discuss its 2023 first quarter results on Wednesday, May 3, 2023, at 2pm Pacific Time (5 P.M. Eastern Time).

ARC Document Solutions to Report First Quarter Results on May 3, 2023

ARC Document Solutions provides digital printing and document-related services to customers in a growing variety of industries. The slow decline in its legacy business forced the company to be financially disciplined, dramatically reducing its net financial debt from 2009 to 2020.

ARC Document Solutions: After Many Years Paying Off Debt, It Is Time To Enjoy The Reward

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ARC Document Solutions, Inc. (NYSE:ARC ) Q4 2022 Earnings Conference Call February 22, 2023 5:00 PM ET Company Participants David Stickney - Vice President, Corporate Communications & Investor Relations Suri Suriyakumar - Chief Executive Officer & Chairman Dilo Wijesuriya - President & Chief Operating Officer Jorge Avalos - Chief Financial Officer Conference Call Participants Greg Burns - Sidoti & Company Operator Good day, everyone, and welcome to the ARC Document Solutions 2022 Year-End and Q4 Earnings Conference Call. At this time, I would like to hand things over to Mr.

ARC Document Solutions, Inc. (ARC) Q4 2022 Earnings Call Transcript

SAN RAMON, CA / ACCESSWIRE / February 22, 2023 / ARC Document Solutions, Inc. (NYSE:ARC), a leading provider of digital printing and document-related services, today reported its financial results for the fourth quarter and full year ended December 31, 2022. Financial Highlights: Three Months Ended Twelve Months Ended December 31, December 31, (All dollar amounts in millions, except EPS) 2022 2021 2022 2021 Net Sales $ 68.8 $ 69.2 $ 286.0 $ 272.2 Gross Margin 33.7 % 32.2 % 33.6 % 32.2 % Net income attributable to ARC $ 2.1 $ 2.6 $ 11.1 $ 9.1 Adjusted net income attributable to ARC $ 2.6 $ 2.7 $ 12.0 $ 9.5 Earnings per share - Diluted $ 0.05 $ 0.06 $ 0.26 $ 0.21 Adjusted earnings per share - Diluted $ 0.06 $ 0.06 $ 0.28 $ 0.22 Cash provided by operating activities $ 10.8 $ 7.6 $ 37.2 $ 35.8 EBITDA $ 8.9 $ 9.9 $ 39.1 $ 40.0 Adjusted EBITDA $ 9.3 $ 10.4 $ 40.9 $ 41.7 Capital Expenditures $ 1.6 $ 0.2 $ 5.9 $ 3.6 Debt & Finance Leases (including current) $ 66.5 $ 78.2 Management Commentary "Today we reported strong results for 2022, and significant advancements in meeting our strategic goals," said Suri Suriyakumar, CEO of ARC Document Solutions.

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