ARC Document Solutions Reports Results for Third Quarter 2017

(PRNewswire) — 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 third quarter ended September 30, 2017.

Financial Highlights:

 

Three Months Ended

 

Nine Months Ended

 

September 30,

 

September 30,

(All dollar amounts in millions, except EPS)

2017

2016

 

2017

2016

Net Sales

$

96.5

 

$

100.4

   

$

297.5

 

$

307.8

 

Gross Margin

30.3

%

32.6

%

 

31.8

%

33.4

%

Goodwill impairment

$

17.6

 

$

   

$

17.6

 

$

73.9

 

Net (loss) income attributable to ARC

$

(14.8)

 

$

2.8

   

$

(9.4)

 

$

(50.5)

 

Adjusted net income attributable to ARC

$

0.4

 

$

3.0

   

$

5.9

 

$

10.5

 

Earnings per share - Diluted

$

(0.32)

 

$

0.06

   

$

(0.20)

 

$

(1.10)

 

Adjusted earnings per share - Diluted

$

0.01

 

$

0.07

   

$

0.13

 

$

0.23

 

Cash provided by operating activities

$

11.3

 

$

12.2

   

$

36.8

 

$

34.0

 

EBITDA

$

(7.0)

 

$

14.4

   

$

21.9

 

$

(28.1)

 

Adjusted EBITDA

$

11.5

 

$

15.1

   

$

42.1

 

$

48.1

 

Capital Expenditures

$

2.3

 

$

2.4

   

$

7.2

 

$

7.6

 

Debt & Capital Leases (including current), net of unamortized deferred financing fees

     

$

149.2

 

$

158.9

 

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