ARC Group Worldwide Announces Second Quarter 2019 Results

ARC Group Worldwide, Inc.
Consolidated Segment Information
(in thousands)

             
   Three months ended  Six months ended
   December 30,   December 31,   December 30,   December 31,
   2018  2017  2018  2017
Sales:            
Precision Components Group $15,951  $ 13,069  $31,636  $27,402 
Stamping Group  4,956    4,359   9,837   9,112 
Consolidated sales $20,907  $17,428  $41,473  $36,514 
             
Operating costs:            
Precision Components Group $16,146  $ 15,353  $30,935  $30,622 
Stamping Group  5,634    4,746   10,571   9,748 
Consolidated operating costs $21,780  $20,099  $41,506  $40,370 
             
Segment operating income (loss):            
Precision Components Group $(195) $(2,284) $701  $(3,220)
Stamping Group  (678)    (387 )     (734 )     (636 )
Corporate (1)     (980 )      (983 )     (1,845 )     (1,920 )
Total segment operating loss   $ (1,853 )   $ (3,654 )   $ (1,878 )   $ (5,776 )
                         
Interest expense, net     (898 )      (912 )     (1,829 )     (1,889 )
Other income, net     64        165       90       129  
Non-operating expense     (834 )     (747 )     (1,739 )     (1,760 )
Consolidated loss before income taxes and non-controlling interest   $ (2,687 )   $ (4,401 )   $ (3,617 )   $ (7,536 )

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