Published on 9 May 2024 on GuruFocus.com via Yahoo Finance
ARC Document Solutions Inc (ARC) Reports Q1 2024 Earnings, Surpasses Analyst Revenue Forecasts
Reported Revenue: $70.8M for Q1 2024, up 2.7% year-over-year, surpassing estimates of $68.94M.Net Income: $2.5M, a significant increase from $1.9M in Q1 2023, exceeding the estimated $2.05M.Earnings Per Share (EPS): Reported at $0.06, surpassing the estimated $0.05.Gross Margin: Declined to 32.2% in Q1 2024 from 33.3% in Q1 2023, reflecting increased costs in labor and materials.Capital Expenditures: Increased to $3.1M in Q1 2024 from $2.3M in Q1 2023, indicating ongoing investments in business growth.Debt and Finance Leases: Reduced to $60.7M, down from $64.8M, showing effective debt management.Cash Flow from Operations: Slightly decreased to $3.7M in Q1 2024 from $3.8M in the prior year, mainly due to timing of receivable collections.
Warning! GuruFocus has detected 4 Warning Sign with ARC.
