Published on 2 Nov 2023 on GuruFocus.com via Yahoo Finance
ARC Document Solutions Inc Reports $71 Million in Q3 2023 Sales Amidst Strategic Services Strength
ARC Document Solutions Inc (NYSE:ARC) reports Q3 2023 net sales of $71.1 million, a 2.8% decrease compared to Q3 2022.Gross margin slightly increased to 34.0% from 33.9% in the same period last year.Net income attributable to ARC was $3.2 million, with diluted earnings per share at $0.07.Operating activities provided cash of $8.7 million, compared to $14.9 million in Q3 2022.
Warning! GuruFocus has detected 4 Warning Sign with ARC.
ARC Document Solutions Inc (NYSE:ARC), a leading provider of digital printing and document-related services, announced its financial results for the third quarter ended September 30, 2023, on November 2, 2023. The company reported net sales of $71.1 million, a slight decrease of 2.8% compared to the third quarter of 2022. Despite the decrease in sales, the company's strategic services posted healthy sales growth, with new customers continuing to invest in visual communications and demand for scanning coming from every industry served.