(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 fourth quarter and full year ended December 31, 2016.
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Financial Highlights: |
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Three Months Ended |
Twelve Months Ended |
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December 31, |
December 31, |
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(All dollar amounts in millions, except EPS) |
2016 |
2015 |
2016 |
2015 |
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Net Sales |
$ |
98.6 |
$ |
104.5 |
$ |
406.3 |
$ |
428.7 |
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Gross Margin |
30.8 |
% |
33.8 |
% |
32.8 |
% |
34.6 |
% |
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Net income (loss) attributable to ARC |
$ |
2.6 |
$ |
3.1 |
$ |
(47.9) |
$ |
97.0 |
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Adjusted net income attributable to ARC |
$ |
2.6 |
$ |
3.2 |
$ |
13.1 |
$ |
16.8 |
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Earnings (loss) per share - Diluted |
$ |
0.06 |
$ |
0.06 |
$ |
(1.04) |
$ |
2.04 |
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Adjusted earnings per share - Diluted |
$ |
0.06 |
$ |
0.07 |
$ |
0.28 |
$ |
0.35 |
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Cash provided by operating activities |
$ |
19.1 |
$ |
16.9 |
$ |
53.1 |
$ |
60.0 |
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EBITDA |
$ |
13.6 |
$ |
15.1 |
$ |
(14.5) |
$ |
68.2 |
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Adjusted EBITDA |
$ |
14.3 |
$ |
15.9 |
$ |
62.3 |
$ |
72.2 |
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Capital Expenditures |
$ |
(4.5) |
$ |
(2.7) |
$ |
(12.1) |
$ |
(14.2) |
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Debt & Capital Leases (including current), net of unamortized deferred financing fees |
$ |
157.2 |
$ |
171.4 |
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