Recession USA 2020
Business

ARC Document cheers strong Q3 guidance; to reinstate dividends (NYSE:ARC)

ARC Document Solutions (NYSE:ARC) +11.7% PMexpects a significant increase in Q3 sales and earnings, and continuing strength in cash flow from operations.

“The market for signage, color and environmental graphics is proving to be robust, as we expected. After reconfiguring the business earlier this year, we are positioned perfectly to take advantage of these sales trends and leverage our lower cost structure,” CEO Suri Suriyakumar commented.

Q3 revenue is seen coming in excess of $70M, adj. EBITDA is expected to be $12M+ (ahead of Q2 and Y/Y performance).

It also plans to reinstate dividends and share repurchases.

Earnings slated for Nov.4 release, after market close.

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