SAN RAMON, Calif., July 16, 2018 /PRNewswire/ -- ARC Document
Solutions, Inc. (NYSE: ARC), a leading document solutions provider
to design, engineering, construction, and facilities management
professionals, today said that it expects to report year-over-year
consolidated sales growth for the first time in three years.
Management pointed to strong growth in its CDIM business line,
the primary focus of its strategy to protect print revenue, as well
as sales improvements in MPS and AIM. The results reflect three
quarters of continued improvement in the company's overall
sales.
"We are encouraged by our preliminary estimates," said
Suri Suriyakumar, Chairman,
President and CEO of ARC Document Solutions. "Rather than
withholding these positive developments until our earnings
call, we thought it prudent to announce ARC's progress given the
current volatility of the stock market and the disruption around
our exit from the Russell 2000. We want to remind shareholders of
the company's improving revenue lines for the first time in
several years."
ARC executives will be available for comment during the
company's second quarter earnings report scheduled for August 2, 2018, after the market close. The
earnings call will provide additional details on ARC's financial
and operational performance for the period, and updates to its
annual forecasts.
To access the live audio call, dial 800-239-9838. International
callers may join the conference by dialing +1 323-794-2551. The
conference code is 7263562. A live webcast will also be made
available on the investor relations page of ARC Document Solution's
website at http://ir.e-arc.com. A recording of the webcast will be
available for approximately 90 days following the call's
conclusion.
About ARC Document Solutions (NYSE:ARC)
ARC Document Solutions distributes documents and information to
facilitate communication for design, engineering and construction
professionals, real estate managers and developers, facilities
owners, and a variety of similar disciplines. The company provides
cloud and mobile solutions, professional services, and hardware to
help its customers around the world reduce costs and increase
efficiency, improve information access and control, and communicate
faster, easier, and better. Follow ARC at www.e-arc.com.
Forward-Looking Statements
This press release contains forward-looking statements that are
based on current opinions, estimates and assumptions of management
regarding future events and the future financial performance of the
Company. Words and phrases such as "expects," "early analysis,"
"estimated," "preliminary," and similar expressions identify
forward-looking statements and all statements other than statements
of historical fact, including, but not limited to, any projections
regarding earnings, revenues and financial performance of the
Company, could be deemed forward-looking statements. We caution you
that such statements are only predictions and are subject to
certain risks and uncertainties that could cause actual results to
differ materially from those contained in the forward-looking
statements. In addition to matters affecting the construction,
managed print services, document management or reprographics
industries, or the economy generally, factors that could cause
actual results to differ from expectations stated in
forward-looking statements include, among others, the factors
described in the caption entitled "Risk Factors" in Item 1A in ARC
Document Solution's Annual Report on Form 10-K for the fiscal year
ended December 31, 2017, Quarterly
Reports on Form 10-Q, and other periodic filings and prospectuses.
The Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise, except as required by law.
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SOURCE ARC Document Solutions, Inc.