ARC Document Solutions: Rises as cost cuts help offset pandemic hit

ARC Document Solutions

05/08/2020 12:41

** Shares of commercial printing services co  ARC.N  up 7.6%
at $1.13 premarket 
    ** Q2 net income attributable to ARC rises to $1.5 mln
compared with $0.5 mln a year earlier, expenses fall  urn:newsml:reuters.com:*:nACS6SSKca
    ** Cash provided by operating activities climbs to $23.5 mln
from $16.3 mln, while EBITDA margin of 16.6% is a 200 basis
point improvement Y-O-Y
    ** Co says it has exceeded its previously announced
expectations in terms of EBITDA and cash in Q2
    ** ARC's quick and decisive actions early in quarter secured
its cash position, reduced working capital and significantly
reduced cost structure - CFO Jorge Avalos
    ** Stock has fallen 24.5% YTD, as of last close 

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com;
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))