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ARC - ARC Document Solutions Inc News Story

$2.25 0.0  0.4%

Last Trade - 9:10pm

Sector
Industrials
Size
Small Cap
Market Cap £68.8m
Enterprise Value £104.0m
Revenue £207.8m
Position in Universe 5180th / 6852

BUZZ-ARC Document: Surges as co downsizes amid COVID-19 crisis

Thu 16th July, 2020 7:36pm
** Document solutions provider's shares  ARC.N  jump 28.3%
to $1 
    ** ARC says it has transformed into a "smaller, leaner"
company for a post-COVID-19 era   urn:newsml:reuters.com:*:nACSgy0Xfa
    ** Says has aggressively removed costs related to segments
of businesses no longer relevant to existing customers
    ** Expects restructuring to result in Q2 EBITDA of ~$10 mln
and cash flow from ops >$20 mln despite reduced sales due to
COVID-19 shutdowns
    ** ARC says will now include offerings that range well
beyond the construction vertical and its print segments
    ** Stock down ~29% so far this year 

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