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WALNUT CREEK, CA -- (Marketwired) -- 05/05/15 -- ARC Document Solutions, Inc. (ARC), the nation's leading document solutions provider for the architecture, engineering, and construction (AEC) industry, today reported its financial results for the first quarter ended March 31, 2015.
2015 First Quarter Business Highlights:
- Revenue grew 3.9% year-over-year
- Adjusted earnings per share were $0.07 vs. $0.04 in Q1 2014
- Gross margin was 34.5%, a year-over-year increase of 70 basis points
- Adjusted cash flow from operations was $6.4 million vs. $8.1 million in Q1 2014; decrease largely due to timing of accounts receivable collections
- Adjusted EBITDA of $16.8 million; grew 4% in line with sales despite planned investments in SG&A
- Maintains 2015 fully-diluted annual adjusted earnings per share projected to be in the range of $0.37 to $0.41; annual adjusted cash provided by operating activities projected to be in the range of $61 to $66 million; and annual adjusted EBITDA to be in the range of $75 million to $80 million
Also click here to read a transcript of the earnings call: http://seekingalpha.com/article/3144336-arc-document-solutions-arc-ceo-suri-suriyakumar-on-q2-2015-results-earnings-call-transcript?auth_param=cq3pu:1akit09:6a9bb058c7f4d2c9567d99e8319c9284&uprof=53