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WALNUT CREEK, CA -- (Marketwired) -- 08/04/15 -- 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 second quarter ended June 30, 2015.
2015 Second Quarter Business Highlights:
- Sales grew 4.0% year-over-year
- Adjusted diluted earnings per share were $0.13 vs. $0.10 in Q2 2014
- Gross profit rose 4.2% delivering a gross margin of 36.0%
- Adjusted cash flow from operations was $16.9 million vs. $15.7 million in Q2 2014
- Adjusted EBITDA of $21.6 million; grew 3% in line with sales despite planned investments in SG&A
- Maintains 2015 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