WALNUT CREEK, CA -- (Marketwired) -- 08/06/13 -- ARC Document Solutions, Inc. (NYSE: ARC), the nation's leading document solutions company for the architecture, engineering, and construction (AEC) industry, today reported its financial results for the second quarter ended June 30, 2013.
Business Highlights:
- Q2 adjusted earnings per share of $0.04 vs. $0.02 in Q2 2012
- Gross margin for the second quarter was 34.0%, a year-over-year increase of 220 basis points
- Cash from operations was $20.0 million for the six months ended June 30, 2013, vs. $16.9 million for the same period last year
- Repurchased $7.0 million of ARC bonds in July; results in full-year annual interest savings of more than $700,000
- Revises 2013 fully-diluted annual adjusted earnings per share forecast to be in the range $0.06 to $0.09 and maintains projected 2013 annual cash from operating activities to be in the range of $38-$45 million