ARC Document Solutions, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
February 23, 2022 at 04:11 pm EST
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ARC Document Solutions, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported revenue was USD 69.25 million compared to USD 64.34 million a year ago. Net income was USD 2.6 million compared to USD 1.25 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to USD 0.03 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to USD 0.03 a year ago.
For the full year, revenue was USD 272.21 million compared to USD 289.47 million a year ago. Net income was USD 9.14 million compared to USD 6.19 million a year ago. Basic earnings per share from continuing operations was USD 0.22 compared to USD 0.14 a year ago. Diluted earnings per share from continuing operations was USD 0.21 compared to USD 0.14 a year ago.
ARC Document Solutions, Inc. is a provider of digital printing and document-related services. It also provides other digital printing and scanning services to a variety of industries all over North America and in select markets around the world. Its primary services are digital printing of general and specialized business documents, such as those found in marketing and advertising, engineering and construction and other industries, as well as producing customized display graphics of all types and sizes; acquiring, placing and managing office printing equipment with device tracking and print management software at its customerâs offices and job sites; scanning documents, indexing them and adding digital search features for use in digital document management, document archives and facilities management, as well as providing other digital imaging services; and reselling digital printing equipment and supplies. Its products and services are available from each of its service centers.