Arc Document Solutions, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 23, 2021 at 04:12 pm EST
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ARC Document Solutions, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced total revenue was USD 64.344 million compared to USD 92.316 million a year ago. Operating income was USD 2.327 million compared to USD 2.855 million a year ago. Net income was USD 1.253 million compared to USD 824,000 a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.02 a year ago. For the full year, total revenue was USD 289.467 million compared to USD 382.415 million a year ago. Operating income was USD 12.393 million compared to USD 14.108 million a year ago. Net income was USD 6.188 million compared to USD 3.015 million a year ago. Basic earnings per share from continuing operations was USD 0.14 compared to USD 0.07 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.