ARC Group Worldwide – HU

2021/05/03

ARC Group Worldwide, Inc. (OTC:ARCW) (“ARC” or the “Company”), a leading global provider of advanced manufacturing, today reports its results for the second fiscal quarter ending December 27, 2020. ARC reports sequential quarterly income growth for fiscal year to date 2021.

Highlights for the second quarter of fiscal year 2021 compared to the second quarter fiscal year
2020 for Continuing Operations:

• Net sales were $14.5 million, increasing by 23.4%;
• Gross profit was $3.1 million, increasing by 120.5%;
• Operating expenses were $1.7 million, decreasing by 27.5%;
• Interest and financing costs were $0.3 million, decreasing by 66.5%;
• Income from continuing operations was $1.0 million.
• EBITDA and Adjusted EBITDA was $2.8 million. Adjusted EBITDA is a non-GAAP financial
measure, which is reconciled to the most directly comparable GAAP financial measure
and more fully defined in the enclosed table.

Highlights for the first six months ended December 27, 2020, compared to the first six months ended December 29, 2019 for Continuing Operations:

• Net sales were $25.9 million, increasing by 15.9%;
• Gross profit was $5.2 million, increasing by 99.1%;
• Operating expenses were $3.4 million, decreasing by 25.8%;
• Interest and financing costs were $0.6 million, decreasing by 66.3%;
• Income from continuing operations was $1.1 million.
• EBITDA was $4.7 million.

Prior year financials for the fiscal second quarter include the results of ARC Metal Stamping, LLC
(“AMS”), which was divested in December 2019 and are presented as discontinued operations.

BY: BY ARC Group Worldwide

A hely, ahol új értelmet nyer a gyártás fogalma.

Az ARC Csoport tagja

Ipari park 5.
Rétság, Nógrád megye
2651 Magyarország

©Copyright 2021 Aft — Minden jog fenntartva.

MENU

You can download our legal documents via these links.

I understand the page uses cookies for make better user experience.

Ezt az akadályt is sikeresen vetted! Most rajtunk a sor! Kérjük várj türelemmel, hamarosan jelentkezünk! 😊

Thank You!

You've overcome this barrier successfully. Now it's our turn! We will back to you soon!