ARC Reports 2020 Fourth Quarter and Full Year Results Including Annual Increase in Cash Flows pittsburghstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pittsburghstar.com Daily Mail and Mail on Sunday newspapers.
ARC Document Solutions: ARC Reports 2020 Fourth Quarter and Full Year Results Including Annual Increase in Cash Flows
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Management Commentary In 2020, our long-standing belief that ARC can be a dynamic, healthy and profitable company at any level of sales was put to the test, said Suri Suriyakumar, Chairman, President and CEO of ARC Document Solutions. We not only passed the test, but surpassed our own expectations for what was possible. We matched our 2019 annual adjusted earnings per share, increased annual cash flow from operations, held more cash on the balance sheet than in any year prior to the recession, and averaged well over $10 million per quarter in adjusted EBITDA in spite of a revenue decline of $93 million. Our performance validated the extraordinary actions taken by management to protect the company, our employees, and the communities in which we work, and it also allowed us to resume our focus on returning value to our shareholders, said Mr
ARC Reports 2020 Fourth Quarter and Full Year Results Including Annual Increase in Cash Flows theusnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theusnews.com Daily Mail and Mail on Sunday newspapers.
ARC Document Solutions: Continuing Strong Cash Flows Drive Increase in ARC Quarterly Cash Dividend
SAN RAMON, CA / ACCESSWIRE / February 16, 2021 / ARC Document Solutions, Inc. (NYSE:ARC) on Tuesday announced that its board of directors declared a quarterly cash dividend of $0.02 per share, increasing its previous dividend amount by 100%. The dividend is payable May 31, 2021 to shareholders of record as of April 30, 2021. The ex-dividend date will be April 29, 2021.
This is the second of four quarterly cash dividends planned for 2021 as previously announced on December 11, 2020. Based on the strength and consistency of our cash flows in 2020, we are pleased to announce a significant increase in our quarterly dividend program for 2021, and to reiterate our commitment to returning value to our shareholders, said Suri Suriyakumar, CEO of ARC.
Continuing Strong Cash Flows Drive Increase in ARC Quarterly Cash Dividend theusnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theusnews.com Daily Mail and Mail on Sunday newspapers.