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RJ Young Announces Dealer Partnership with Kyocera Document Solutions
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Paperless office? 2 8 trillion pages printed in 2020, down by 14% or 450 billion sheets
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ARC Reports Second Quarter Year-Over-Year Increases in Sales, Gross Margin, EPS and EBITDA
ACCESSWIRE
04 Aug 2021, 06:19 GMT+10
SAN RAMON, CA / ACCESSWIRE / August 3, 2021 / ARC Document Solutions, Inc. (NYSE:ARC), a leading document solutions provider to professionals in the design, marketing, commercial real estate, construction and related fields, today reported its financial results for the second quarter ended June 30, 2021.
Financial Highlights:
Management Commentary: We are pleased with our second quarter growth in sales and the improvements in gross margin, EPS and adjusted EBITDA that came with it, said Suri Suriyakumar, Chairman, President and CEO of ARC. The diversity of our products and services continue to drive expansion into digital color production and the economic re-opening is bringing new vitality to our existing customers in the AEC market. Every major category of sales grew during the second quarter.
Posted August 3rd, 2021 for IDC NEEDHAM, Mass., August 3, 2021 – Total worldwide page volumes printed from office and home devices plummeted nearly 14% year over year in 2020 after several years of stable but slow decline. According to new research from International Data Corporation ( IDC ), 2.8 trillion pages were printed in 2020. The COVID-19 pandemic and the dramatic shift from offices to work from home models are behind the sharp decline. The shift in work environments also produced different dynamics for pages printed on laser versus inkjet devices. Laser MFPs and printers are mostly located in the office environment. Due to the impact of lockdowns and the shift to working from home offices, laser pages declined sharply, down 16% year over year in 2020. This decline was even more pronounced for A3 devices. In contrast, pages printed on inkjet devices increased 4% over 2019. Inkjet devices at home that were mostly used for personal printing prior to the pandemi
ARC Document Solutions: ARC Reports Second Quarter Year-Over-Year Increases in Sales, Gross Margin, EPS and EBITDA
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