ARC Group Worldwide Reports Fiscal Year Third Quarter 2018 Results
ARC GROUP WORLDWIDE INC (ARCW)
Last arc group worldwide inc earnings: 2/9 04:35 pm
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US:NASDAQ Investor Relations:
arcgroupworldwide.com/investor-relations.html
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Source: GlobeNewswire
DELAND, Fla., May 10, 2018 (GLOBE NEWSWIRE) -- ARC Group Worldwide, Inc. (“ARC” or the “Company”) (NASDAQ:ARCW), a leading global provider of advanced manufacturing and metal 3D printing solutions, today reported its results for the period ending April 1, 2018, its fiscal third quarter 2018. Highlights for the third quarter fiscal year 2018, compared to the second quarter fiscal year 2018: • Sales of $21.5 million, an increase of 16.9%;• Gross profit of $1.1 million, an increase of 398.9%;• Facility EBITDA from Continuing Operations of $1.3 million, an increase of 629.7%;• Cash Flow from Operations of $1.3 million, an increase of 1,053.6%; and• Bank borrowings debt levels of $37.3 million, a decrease of 17.3%. Quarterly Financial Summary Fiscal third quarter 2018 revenue from continuing operations was $21.5 million, compared to $18.4 million in the prior sequential period. The increase in revenue was primarily dri
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