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Home > (CTS, ARC, NCT, AUO, MJGCF) Featured Stock by DoubleInStocks.com

(CTS, ARC, NCT, AUO, MJGCF) Featured Stock by DoubleInStocks.com

November 10th, 2011 at 02:55 pm





American Reprographics Co. (NYSE:ARC), one of the nation's leading document solutions companies, reported its financial results for the third quarter ended September 30, 2011. Net revenue for the third quarter of 2011 was $104.8 million. ARC's net loss for the third quarter was $41.8 million, or a loss of $0.92 per diluted share, primarily due to the recording of a goodwill impairment charge in the amount of $42.1 million. Excluding this and other non-cash charges, including the previously-disclosed accelerated amortization related to trade names and interest rate swap-related costs, adjusted net income for the second quarter was $1.1 million, or $0.02 per diluted share. The Company's third quarter gross margin was 32.4%. Quarterly cash from operating activities for the period ending September 30, 2011 was $17.6 million.

ARC is one of the nation's leading document solutions companies providing business-to-business document management technology and services primarily to the architectural, engineering and construction, or 'AEC' industries.

Read full article at : http://doubleinstocks.com/?p=19407


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