ARC logo
ARC Document Solutions, Inc. has announced the receipt of notification from the New York Stock Exchange (the "NYSE") stating that it has regained full compliance with the NYSE's minimum average share price listing requirement. The Company also announced that it is meeting its internal expectations for financial performance in the first two months of the third quarter.
"As we continue to build on the positive effects of our recent re-engineering efforts, we were pleased to regain full compliance with the NYSE's listing requirements," said Suri Suriyakumar, CEO of ARC.
On August 4, 2020, during the Company's second quarter earnings report, ARC announced significant changes to the Company's sales and marketing, operations, finance, technology, and corporate functions. Its stated goal was to create the potential for new growth by focusing on a resurgence of digital printing and graphic imaging, and to remove redundant capacity, assets, and infrastructure associated with business lines that had become less relevant over time.
ARC's 2020 third quarter earnings report will be presented on November 4, 2020, with a press release and conference call after the close of the market. More information about the call will be available at ir.e-arc.com as details are finalized.