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ARC Document Solutions, Inc. purchased 303,174 shares of its own stock during Q3 2023 at an average price of $3.43.
Positive
Share repurchase program supports shareholder value
Negative
None.
SAN RAMON, CA / ACCESSWIRE / September 28, 2023 / ARC Document Solutions, Inc. (NYSE:ARC), a leading provider of visual marketing, digital printing, and document workflow services, today announced that it purchased 303,174 shares of its own stock via open market transactions during the third quarter of 2023. As noted earlier this year in April, ARC's Board of Directors authorized the expansion of the Company's previous $15 million share repurchase program to $20 million through March 2026 to support ARC's commitment to return shareholder value.
The average share price paid by the Company during the third quarter of 2023 was $3.43.ARC's trading window for purchasing its own shares during the period closed on Friday, September 22, 2023.
About ARC Document Solutions (NYSE:ARC) ARC partners with top brands around the world to tell their stories through visually compelling graphics. We use advanced digital printing technology, sustainable materials, and innovative techniques to bring their vision to life. ARC also provides other digital printing and scanning services to a wide variety of industries all over North America and in select markets around the world. Follow ARC at www.e-arc.com.
arc document solutions, a publicly traded company, provides technology and information management solutions for the architecture, engineering, and construction industry. it has worked with some of the largest architecture and construction firms in the world, delivering solutions for customers onsite, in the cloud, and offsite at more than 170 service centers around the world. the company has received awards and recognition from forbes magazine (as one of its "best 200 small companies"), gartner, bertl, and océ. arc offers solutions that combine the latest technology to address construction and facilities needs. learn more at e-arc.com.
