ARC Group Worldwide, Inc. reports first quarter results

December 12, 2015

ARC Group Worldwide, Inc. reports first quarter results - HT-6-15

An MPIF 2015 award winning breech block made for Smith & Wesson by Advanced Forming Technology (AFT), an ARCMIM company

ARC Group Worldwide, Inc., a leading global provider of advanced manufacturing and 3D printing solutions with significant MIM activities, has reported its first quarter fiscal year 2016 results. Fiscal first quarter revenue was $24.5 million, a decrease of 14.7% compared to the prior year period. The decrease was due to lower sales to European automotive customers and delayed US product launches, as well as macro and customer attrition issues. At the same time, 3DMT Group reported record metal Additive Manufacturing revenue during the first fiscal quarter.

EBITDA for the fiscal year first quarter was $2.6 million, a decrease of 27.1% compared to the prior year period. EBITDA margin decreased to 10.8%, from 12.6% in the prior year period, primarily related to lower plant level utilisation. The company stated that while near term headwinds remain, the management is optimistic about the medium to long term forecast for the company.

 

ARC announces new senior leadership appointment

ARC has also announced that it has hired Stuart Gold in a newly created position as Executive Vice President of Global Sales & Marketing. Gold, stated the company, brings a strong track record of success in sales and marketing, most recently at a private equity-backed educational technology company, as well as previous leadership roles in sales and marketing at companies such as Cendant, Cisco and Microsoft. Jason Young, Chairman and CEO, commented, “While we were disappointed in the performance of the business in the first fiscal quarter, we remain optimistic about the future of ARC. Driving sales is an important focus for the Company and we are excited to have Mr. Gold join ARC to lead that effort.”

www.arcgroupworldwide.com

 

In the latest issue of PIM International…

Download PDF

Extensive MIM, CIM industry and sinter-based AM industry news, plus the following exclusive deep-dive articles and reports:

  • Calling all product designers: Discover what Metal Injection Moulding could do for you through these award-winning parts
  • Binder Jetting of a dual-phase steel: Process insight and optimisation using the Master Sintering Curve
  • The rise of filament-based metal AM: New materials and machines present opportunities for MIM producers
  • Sinter-based Additive Manufacturing at the 20th Plansee Seminar on Refractory Metals and Hard Materials
  • Ceramitec 2022: Opportunities abound for producers of technical ceramics by CIM and AM

The latest news from the MIM, CIM and sinter-based AM industries

Don't miss any new issue of PIM International, and stay up to date with the latest industry news. Sign up to our fortnightly newsletter.

Sign up

News from the industry…

    Discover our magazine archive…

    The free-to-access PIM International magazine archive offers unparalleled insight into the world of MIM, CIM and sinter-based AM from a commercial and technological perspective through:

    • Reports on visits to leading part manufacturers and industry suppliers
    • Articles on technology and application trends
    • Information on materials developments
    • Reviews of key technical presentations from the international conference circuit
    • International industry news

    All past issues are available to download as free PDFs or view in your browser.

     

    Browse the archive

     

    Looking for suppliers of materials, production equipment and finished MIM, CIM or sinter-based AM parts?

    Discover suppliers of these and more in our advertisers’ index and buyer’s guide, available in the back of PIM International.

    • Metal powders
    • MIM, CIM & AM parts producers
    • Binders & feedstocks
    • Feedstock mixers
    • Furnaces & furnace supplies
    • Atmospheres & gas generation
    • HIP systems & services
    • Injection moulding machines
    • AM technology
    • Debinding systems
    Download PDF
    Share via
    Copy link
    Powered by Social Snap