2/22/2023

speaker
Lisa
Conference Operator/Moderator

Good day, everyone, and welcome to the ARC Document Solutions 2022 year-end and Q4 earnings conference call. At this time, I would like to hand things over to Mr. David Stickney. Please go ahead, sir.

speaker
David Stickney
Conference Call Host

Thank you, Lisa, and welcome, everyone. On the call with me today are Suri Suryakumar, our CEO and Chairman, our President and Chief Operating Officer, Dilo Widusuria, and George Avalos, our Chief Financial Officer. Our fourth quarter and full year results for 2022 were publicized earlier today in a press release. This press release and other company materials are available from our investor relations pages on ARC Document Solutions' website at ir.e-arc.com. Please note that today's call will contain forward-looking statements and are only predictions based on information as of today, February 22, 2023, And actual results may differ materially as a result of risks and uncertainties that we highlight in our quarterly and annual SEC filings. Any non-GAAP measures discussed today are reconciled in our press release and form 8K filing. I'll now turn the call over to our Chairman and CEO, Suri Suryakumar. Suri. Thank you, David.

speaker
Suri Suryakumar
Chairman and Chief Executive Officer

And welcome, everyone. Today we reported strong results for the full year of 2022. and significant advancements in meeting our strategic goals. Our annual sales grew. We improved nearly all of our key operation metrics, and as I have reported in the past three quarters, our earnings are impressive. Our balance sheet is solid, our debt is low, and our cash generation remains high. Best of all, we will continue growing in 2023. Our sales are not the only thing growing. The number of industry verticals we serve are growing. The number of services we sell into each of these verticals is growing. The revenue in each vertical is growing. And of the more than 50 industry verticals we serve, 30 of them purchased more than a million dollars of products and services from us in 2022. I should also make another point about the diversification of our customer base. We grew year over year sales in every single one of our design and construction customer verticals in 2022. Architects, engineers, general contractors, subcontractors, home builders, and property developers all purchased multiple services from us. Far from buying blueprints alone, these customers purchased environmental graphics, safety signage, on-site print services, scanning services, as well as equipment and supplies. This is a tremendous achievement by itself, but taken together with diversifying sales in all markets we serve, it represents a great progress in transforming our business. To give you an idea of what went into our success in 2022 and what the future holds, I'll now turn the call over to Dilo and George for a review. Dilo.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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