Reprographics 101

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  • BOX shares tumble (also included, info about BOX for the Construction Industry)

    Why Shares of Box Inc. Tumbled Today
    (BOX.com, NYSE: BOX)
    What happened
    Shares of enterprise cloud
    storage provider Box (NYSE:BOX) slumped on Thursday following a
    fourth-quarter report that mostly beat analyst estimates. The company’s
    guidance, however, fell short of expectations, prompting a double-digit plunge
    in the stock price. The stock was down about 20% at 12:10 p.m. EST.
    So what
    Box reported
    fourth-quarter revenue of $136.7 million, up 24% year over year and in line
    with the average analyst estimate. Billings jumped 28% year over year to $204.6
    million, while deferred revenue rose 33% to $320.9 million. Box’s paying
    customer base reached 82,000 businesses in the fourth quarter.
    Link to full article on
    Motley Fool:
    https://www.fool.com/investing/2018/03/01/why-shares-of-box-inc-tumbled-today.aspx
    About
    BOX for the Construction Industry:
    Architecture,
    engineering and construction firms are using the cloud to improve mobile
    collaboration with clients, suppliers and agencies
    Reduce onsite IT costs
    Box for
    Construction gives architectural, engineering and construction firms a simple,
    secure way to plan, design and undertake projects. With Box, firms can
    intuitively share blueprints, photos and construction specs on any device,
    getting projects done on time and on budget
    Better manage project bidding
    Box streamlines
    the bid proposal process. Edit templates, share plans and specs and send secure
    links of request for proposals (RFPs) to ensure bids are submitted on time and
    with minimal effort.
    Keep everyone on track
    Provide
    architects, engineers and contractors visibility into project progress from any
    device. Upload, preview or comment on CAD/CAM files, BIM files and photos and
    send links to schedules and plans.
    Improve job site productivity
    Online or offline,
    Box simplifies coordination and troubleshooting for workers in the field. Snap
    photos and video of work sites or safety hazards and share securely using Box Capture.
    Build mobile apps with cloud content
    Create secure
    content lockers that improve collaboration between your firm and clients. Share
    designs and get client input in real-time.
    Testimonial
    “Any delay to
    the schedule is money. It used to take us 4 or 5 hours to get access to files
    with an FTP server in Sharepoint. With Box, it’s seconds. Now all our
    construction teams are using Box on every project and it’s changed the drive
    for us to do what we do, better and faster.”
    Vince Sarubbi, CIO
    and VP, Webcor Builders

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    https://www.box.com/industries/construction

  • ARC Document Solutions Reported Q4 2017 and Full-Year 2017 Results

    Late Tuesday afternoon, Feb 27th, ARC
    released its results for Q4 2017 (and for the full year 2017.)
    For Q4 2017, ARC reported:
    Sales – $97.1 mil
    Adjusted Net Income Attributable
    to ARC – $.9 mil
    Adjusted EBITDA – $12.0 mil
    ARC’s Gross Margin for Q4 2017 – 30.3%
    For the same quarter last year (2016), ARC
    reported:
    Sales – $98.6 mil
    Adjusted Net Income Attributable
    to ARC – $2.6 mil
    Adjusted EBITDA – $14.3 mil
    ARC’s Gross Margin for Q4 2016 – 30.8%
    Quick Snapshot of ARC’s Sales:
    Annual Sales, year by year, most recent five
    years:
    Calendar Year
    Total Sales
    2012
    $406.12 million
    2013
    $407.19 million
    2014
    $423.76 million
    2015
    $428.67 million
    2016
    $406.36 million
    2017
    $394.6 million
    Quarterly Sales, quarter by quarter, year
    2016:
    Calendar Year
    Total Sales
    1st quarter, 2016
    $103.55 million
    2nd quarter, 2016
    $103.77 million
    3rd quarter, 2016
    $100.44 million
    4th quarter, 2016
    $ 98.6 million
    Quarterly Sales, quarter by quarter, year
    2017:
    Calendar Year
    Total Sales
    1st quarter, 2017
    $ 98.7 million
    2nd quarter, 2017
    $102.3 million
    3rd quarter, 2017
    $ 96.46 million
    4th quarter, 2017
    $ 97.1 million
    At 11:30 am Pacific Time today (Thursday),
    ARC’s stock price was $2.12, yielding a Market Cap of $98.49 million.

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    Years ago, prior to going public, ARC
    purchased Ridgway’s for $100 million.

  • Xerox to Merge with Fuji Xerox – 10,000 jobs to be eliminated

    I am a
    long-time fan of, and subscriber to, Larry Hunt’s Newsletters
    (“Color Copy News”, “High Speed
    Copy News”, “Wide-Format News”)
    In the intro
    section in one of the newsletters this month, this note was included:
    “Editor’s note: This significant merger was
    announced as the newsletters went to press. There is a related story in this
    month’s     High Speed News that details the efforts of
    two large Xerox investors to compel changes in Xerox management. It appears
    these efforts have had an effect.
    I also noticed press reports stating that at least 10,000 jobs will be eliminated
    at the combined companies in the near future    . It is not yet clear where
    these job losses are to occur, and whether they are the result of this merger
    or were already planned.
    It will be interesting to see how this
    combination will develop.”
    www.larryhunt.com
    Blog-publisher’s
    comment:

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    Wow, 10,000 jobs being eliminated!  A sign of the times.

  • ARC Document Solutions – Share Price $2.15 and Market Cap just under $100 mil

    Today at
    3:50 pm Eastern Time, just before the markets closed, ARC shares were trading
    at $2.15 per share.
    At $2.15 per
    share, ARC’s “market cap” was reported to be $99.88 million.
    ARC paid
    $100 million for Ridgway’s.
    So, if you buy
    ARC at $2.15 per share, you’re getting the core ARC company (prior to its many,
    many acquisition), Ridgway’s and all of the other companies ARC acquired during
    its roll-up of the reprographics industry.

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    Remarkable!

  • HP Introduces Faster PageWide XL Printers for Enhanced Technical Production

     Link to Press Release, which is published on Print-O-Stat’s
    web-site, about HP PageWide XL systems; this press release states the number of
    systems that have been sold since product launch.  This Press Release also talks about the new
    HP PageWide XL models that HP launched this past Fall.
    Click here:
    http://www.printostat.com/index.php/press-release-new-hp-pagewide-xl-printers-autodesk-university
    About Print-O-Stat

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    Since 1954, Print-O-Stat has been the leading solution
    provider of products and services for a variety of businesses and industries
    including construction, architecture, engineering, manufacturing, design, as
    well as retail consumers. Print-O-Stat specializes in guiding information of
    all types through its lifecycle — whether in the acquisition, planning,
    creating, printing, distributing or management phases. Print-O-Stat’s divisions
    which include Printing and Archiving Services, Wide Format Machine Sales and
    Service, Geospatial Products and Services, and Software Products and Services,
    ensure that you have a team of experts at your disposal to move your project
    from concept to completion. Headquartered in York, PA, Print-O-Stat has ten
    other locations throughout the Mid-Atlantic Region, serving the Allentown,
    Baltimore, D.C., Hanover, Harrisburg, Lancaster, Philadelphia, Pittsburgh, and
    Northern Virginia markets.

  • HP Introduces NEW HP PAGEWIDE XL MODELS

    HP Introduces Faster PageWide XL Printers for Enhanced 
    Technical Production
    Demonstrates continued innovation for AEC at Autodesk 
    University in Mars Home Planet showcase
    LAS VEGAS, Nev., November 14, 2017 — Today at Autodesk University, HP Inc. announced new HP PageWide XL printers with sharp, up to 70 percent faster1 output, enabling technical production providers to grow AEC volume and expand business in color applications with the market-leading HP PageWide XL printer portfolio.
    The new HP PageWide XL 5100 and HP PageWide XL 6000 printers and multifunction printers strengthen the fastest printer portfolio in the market2 to equip enterprise print rooms, central reprographic departments and reprographic houses for enhanced mid-volume production in both color and monochrome.
    At speeds up to 24 D/A1-size prints per minute, the series delivers technical documents with quick turnaround and low operating costs3 for architects and engineers, in addition to geographic information system (GIS) maps and point-of-sale (POS) poster applications.
    In its first-ever product demonstration at AU, Las Vegas, HP Booth (#A517), the HP PageWide XL 6000 Multifunction Printer is producing prints of HP Mars Home Planet Concept Phase submissions.
    HP Mars Home Planet is a universe changing global effort to unite engineers, architects, designers, artists and students to imagine, design and experience life in an urban area for 1 million people on Mars. Participants are using Autodesk software to conceptualize, model and render images of future life on Mars. The winning designs will be printed and displayed during the show. Additionally, HP will showcase its latest workstations – the HP Z8, the most powerful PC on the planet,4 and the HP ZBook x2, the world’s most powerful and first detachable PC workstation 5.
    “The debut of new HP PageWide XL printers is another giant leap on the HP journey to offer continued innovation in large format printing for the designers of the future,” said Guayente Sanmartín, General Manager and Global Head, HP Large Format Design Printing. “The breakthrough PageWide XL platform with even faster printing speeds will also help our customers move the needle for business with immediate monochrome and color prints delivered from one unique printer.”
    With more than 5,000 units shipped and 3 billion ft² (300 million m2) printed since the HP PageWide XL printer launch  in 2015, more customers are discovering the value the market-leading 6 HP PageWide XL printers bring to businesses worldwide. HP PageWide XL printers do the job of two printers in a single device, providing both monochrome and color prints at breakthrough speeds: the Power of One.
    The HP PageWide XL 5100 prints at speeds up to 20 D/A1 pages per minute with quick 28-second first page out,  and the HP PageWide XL 6000 at 24 D/A1 size pages per minute with a 25-second first page out. The printers produce outstanding print quality, and are also available in multifunction configuration with copying and scanning for collaboration. Additional benefits include:
    • Set a new technical document standard with crisp lines, 2-point text, smooth grayscales, and vibrant color.
    • Print/scan/copy in monochrome and color with one single device in 50% of the time with a consolidated workflow.7
    • New advanced functionality for the integrated scanners such as smart background removal.
    • ISO 11798 certified HP PageWide XL pigment inks provide long-term storage, light/water resistance.8
    • Help keep data safe—self-encrypting HDD with AES-256, Secure Disk Erase, and IPSec.
    New added-value capabilities
    HP is also now offering increased productivity for the HP PageWide XL portfolio with new software solutions. HP SmartStream offers two new modules. Document Organizer lets the user automatically rename large volumes of files using innovative OCR technology, for saving time in job management. Using job pixel coverage, Pixel Analysis provides accurate quotes before printing. HP SmartTracker helps users control printing costs and enable reimbursement.
    HP is also introducing new features for HP HD & SD Pro Scanners to improve operator productivity, image quality and background cleaning capabilities.  A new output tray streamlines both the scan and copy workflows.
    Additional printers in the HP PageWide XL portfolio include:
    ·      The HP PageWide XL 8000 Printer offering high-end production printing at revolutionary speeds up to 30 D/A1-size prints per minute as well as two 775 milliliter ink cartridges per color with automatic switching and up to six rolls – more than 3,900 feet (1,200 meters) – of media for sustained productivity.
    ·      The HP PageWide XL 4500 Printer and MFP enabling cost- and security-conscious technical work teams of architects and engineers, to securely print up to 12 D/A1-size prints per minute at in-house print corners. 
    ·      The HP PageWide XL 4000 Printer and MFP allowing technical work teams and copy shops to produce 8 D/A1-size prints per minute, helping teams increase on-the-job productivity.
    The HP PageWide XL 5100 and HP PageWide XL 6000 Printer series will be available in December in the US and Canada, and will be sold in other regions beginning in 2018. Specific country releases will follow.
    For more information about the Mars Home Plant project, go to hp.com/go/mars.
    To learn more on the benefits of PageWideXL go to hp.com/go/PowerofOne and hp.com/go/pagewidexl.

  • Is it time to BUY ARC shares, or not?

    (Dates and $ amounts are per Google Finance.)

    ARC went public at $14.00 per share back in
    early 2005. 
    ARC’s highest price per share ever, at just
    north of $38.00, happened sometime around May 5, 2006.
    Apparently, ARC’s all time lowest price per
    share, at around $2.14 per share, happened on March 1, 2013.
    At 1:00pm (EST) this afternoon,
    ARC’s share price is $2.90.
    At $2.90 per share, ARC’s market cap is
    $134.7 mil.

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    Reminder to reprographers, over the years, ARC completed many, many acquisitions (probably north of 75 different acquisitions), with the largest of those acquisitions being Ridgway’s
    for about $100 mil.  That means that, at a
    market cap of $134.7 mil, you get Ridgway’s PLUS all of the other companies ARC
    acquired, when you buy stock in ARC.

  • ARC Document Solutions – Q3 2017 Results – Transcript of Earnings Call

    Yesterday, ARC reported its Q3 2017 results
    (results for 3 months and 9 months ended September 30, 2017)
    And, today, ARC’s stock plunged from yesterday’s closing price of $4.44 per
    share to today’s closing price of $3.48 per share, a
    plunge of 21.62%.      [During the day, ARC’s stock price plunged as
    low as $3.01 per share (per Google Finance’s reported intraday trading range),
    but it quickly rebounded from that low point, ending up at $3.48 at
    close.]  (This morning, while I was
    standing in line at Starbucks, I watched ARC’s stock at the open of trading and
    saw it fall about 24% within three
    minutes of the market open    . Ouch!)
    Yesterday afternoon, after ARC released its
    Q3 2017 results, ARC’s management team held an earnings call; apparently, only
    one stock analyst participated in the earnings call.
    To read the TRANSCRIPT of the earnings call
    (to read what Suri, Dilo and Jorge said and to read ARC’s responses to the
    questions asked by the one analyst who asked questions, visit www.seekingalpha.com, enter ARC in the
    search window and that will bring up the earnings-call-transcript, which you
    can the either read on-line or download as a pdf.
    One note
    about what was said (and not said) in the earnings call (per the transcript);
    although one of ARC’s management team members did talk about ARC’s “technology
    solutions”, there was not one specific mention of ARC’s “Skysite”
    technology/product.  My hunch is that the
    one participating analyst did not know enough about ARC’s technology solutions
    to ask questions about “Skysite.”
    Finally, one of my long-time reprographics
    industry friends said to me today, “they should take the company private.”  I would not be at all surprised to see that
    happen down the road.
     ———————

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    My heart goes out to the ARC team
    members who were horribly affected by the hurricanes that hit Texas and
    Florida, especially to those in Texas who lost their homes.
  • This afternoon, ARC released its results for
    Q3 2017 (and for the first 9 months of 2017).
    ARC reported a loss for the 3 month period; that
    loss attributable to a write-down of goodwill.

    Just a hunch, but it sure looks like ARC’s Sales for 2017 will come in under $400 million.
    You can access a copy of the earnings release
    at e-arc.com (click on the Investor button at the bottom of ARC’s home page.)
    Quick Snapshot of ARC’s Sales:
    Annual Sales, year by year, most recent five
    years:
    Calendar Year
    Total Sales
    2012
    $406.12 million
    2013
    $407.19 million
    2014
    $423.76 million
    2015
    $428.67 million
    2016
    $406.36 million
    2017 (year-to-date thru Q3)
    $297.47 million
    Quarterly Sales, quarter by quarter, year
    2016:
    Calendar Year
    Total Sales
    1st quarter, 2016
    $103.55 million
    2nd quarter, 2016
    $103.77 million
    3rd quarter, 2016
    $100.44 million
    4th quarter, 2016
    $ 98.6 million
    Quarterly Sales, quarter by quarter, year
    2017:

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    Calendar Year
    Total Sales
    1st quarter, 2017
    $ 98.7 million
    2nd quarter, 2017
    $102.3 million
    3rd quarter, 2017
    $ 96.46 million
    4th quarter, 2017
    $

  • 3D Systems’ Stock Tanked Today

    What happened:

    Shares of 3D Systems Corporation (NYSE:DDD)
    dropped as much as 29.7% on Wednesday after reporting third-quarter earnings.
    Sales fell and net loss grew, which is never good for a company, and management
    even withdrew its guidance for the year. At 1:50 p.m. EDT, shares were still
    down 24.1% on the day and showed no signs of picking up.
    So what:
    Revenue fell 2.2%, to $152.9 million in the quarter,
    and net loss expanded from $21.4 million to $37.7 million, or $0.34 per share.
    Adjusted for one-time items, the loss was $0.20, but even that was a shock
    because analysts were expecting $0.12 in earnings per share on $162.9 million
    in revenue. 
    Complete article on Motley Fool:
    “Why 3D Systems Corporation’s Shares Plunged a Whopping
    30% Today”

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    https://www.fool.com/investing/2017/11/01/why-3d-systems-corporations-shares-plunged-a-whopp.aspx