ARC Group Worldwide Wins another MIM Prize at 2021
Engineering collaboration paid off for this powder metallurgy (PM) metal injection molding (MIM) enclosed striker. A Metal Powder Industries Federation (MPIF) 2021 PM Design Excellence Awards Competition winner, engineers set their sights on S7 tool steel as the material of choice for part functionality. The winners in the 2021 Powder Metallurgy (PM) Design Excellence Awards competition, sponsored by the Metal Powder Industries Federation (MPIF), demonstrate outstanding examples of PM’s diversity. From electric vehicles to golf putters, these components use PM’s…
ARC Group Worldwide Wins another MIM Prize at 2021
The powder metallurgy (PM) metal injection molding (MIM) process was selected for this intricate key blade used in an electronic security system. This precipitation hardened stainless steel component was a Metal Powder Industries Federation (MPIF) 2021 PM Design Excellence Awards Competition winner. The winners in the 2021 Powder Metallurgy (PM) Design Excellence Awards competition, sponsored by the Metal Powder Industries Federation (MPIF), demonstrate outstanding examples of PM’s diversity. From electric vehicles to golf putters, these components use PM’s flexibility to…
ARC Group Worldwide Wins another MIM Prize at 2021 MPIF Powder Metallurgy Design Excellence Competition
This worm gear won an award in the Metal Powder Industries Federation (MPIF) 2021 PM Design Excellence Awards Competition. These innovative, powder metallurgy (PM) automotive transmission locking mechanism components were manufactured by the metal injection molding (MIM) process. MIM processing was selected because of the complexity of the helical gear teeth and the adjacent shaft geometry. The winners in the 2021 Powder Metallurgy (PM) Design Excellence Awards competition, sponsored by the Metal Powder Industries Federation (MPIF), demonstrate outstanding examples of…
ARC Group Worldwide Posts 33% Revenue Growth in First Quarter FY22
Friday, December 10, 2021 4:30 PM DELAND, FL / ACCESSWIRE / December 10, 2021 / ARC Group Worldwide, Inc. (“ARC” or the “Company”), a leading global provider of advanced manufacturing, today reports its results for the first fiscal quarter ending September 26, 2021. ARC reports large improvements across all major financial metrics for the organization. First Quarter Fiscal Year 2022 Results Net sales were $15.2 million, up 32.7% from the prior-year period; Gross profit was $3.3 million, up 56.9% from…
ARC Group Worldwide Reports Solid Performance with Fiscal Year Results
DELAND, FL / ACCESSWIRE / December 6, 2021 / ARC Group Worldwide, Inc. (“ARC” or the “Company”), a leading global provider of advanced manufacturing, today announces financial results for the fiscal year 2021, ended June 30, 2021. Fiscal Year Results Net sales of $62.2 million, up 28.1% from the prior-year period; Gross profit of $14.1 million, up 106.8% from the prior-year period; Gross margin of 22.6%, up 860 basis points from the prior-year period. Operating expenses of $7.3 million, down…
ARC Group Worldwide Wins another MIM Prize at 2021 MPIF Powder Metallurgy Design Excellence Competition
In the Medical/Dental Category for MIM components, an award was given to ARC Group Worldwide for this pusher used in the ratcheting assembly for the consistent placement of high viscosity adhesives used as an alternative to sutures or staples in surgical procedures. A Metal Powder Industries Federation (MPIF) 2021 PM Design Excellence Awards Competition winner, the pusher required no machining. The winners in the 2021 Powder Metallurgy (PM) Design Excellence Awards competition, sponsored by the Metal Powder Industries Federation (MPIF),…
ARC Group Wins MIM Grand Prize at 2021 MPIF Powder Metallurgy Design Excellence Competition
In the Hand Tools/Recreation Category for MIM components, a Grand Prize was also awarded to ARC Group Worldwide for a quick-disconnect assembly used for a variety of small handheld devices such as binoculars, cameras, and firearms. Utilizing MIM allowed for a near-net-shape molded assembly and enabled the incorporation of smooth transitions and rounded edges, as well as the elimination of any machining marks on the visible portions of the parts. The winners in the 2021 Powder Metallurgy (PM) Design Excellence…
ARC Group Worldwide Wins MIM Grand Prize at 2021 MPIF Powder Metallurgy Design Excellence Competition
In the Aerospace/Military/Firearms Category for MIM components, a Grand Prize has been awarded to ARC Group Worldwide for an enclosed striker used in the firing mechanism of a commercial handgun. The part is made in a 2-cavity mold, and strategic tool design and staging was implemented. Post-sintering, HIP, and heat treatment are performed to increase mechanical properties. The position of the tip to the primary body of the component is critical for part functionality. The parts are finished with an…
Third Quarter Fiscal 2021: ARC Group Worldwide, Inc. Reports Marked Improvement in Profitability and Topline Growth
DELAND, FL; May 10, 2021 – ARC Group Worldwide, Inc. (“ARC” or the “Company”), a leading global provider of advanced manufacturing, today announced its operating results for the third quarter ended March 28, 2021. Highlights for the third quarter of fiscal year 2021 compared to the third quarter fiscal year 2020 for Continuing Operations: Net sales were $16.4 million, increasing by 28.2%; Gross profit was $4.0 million, increasing by 117.9%; Operating expenses were $1.9 million, decreasing by 2.0%; Interest and…
ARC Group Worldwide Engages Imperial Capital, LLC to Explore Strategic Alternatives
DELAND, FL / ACCESSWIRE / April 5, 2021 / ARC Group Worldwide, Inc. (“ARC” or the “Company”) announced that they have hired Imperial Capital, LLC (“Imperial Capital”), a full-service Investment Bank, to serve as exclusive financial advisor to explore strategic alternatives for the Company. Imperial Capital has extensive experience advising clients in the Advanced Manufacturing sector. Jedidiah Rust, CEO of ARC said, “After the successful completion of several years of restructuring and rebuilding our core business of metal and plastic injection…
ARC Group Worldwide Announces Investment in Veloxint CIF.
DELAND, FL; March 17, 2021 – ARC Group Worldwide, Inc. (“ARC” or the “Company”), in conjunction with its majority shareholder Quadrant Management, announced that they have entered into an ownership investment into Veloxint CIF (“Veloxint”) to enhance the development and commercialization of the nanocrystalline metal alloy materials. The agreement combines the 30 year powder metallurgy knowledge and sintering expertise at ARC with the cutting edge nano-enabled powders produced by Veloxint. ARC has begun the process of testing and commercializing the use…
ARC Group Worldwide Reports Strong Increase in Revenue and Profitability for the Fiscal Second Quarter 2021
DELAND, FL / ACCESSWIRE / February 8, 2021 / ARC Group Worldwide, Inc. (OTC PINK:ARCW) (“ARC” or the “Company”), a leading global provider of advanced manufacturing, today reports its results for the second fiscal quarter ending December 27, 2020. ARC reports sequential quarterly income growth for fiscal year to date 2021. Highlights for the second quarter of fiscal year 2021 compared to the second quarter fiscal year 2020 for Continuing Operations: Net sales were $14.5 million, increasing by 23.4%; Gross profit…
ARC Group Worldwide Announces Return to Profitability for the Fiscal First Quarter 2021
DELAND, FL; January 25, 2021 – ARC Group Worldwide, Inc. (“ARC” or the “Company”), a leading global provider of advanced manufacturing, today reports its results for the first fiscal quarter ending September 27, 2020. ARC reports net income for the three months and continued improvement compared to the prior period last year. Highlights for the first quarter of fiscal year 2021 compared to the first quarter fiscal year 2020 for Continuing Operations: · Net sales were $11.4 million, increasing by 7.7%; · Gross…
ARC’s Wiseman Appointed to the Industry Development Board of the MPIF
Friday, November 13, 2020 12:30 PM Company Update DELAND, FL / ACCESSWIRE / November 13, 2020 / ARC Group Worldwide, Inc. (“ARC” or the “Company”) today announced that Michael Wiseman, Vice President of Engineering was recently appointed to the Industry Development Board [IDB] of the Metal Powder Industries Federation (MPIF). The IDB coordinates the marketing and public relations activities of the MPIF toward expanding the market for powder metallurgy parts and products. The Board is comprised of industry experts and…
ARC Group Worldwide Successfully Completes Financial Restructuring
DELAND, Oct. 7, 2020 – ARC Group Worldwide, Inc. (“ARC” or the “Company”) today announced it has successfully completed its financial restructuring and emerged better positioned for the long-term with significantly reduced debt, a stronger balance sheet and enhanced financial flexibility. Over the last year, the Company has taken steps to reduce its debt by approximately $34 million. To see the full Financial Report, please click here Contact: Investor Relations Phone: (303)467-5236 Email: InvestorRelations@arcw.com
ARC Group Worldwide Wins Three MIM Awards At 2020 MPIF Powder Metallurgy Design Excellence Competition
Princeton, NJ (MPIF): A Grand Prize has been awarded to ARC Group Worldwide in the Hardware/Appliances Category for metal injection molded (MIM) components, for a gearbox used in a drive system for motorized blinds. The component holds nine gears that rotate when actuated, to allow blinds to function with a remote-control device. An Award of Distinction in the Aerospace/Military/Firearms Category for Metal Injection Molded (MIM) components, has been given to ARC Group Worldwide for lever actuators for vanes in a…
ARC Group Worldwide, Inc. Announces Third Quarter 2019 Results
DELAND, FL., May 17, 2019—ARC Group Worldwide, Inc. (“ARC”or the “Company”) (NASDAQ: ARCW), a leading global provider of advanced manufacturing, today reported its results for the third fiscal quarter ending March 31, 2019. Highlights for the third quarter of fiscal year 2019 compared to the third quarter fiscal year 2018 for Continuing Operations: Sales of $19.9 million, a decrease of 5.7%; Gross Deficit of $(0.2)million, a decrease of 113.7%; EBITDA of $(0.4) million, a decrease of 142.6% Highlights for the…
ARC Group Worldwide, Inc. Announces Third Quarter Fiscal 2019 Earnings Release Date and Conference Call
LONGMONT, CO – May 16, 2019 – ARC Group Worldwide, Inc. (“ARC” or the “Company”) (NASDAQ: ARCW), a leading global provider of advanced manufacturing solutions, announced today it will issue its earnings press release for the third quarter ended March 31, 2019 after the market closes on Friday, May 17, 2019. The Company’s earnings press release will be available on the Investor Relations section of the Company’s website at www.arcw.com. ARC also announced it will hold a conference call to discuss the quarterly results on Friday, May 17, 2019…
ARC Group Worldwide, Inc. Announces Second Quarter Fiscal 2019 Earnings Release Date and Conference Call
ARC Group Worldwide, Inc. Announces Second Quarter Fiscal 2019 Earnings Release Date and Conference Call LONGMONT, CO – February 12, 2019 — ARC Group Worldwide, Inc. (“ARC” or the “Company”) (NASDAQ: ARCW), a leading global provider of advanced manufacturing solutions, announced today it will issue its earnings press release for the second quarter ended December 30, 2018 after the market closes on Wednesday, February 13, 2019. The Company’s earnings press release will be available on the Investor Relations section of the Company’s website at www.arcw.com. ARC also announced it will hold a conference call to discuss the quarterly results on Wednesday, February 13, 2019 at…
ARC Group Worldwide, Inc. Announces First Quarter Fiscal 2019 Earnings Release Date and Conference Call
LONGMONT, CO –November 13, 2018–ARC Group Worldwide, Inc.(“ARC” or the “Company”) (NASDAQ: ARCW), a leading global provider of advanced manufacturing solutions announced today it will issue its earnings press release for the first quarter ended September 30, 2018after the market closes on Wednesday, November 14, 2018. The Company’s earnings press release will be available on the Investor Relations section of the Company’s website at www.arcw.com.ARC also announced it will hold a conference call to discuss the quarterly results on Wednesday, November 14, 2018 at 4:00 PM Eastern time. All interested parties can call 877-260-1479 and use code 533030 to listen into the call. A transcript will be available on the Investor Relations section of the Company’s website beginning approximately twenty four hours following the end of the conference call. To…