According to the company, the strength in sales reflected robust demand across the high growth markets including the medical/dental, aerospace, automotive, and firearm/defence industries.
Fiscal year fourth quarter 2014 revenue was US$23.7 million, an increase of 21.5% compared to the prior year period. The increase was largely the product of acquisitions completed during the period, while the modest organic sales growth reflects a recent slowdown in the firearm/defence industry and the sales cycle inherent in the overall business.
Based on preliminary results for the first quarter ended September 28, 2014, ARC expects record sales of approximately US$28 million for the first quarter of 2015, an increase of over 50% compared to the first fiscal quarter of 2014.
Holistic strategy
"We are pleased to report strong annual results,” said Jason Young, chairman and CEO. "We believe our holistic strategy of combining additive and subtractive manufacturing, along with the implementation of technology in traditional manufacturing, will continue to position ARC as an ideal supplier to our customer base, while helping clients accelerate their speed-to-market."