ARC Group Worldwide, a specialist in 3D printing and MIM, reports that sales for the year were US$112.5 million, reflecting 35.7% growth over fiscal year 2014. The increase in sales was driven by acquisitions completed during the fourth quarter of the prior fiscal year. However, existing business unit sales for the year declined during the period, stemming from several factors, including weakness in the firearms and medical segments, as well as the decline in the euro.
Fiscal year fourth quarter 2015 revenue was US$28.8 million, an increase of 21.9% compared to the prior year period. The increase was largely the product of the acquisition of Kecy Corporation, completed during the fourth quarter of the prior fiscal year.
‘We completed an exciting year at ARC, which was very much a transitional year,’ said Jason Young, Chairman and CEO. ‘While we were disappointed in the recent organic sales performance of the business given some of the headwinds in our end markets, we are encouraged by the full product solution buildout that we have begun to offer our customers. [...] Further, the growth of our metal 3D printing business has shown promise, and we continue to develop proprietary technology in software, R&D, robotics,and automation, all of which should help our customers have a more efficient process from a cost and time perspective.’
This story is reprinted from material from Arc Group, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.