AM and MIM specialist ARC Group Worldwide, reports revenue of US$28.2 million for fiscal Q2 2017, an increase of 18.3% on fiscal Q2 2016. Gross profit was US$4.8 million, an increase of 16.3%.
‘While strength in the firearm and defense industries helped drive growth in the quarter, we continue to see momentum with our customer-centric initiatives,’ said Jason Young, CEO. ‘Further, our focus on accelerating speed-to-market for our customers continues to be core to their needs. While these initiatives have temporarily impacted margins, our recent successful launch of numerous new programs validates the business model, and we believe these efforts should translate into increased margin opportunities in the future.’
This story uses material from ARC Group, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.