ARC Group Worldwide, Inc. Announces Earnings Results for the Second Quarter Ended January 1, 2017
February 09, 2017 at 06:03 pm IST
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ARC Group Worldwide, Inc. announced earnings results for the second quarter ended January 1, 2017. For the quarter the company reported second quarter 2017 revenue was $28.2 million, an 18.3% increase compared to the fiscal second quarter of 2016. The growth in sales reflects the progress in customer-centric efforts, as well as continued strength in the firearms and defense industries. Facility EBITDA from Continuing Operations for the fiscal second quarter was $3.5 million, an increase of 9.6% compared to the prior year period of $3.2 million. Net loss of $0.7 million for the fiscal second quarter was comparable to the net loss in the prior year period of $0.6 million.
RM2 International, Inc. is the owner and operator of the BLOCKPal, a technologically advanced, composite pallet. The Company provides its customers with end-to-end logistics Intelligence Optimization & Tracking (RM2 ELIoT) Internet of Things (IoT) technology for pallet traceability, delivering real-time actionable insights and data to improve the supply chain visibility to the manufacturing and distribution businesses it serves. The BLOCKPal pallets are provided to customers across a range of industries, with a particular focus on those where hygiene and traceability are of critical importance. Its IoT sensor data are transmitted to the cloud via the long-term evolution-machine (LTE-M) network, making visible the palletâs location and condition both indoors and in transit without requiring any additional hardware or information technology (IT) development. The Companyâs RM2 ELIoT is a cloud-based supply chain intelligence platform. It issues more than 1.5 million pallets annually.
RM2 INTERNATIONAL, INC. 
