ARC Document Solutions, Inc. (NYSE:ARC) Q3 2023 Earnings Call Transcript

Jorge Avalos: Yes, and really what we’re doing is, I think I said the comment multiple times that I kind of view us as not having any bank debt because as I said in my script, the cash we have on hand in our quarters, we’re just using that cash to pay down that revolver to 0, which means I’m incurring 0 interest expense there. So kind of your comment of, can we bring it down? Well, as you said, right, if you look at our net cash number, we’re already at $11 million, how much lower can we go? And quick correction on the average share price that we bought back on the shares for the quarter, it was actually $3.46.

David Marsh: Got it. Thanks. I appreciate it. I’m going to pause there and see if anybody else wants to jump in.

Operator: There are no further questions at this time. I will now turn the call over to David Stickney for closing remarks.

David Stickney: Thanks very much for your interest this afternoon. As always, we very much appreciate your continued participation in our progress forward here. We look forward to talking with you again in February. Thanks very much, and have a great evening. Good night.

Operator: This concludes today’s conference call. You may now disconnect.