ARC Document Solutions, Inc. (NYSE:ARC) Q4 2023 Earnings Call Transcript

David Marsh: Yes, makes a lot of sense.

Jorge Avalos: No problem.

David Marsh: Thanks very much. I appreciate the time.

Jorge Avalos: No problem.

Operator: [Operator Instructions] And we’ll go back to Greg Burns.

Gregory Burns: I just wanted to follow up with your outlook for 2024. If construction plan printing is stable, do you foresee the strategic growth areas driving net growth next year for the business?

Kumarakulasingam Suriyakumar: Well, yeah, we definitely feel so, especially given the activity we have been having with the customers. I think it will be going in the — it will definitely improve. Dilo, would you like to add to that?

Dilantha Wijesuriya: Yeah. I mean if you take a look at Q4 as a proxy, our strategic business line growth overtook the drop in plan printing. So if the plan printing stabilizes in 2024, definitely, we’ll see that growth. But we are fully focused on building our strategy, building our push behind those specific growth initiatives. And that, as I said in the call, all our management teams are fully behind that. Over the last two years, we’ve been putting certain things in place, and now we are enjoying the benefits of that.

Gregory Burns: Okay. Great. Thank you.

Operator: And at this time, there are no further questions. I’ll hand things back to Mr. David Stickney for any additional or closing remarks.

David Stickney: Thanks, Lisa, and thank you, everyone, for your attention tonight. We appreciate your continuing interest in ARC and encourage you to reach out with us — to us with any questions about our progress. In the meantime, we look forward to talking with you soon on our first quarter call in early May. Thanks, and have a good evening.

Operator: And once again, that does conclude this conference. Thank you all for your participation. You may now disconnect.