ARC Document Solutions: ARC Reports 2020 Fourth Quarter and Full Year Results Including Annual Increase in Cash Flows 2020 $ $ $ $ $ Management Commentary "In 2020, our long-standing belief that ARC can be a dynamic, healthy and profitable company at any level of sales was put to the test," said Suri Suriyakumar, Chairman, President and CEO of ARC Document Solutions. "We not only passed the test, but surpassed our own expectations for what was possible." "We matched our 2019 annual adjusted earnings per share, increased annual cash flow from operations, held more cash on the balance sheet than in any year prior to the recession, and averaged well over $10 million per quarter in adjusted EBITDA in spite of a revenue decline of $93 million. Our performance validated the extraordinary actions taken by management to protect the company, our employees, and the communities in which we work, and it also allowed us to resume our focus on returning value to our shareholders," said Mr. Suriyakumar. "While we are well aware of the disruptions still being caused by the pandemic, we are confident that the increasing availability of vaccines and the easing of economic restrictions will help us leverage our performance later in the year."