ARC Group Worldwide, Inc. Reports Adjusted EPS of $0.23 for Quarter Ending September 30, 2012

  ARC Group Worldwide, Inc. Reports Adjusted EPS of $0.23 for Quarter Ending
  September 30, 2012

Business Wire

DELAND, Fla. -- November 14, 2012

ARC Group Worldwide, Inc. (NASDAQ Capital Market: ARCW; “ARC”) reported today
Adjusted Earnings Per Share (“Adjusted EPS”) of $0.23 for the quarter ending
September 30, 2012. The first quarter results were driven largely by combined
sales and revenue resulting from the reverse acquisition of ARC by Quadrant
Metals Technologies (“QMT”), as well as the acquisition of Advanced Forming
Technology, Inc. and AFT-Hungary Kft, (both referred to herein as “AFT”).
Adjusted Earnings was $1.2 million and Adjusted Earnings before interest,
taxes, depreciation and amortization (“Adjusted EBITDA”) was $1.9 million.

Adjusted EPS, Adjusted Earnings and Adjusted EBITDA are non-GAAP financial
measures. These measures represent results of operations of the company net of
any of the nonrecurring expenses related to the reverse acquisition
transaction between ARC and QMT as well as the acquisition of AFT. Non-GAAP
financial measures are not in accordance with, or an alternative for,
generally accepted accounting principles in the United States. The Company's
non-GAAP financial measures are not meant to be considered in isolation or as
a substitute for comparable GAAP financial measures, and should be read only
in conjunction with the Company's consolidated financial statements prepared
in accordance with GAAP. The reconciliation to GAAP is as follows (in
thousands except share and per share amounts):

                                                   First Quarter
GAAP to Non-GAAP Reconciliation                     2012         2011
Earnings reported for the Quarter ended            $ (89       )  $ 1,057
September 30, 2012
Attributable to ARC Group Worldwide, Inc.
Gain on Bargain purchase                             (381      )     -
Merger expenses                                     1,637        -
Adjusted Earnings                                  $ 1,167         $ 1,057
Interest                                             167             118
Tax                                                  -               -
Depreciation and Amortization                       572          193
Adjusted EBITDA                                    $ 1,906       $ 1,368
Adjusted Earnings                                  $ 1,167         $ 1,057
Weighted Average of Common Shares                   5,149,700    4,029,700
Adjusted Earnings Per Share                        $ 0.23          $ 0.26

The Company reported a net loss of $89 thousand for the first quarter ending
September 30, 2012, a decrease from the first quarter 2011 net income of $1.1
million, driven by nonrecurring expenses resulting from the reverse
acquisition and acquisition transactions.

Total sales revenue for the quarter ending September 30, 2012 and October 2,
2011 was $13.5 million and $7.3 million, respectively. The increase in sales
was driven largely by the additional sales resulting from acquisition

About ARC

ARC, through its operating subsidiaries AFT, QMT, and ARC Wireless LLC and ARC
Wireless Ltd., is a global diversified manufacturer active in metal injection
molding, flanges, specialty hermetic seals, and wireless equipment. For more
information about ARC, please visit


This press release may contain “forward-looking” statements as defined in the
Private Securities Litigation Reform Act of 1995, which are based on ARC’s
current expectations, estimates and projections about future events. These
include, but are not limited to, statements, if any, regarding business plans
and integration efforts related to the recent transactions, pro-forma
statements and financial projections, ARC’s ability to expand its services and
realize growth and efficiencies through the acquisitions discussed herein,
merger-related expenses and the impact of the transaction on ARC’s earnings,
market share and capital position. These statements are not historical facts
or guarantees of future performance, events or results. Such statements
involve potential risks and uncertainties, such as ARC’s ability to integrate
QMT and AFT as planned and the general effects of financial, economic, and
regulatory conditions affecting our industries. Accordingly, actual results
may differ materially. Neither ARC nor QMT nor AFT undertake any obligation to
publicly update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise. For additional factors that
may affect future results, please see filings made by ARC with the Securities
and Exchange Commission (“SEC”), including its Form 10-Q for the three months
ending September 30, 2012.


ARC Group Worldwide, Inc.
Norma Caceres, 303-467-5236
Chief Financial Officer
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