ARC Group Worldwide, Inc. Reports Second Quarter Net Income of $0.8 Million

  ARC Group Worldwide, Inc. Reports Second Quarter Net Income of $0.8 Million

Business Wire

DELAND, Fla. -- February 13, 2013

ARC Group Worldwide, Inc. (NASDAQ Capital Market: ARCW; “ARC”) reported today
financial results for its fiscal 2013 second quarter ended December 30, 2012.
The Company posted second quarter sales revenue of $17.5 million and second
quarter net income attributable to ARC of $0.8 million, or $0.14 per diluted
share. These results compare to quarter sales revenue of $7.8 million and
quarter net income attributable to ARC of $1.2 million, or $0.30 per diluted
share in the year ago quarter. Gross profit was $4.3 million for the quarter
ended December 30, 2012 compared to $3.3 million in the year ago quarter. The
second quarter results were driven largely by combined sales revenue and the
related cost of sales 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”).

About ARC

ARC, through its operating subsidiaries AFT, QMT, 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 www.arcgroupworldwide.net.

IMPORTANT INFORMATION

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 8-K/A filed with the SEC
on September 28, 2012 and the Form 10-Q for the six months ending December 30,
2012.

Contact:

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