Wednesday, May 15, 2013

Consolidated Graphics Q4 and Year End Results

CGX Reports Increases for Q4 and Year Ended March 31, 2013: Consolidated Graphics today announced financial results for its fourth quarter and year ended March 31, 2013. Revenue for the March 2013 quarter increased to $251.0 million, compared to $250.6 million for the same quarter last year due to a .5 percent same-store sales increase, excluding election related business. Adjusted Operating Income increased 115 percent for the quarter to $12.8 million or 5.1 percent of revenue, compared to $6.0 million or 2.4 percent of revenue last year. Adjusted Net Income increased 167 percent to $7.6 million for the quarter, compared to $2.9 million for the prior year. Adjusted Diluted Earnings Per Share for the March quarter increased 182 percent to $.79, compared to $.28 last year. Adjusted EBITDA increased 22.9 percent to $30.7 million for the quarter and Free Cash Flow was $32.4 million.