Consolidated Graphics Reports EPS of $.77

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Consolidated Graphics, Inc.
CGX
today announced financial results for the quarter ended September 30, 2010. Revenue grew 3.4% to $260.1 million for the September quarter, compared to the prior year. The increase was due to improved election-related sales and an acquisition, partially offset by a slight decline in same-store sales. Adjusted Operating Income for the September 2010 quarter improved to $17.0 million (6.5% of revenue), a 59% increase, compared to $10.6 million (4.2% of revenue) for the same quarter last year. Adjusted Net Income for the September 2010 quarter was $9.0 million, or $.77 Adjusted Diluted Earnings Per Share, compared to Adjusted Net Income of $4.6 million, or $.40 Adjusted Diluted Earnings Per Share for the prior year. Operating income was $15.4 million in the September 2010 quarter, compared to operating income of $6.6 million in the prior year quarter, an improvement of $8.8 million or 134%. Net income for the September 2010 quarter was $8.1 million, or $.69 diluted earnings per share, compared to $2.1 million or $.18 diluted earnings per share for the prior year quarter.
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