Election Work Decline Sparks CGX Revenue Dip

Adjusted operating income was $15.7 million or 6.1 percent of revenue for the quarter, compared to $14.7 million or 5.6 percent of revenue for the same period last year. Adjusted net income increased 48 percent or $4 million and was $12.3 million for the September quarter, compared to $8.3 million in the prior year quarter. Adjusted diluted earnings per share for the September quarter increased 49 percent to $1.25, compared to $.84 last year. Adjusted EBITDA was $32 million for the quarter and free cash flow was $13.7 million.