Consolidated Graphics Posts Revenue and Income Declines

Adjusted operating income for the quarter ended Dec. 31, 2011, was $20.6 million or 7.2 percent of revenue, compared to $30.2 million or 10.1 percent of revenue the previous year. Adjusted net income was $12.6 million, compared to $18.7 million for the prior-year quarter.

Operating income, which included a $2.0 million goodwill impairment charge, was $17.6 million for the quarter. Operating income for the prior year quarter was $28.2 million and included impairment charges of $1.0 million. Net income was $10.8 million, compared to $17.6 million last year.