Consolidated Graphics Reports Sharply Lower Results, Amended Credit Line

Despite the decline in results, the Company had strong free cash flow of $29.8 million for the June quarter compared to $29.5 million for the same quarter last year. Adjusted EBITDA for the June quarter was $20.1 million compared to $37.6 million a year ago. Additionally, total debt declined $29.1 million during the quarter to $285.1 million at the end of June.