Digital Print, Elections Boost CGX Q3 Results

Operating income during the December 2012 quarter was $23.3 million, compared to $17.6 million for the prior year. Net income for the quarter was $16.3 million or $1.68 diluted earnings per share, compared to $10.8 million or $1.04 diluted earnings per share last year.

Joe R. Davis, chairman and CEO of Consolidated Graphics, commented, "Revenue growth this quarter was driven by growth in digital print revenue, which increased 3.6 percent, as well as strong election-related revenue. The sales growth we experienced was made possible by investment in our best of class digital print platform, along with our technology infrastructure and solutions. Looking forward, we are optimistic that with an improving U.S. economy in 2013, we will experience greater demand for our products and services."