CGX Sees Slight Sales Increases for Q4, Fiscal Year

Adjusted operating income increased 115 percent for the quarter to $12.8 million or 5.1 percent of revenue, compared to $6.0 million or 2.4 percent of revenue last year. Adjusted net income increased 167 percent to $7.6 million for the quarter, compared to $2.9 million for the prior year. Adjusted diluted earnings per share for the March quarter increased 182 percent to $.79, compared to $.28 last year. Adjusted EBITDA increased 22.9 percent to $30.7 million for the quarter and free cash flow was $32.4 million.