Civitas Solutions (CIVI) Tops Q2 EPS by 5c
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Civitas Solutions Reports Fiscal 2016 Second Quarter Results
May 10, 2016 4:15 PM EDTBOSTON--(BUSINESS WIRE)-- Civitas Solutions, Inc. (NYSE: CIVI) today reported financial results for the fiscal second quarter ended March 31, 2016.
Second Quarter Fiscal 2016 Highlights
Second quarter net revenue increased 3.1% to $345.7 million; excluding at-risk youth ("ARY") divested operations, second quarter net revenue increased by 7.9% Second quarter Adjusted EBITDA increased 11.2% to $41.2 million; excluding ARY divested operations, second quarter Adjusted EBITDA increased by 15.7% Second quarter net income was $7.3 million, compared to net income of $1.7 million in the second quarter of fiscal 2015... More