Civitas Solutions (CIVI) Misses Q2 EPS by 8c

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Civitas Solutions Reports Fiscal 2015 Second Quarter Results

May 12, 2015 4:01 PM EDT

BOSTON--(BUSINESS WIRE)-- Civitas Solutions, Inc. (NYSE: CIVI) today reported financial results for the fiscal second quarter ended March 31, 2015.

First Half and Second Quarter Fiscal 2015 Highlights

Second quarter net revenue increased 9.4% to $335.2 million Second quarter Adjusted EBITDA increased 17.6% to $37.1 million Second quarter net income was $1.7 million, compared to net loss of $12.2 million in the second quarter of fiscal 2014 We redeemed the remaining senior notes We completed five acquisitions during... More