Civitas Solutions (CIVI) Misses Q3 EPS by 7c

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Civitas Solutions Reports Fiscal 2016 Third Quarter Results

August 9, 2016 4:16 PM EDT

BOSTON--(BUSINESS WIRE)-- Civitas Solutions, Inc. (NYSE: CIVI) today reported financial results for the fiscal third quarter ended June 30, 2016.

Third Quarter Fiscal 2016 Highlights

Third quarter net revenue increased 2.3% to $354.0 million; excluding at-risk youth ("ARY") divested operations, third quarter net revenue increased by 6.5% Third quarter net income was $4.8 million, compared to net income of $0.6 million in the third quarter of fiscal 2015 Third quarter Adjusted EBITDA increased 4.0% to $40.6 million Completed two acquisitions during the third quarter, bringing the... More