HOUSTON, Nov. 1 -- Consolidated Graphics, Inc. today announced financial results for its second quarter ended September 30, 2006. Revenue for the September quarter was $234.2 million, up 6% compared to $221.0 million a year ago. Net income for the September quarter was $13.7 million compared to net income of $9.3 million a year ago, resulting in a 48% increase in diluted earnings per share to a record $.98 from $.66 a year ago. For the six months ended September 30, 2006, total revenue was $472.7 million, up 10% compared to $430.9 million for the same period a year ago. Net income for the first six months of this year was $27.4 million compared to net income of $18.1 million a year ago, resulting in a 54% increase in diluted earnings per share to $1.96 from $1.27 a year ago. Commenting on the results, Joe R. Davis, Chairman and Chief Executive Officer of Consolidated Graphics stated, "We continue to capitalize on our many strategic advantages to grow sales and profits. I am particularly pleased with our 38% increase in operating margins to 10.2% in the September quarter, up from 7.4% last year and 9.4% in the June quarter, which reflects our ability to leverage sales growth as well as incremental purchasing and operating efficiencies. I am also pleased with our revenue growth of 6% in the September quarter and 10% year-to-date, which reflects strong contributions from our strategic sales initiatives and previously completed acquisitions." Mr. Davis continued, "We have a strong balance sheet supporting our growth strategies, including acquisitions. Our acquisition pipeline has grown to opportunities totaling $500 million in annual revenues in addition to the two companies currently under letters of intent. Our strong balance sheet also enables the execution of our share repurchase program pursuant to which we acquired 276,800 shares for $14.7 million in the September quarter." Mr. Davis concluded, "I expect the momentum from our revenue and profit growth initiatives to continue and drive more record results. For the December quarter, we project a 45% increase in diluted earnings per share to $1.03 on an 8% increase in revenues to $244 million, with each representing a projected quarterly record for Consolidated Graphics." - See comments and analysis of Consolidated Graphics' conference call at www.printCEOblog.com, entitled "Consolidated Graphics, a leading digital printer?"