Consolidated Graphics Posts Revenue and Income DeclinesFebruary 7, 2012
Additional Share Repurchase Authorization
On Feb. 6, 2012, the Board of Directors amended the share repurchase program by increasing the authorization to purchase the Company's common shares from $100 million to $170 million. Additionally, the expiration of the program was extended to Sept. 30, 2013. The amended share repurchase program enables the Company to repurchase shares of its common stock in open-market purchases as well as privately negotiated transactions, pursuant to applicable securities regulations, and subject to the terms of our bank facilities, market conditions and other factors. The board of directors may modify, suspend, extend or terminate the program at any time. Remaining authorization under the amended share repurchase program at Feb, 6, 2012, was $100.5 million.
Consolidated Graphics (CGX), headquartered in Houston, is one of North America's leading general commercial printing companies. With 70 printing businesses strategically located across 27 states, Toronto, and Prague, and a presence in Asia, CGX offers an unmatched geographic footprint, unsurpassed capabilities, and unparalleled levels of convenience, efficiency and service. With locations in or near virtually every major U.S. market, CGX provides the service and responsiveness of a local printer enhanced by the economic, geographic and technological advantages of a large national organization.