Presidio, Inc. reported consolidated earnings results for the third quarter and nine months ended March 31, 2018. For the quarter, the company reported total revenue of $665.1 million against $628.8 million a year ago. Operating income was $18.3 million against $14.4 million a year ago. Loss before income taxes was $5.0 million against $30.9 million a year ago. Net income was $0.6 million against loss of $15.0 million a year ago. Diluted EPS was $0.01 against LPS of $0.20 a year ago. Net cash provided by operating activities was $18.1 million against $13.0 million a year ago. Additions of equipment under sales-type and direct financing leases was $30.9 million against $12.4 million a year ago. Additions to equipment under operating leases were $0.3 million against $0.8 million a year ago. Purchases of property and equipment was $3.3 million against $2.2 million a year ago. Pro forma adjusted net income was $26.9 million against $26.8 million a year ago. Pro forma diluted EPS was $0.28 against $0.28 a year ago. Adjusted EBITDA was $49.0 million against $52.7 million a year ago. Adjusted Net Income was $26.8 million against $22.8 million a year ago. EBITDA was $40.4 million against $36.1 million a year ago.

For the nine months, the company reported total revenue of $2,091.7 million against $2,088.3 million a year ago. Operating income was $85.8 million against $72.2 million a year ago. Income before income taxes was $36.0 million against loss of $15.6 million a year ago. Net income was $119.5 million against loss of $6.0 million a year ago. Diluted EPS was $1.24 against LPS of $0.08 a year ago. Net cash provided by operating activities was $142.7 million against $96.3 million a year ago. Additions of equipment under sales-type and direct financing leases was $80.6 million against $76.3 million a year ago. Additions to equipment under operating leases were $1.5 million against $1.6 million a year ago. Purchases of property and equipment was $10.5 million against $8.9 million a year ago. Adjusted Net Income was $89.9 million against $69.8 million a year ago. Adjusted EBITDA was $165.8 million against $165.7 million a year ago. Pro forma adjusted net income was $93.2 million against $84.4 million a year ago. Pro forma diluted EPS was $0.97 against $0.89 a year ago. EBITDA was $152.4 million against $137.5 million a year ago.

For the fiscal year ending June 30, 2018, the company expects Total Revenue growth is expected to be in the low single-digit range; Adjusted EBITDA margin is expected to be in the high 7% range; Pro Forma Diluted EPS is expected to grow in the mid to high single-digit range; Net total leverage is expected to be 3.0x at the end of fiscal year 2018, including the impact of the Red Sky acquisition. The reduction of statutory federal tax rate for the year ending June 30, 2018 from 35.0% to 28.1%

The company provided tax rate guidance for the fiscal year ending June 30, 2019. The company expects that federal corporate tax rate will be reduced to 21% in its fiscal year ending June 30, 2019.