Presidio, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended June 30, 2017; Provides Earnings Guidance for the Fiscal Year 2018
For the year ended, the company reported total revenue of $2,817.6 million against $2,714.9 million a year ago. Operating income was $108.1 million against $98.9 million a year ago. Income before income taxes was $4.4 million against loss before income taxes was $3.4 million a year ago. Net income was $4.4 million against net loss was $3.4 million a year ago. Diluted EPS was $0.05 against LPS of $0.0.05 a year ago. Net cash provided by operating activities was $51.0 million against $86.1 million a year ago. Additions of equipment under sales-type and direct financing leases was $100.1 million against $95.4 million a year ago. Additions to equipment under operating leases were $2.0 million against $2.7 million a year ago. Purchases of property and equipment was $11.4 million against $16.4 million a year ago. Adjusted revenue was $2,818.2 million against $2,683.7 million a year ago. Pro forma adjusted net income was $112.1 million against $94.3 million a year ago. Pro forma diluted EPS was $1.18 against $1.03 a year ago. Adjusted EBITDA was $226.1 million against $211.1 million a year ago. The decline in Total Revenue was impacted by an increase in the proportion of new software subscription sales in solutions; had the software subscription sales been sold on the same terms as the prior year, the decline would have been 0.1%.
Fiscal 2018 guidance, The company expects total revenue growth of approximately 5.5%; Adjusted EBITDA margin in the low 8% range; and Pro Forma Diluted EPS growth in the high single digit range.