Adjusted consolidated revenue was $58.4 million for the three-month period ended September 30, 2016 compared to $59.7 million for the same period in the prior year. The 2.2% revenue decline was primarily due to the closure of the Printwest printing plant and consolidation.
On a same-store basis, Glacier’s revenues were essentially flat year over year. The improved revenue performance versus prior quarters was driven by strong revenue increases from a range of business divisions, notably ERIS, STP, Fundata, REW.ca and agricultural information. There was also a reduction in the rate of community media revenue declines. Click here for further details.
Year to date, Glacier’s EBITDA of $23.3 million is 4.5% higher than the same period in 2015. Glacier’s business information and community media segments posted EBITDA increases in the quarter. Business information EBITDA growth was generated by a variety of businesses, including agricultural information, STP, REW.ca and Inceptus. The energy and mining information businesses continue to be affected by weak energy and commodities markets. Community media continues to benefit from the 2015 and year-to-date restructuring efforts.
Please click here to review Glacier’s consolidated financial statements for the third quarter.