Nasco FY2016 Q2 Financial Update August 2016

Nasco reported total revenues of $145.9 million for fiscal Q2 2016, with 3.5% year-over-year growth driven by strength in Furniture and Science categories. Gross profit margins expanded 260 basis points to 38.1%, and the company achieved positive operating income of $2.0 million with improved working capital management and a total leverage ratio of 3.3x Adjusted EBITDA.