Revenue during the quarter grew 5.69 percent to $56.70 million from $53.65 million in the previous year period. Gross margin for the quarter contracted 2 basis points over the previous year period to 49.72 percent. Total expenses were 88.88 percent of quarterly revenues, down from 90.04 percent for the same period last year. This has led to an improvement of 116 basis points in operating margin to 11.12 percent.

Operating income for the quarter was $6.30 million, compared with $5.34 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $9.91 million compared with $10.22 million in the prior year period. At the same time, adjusted EBITDA margin contracted 156 basis points in the quarter to 17.48 percent from 19.05 percent in the last year period.

Bill Gay, chairman and chief executive officer, commented, “Our fiscal 2016 net sales grew by $16.5 million, or 7.6%, primarily as a result of the Dynamic Health and Aubrey Organics acquisitions that were completed in the first two quarters of the fiscal year. Fiscal 2016 net income increased by $3.4 million, or 22.2%, and Adjusted EBITDA increased by $4.5 million, or 11.6%, to $43.4 million. We are optimistic that these acquisitions will continue to contribute during fiscal 2017. We continue to pursue potential acquisitions as a core component of our business strategy.”