"We made eight excellent business acquisitions in 2005 and intend to continue to pursue acquisition candidates that will provide long-term value to our stockholders." We had a record level of revenue in the fourth quarter and exceeded our previously issued earnings estimates. We had revenue growth of approximately 27% for the quarter and 29% for the year. This included solid organic revenue growth of approximately 12% for the quarter and the year," said Joe Holsten, president and CEO.
"Our net income increased for the full year by 50% and our diluted earnings per share increased 37%. We were particularly pleased with the expansion of our 2005 annual operating income margin to 9.7% compared to 8.2% in 2004, which was primarily attributable to improved operating cost leverage.