Glacier Media, Inc. announced consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported revenue of $76.421 million compared to $61.027 million a year ago. EBITDA was $10.878 million compared to $10.732 million a year ago. EBITDA per share was $0.12 compared to $0.12 a year ago. Net income attributable to common shareholders before non-recurring items was $3.468 million compared to $3.840 million a year ago. Net income attributable to common shareholders before non-recurring items per share was $0.04 compared to $0.04 a year ago. Net income attributable to common shareholders was $2.914 million or $0.03 per share compared to $2.740 million or $0.03 per share a year ago. Cash flow from operations was $9.431 million compared to $9.885 million a year ago. Cash flow from operations per share was $0.11 compared to $0.11 a year ago. Capital expenditures were $2.974 million compared to $1.532 million a year ago. Consolidated revenue grew 25.2% during the first quarter of 2012 compared to the same period last year as a result of both organic growth and several acquisitions made in 2011, primarily the November 2011 acquisition of the Postmedia British Columbia community media assets. Consolidated EBITDA grew 1.4% during the quarter compared to last year. The company's consolidated revenue grew 1.7% and consolidated EBITDA grew 5.4% on a same-store basis for the quarter compared to last year. The company invested $3.0 million of capital expenditures during the quarter primarily on facility construction and expansion to accommodate new press equipment, additional production equipment, information technology infrastructure and software. The combination of revenue growth and cost efficiencies are expected to result in continued growth in profitability and cash flow in 2012.