For the nine months ended March 31, 2013, GAAP net earnings from continuing operations of $78 million increased 86% compared to $42 million in the comparable period last year. Non-GAAP net earnings from continuing operations were $94 million compared to $83 million in the comparable period last year. GAAP diluted earnings per share from continuing operations increased to $0.62 per share compared to $0.33 per share for the comparable period last year. Non-GAAP diluted earnings per share from continuing operations were $0.74 per share compared to $0.65 per share for the comparable period last year. The impairment charges and IBM Migration costs decreased GAAP diluted earnings per share by $0.16 and $0.06, respectively, in the same period last year.
During the first nine months of fiscal year 2013, our recurring revenue closed sales of $58 million decreased 26% from last year's comparable period. Free cash flow was $37 million. In addition, the Company repurchased approximately 6 million shares of Broadridge common stock under its stock repurchase plan at an average price of approximately $23.21 per share.
Share Repurchase Plan Authorization
On April 30, 2013, the Board authorized an additional stock repurchase program for the repurchase of up to 6 million shares of Broadridge common stock. With this authorization, the Company currently has approximately 10 million shares available for repurchase under its share repurchase plans. The share repurchases will be made in the open market or in privately negotiated transactions in compliance with applicable legal requirements and other factors.
Fiscal Year 2013 Financial Guidance
We are reaffirming our full year guidance. We anticipate recurring revenue growth in the range of 4% to 7% and total revenue growth in the range of 3% to 4%, GAAP earnings from continuing operations before income taxes margins in the range of 13.8% to 14.4%, and Non-GAAP earnings from continuing operations before income taxes margins in the range of 15.1% to 15.7%.
We anticipate GAAP diluted earnings per share from continuing operations in the range of $1.60 to $1.70, and Non-GAAP diluted earnings per share from continuing operations in the range of $1.76 to $1.86, based on diluted weighted-average shares outstanding of approximately 128 million shares. Our free cash flow is expected to be in the range of approximately $200 million to $250 million. Our recurring revenue closed sales are expected to be in the range of $110 million to $150 million.
The Non-GAAP earnings margins guidance range excludes the projected impact of Acquisition Amortization and Other Costs, and restructuring charges. The Non-GAAP pre-tax earnings margins and diluted earnings per share guidance ranges increased from the guidance we provided in August 2012 as a result of the exclusion of the impact of Acquisition Amortization and Other Costs which were not excluded in the guidance we provided in August 2012. Our guidance does not take into consideration the effect of any future acquisitions, additional debt or share repurchases.
Description of Non-GAAP Adjustments:
In certain circumstances, results have been presented that are not generally accepted accounting principles measures ("Non-GAAP") and should be viewed in addition to, and not as a substitute for, the Company's reported results. Net earnings, diluted earnings per share and pre-tax earnings margins excluding Acquisition Amortization and Other Costs, Restructuring and Impairment Charges and IBM Migration costs are Non-GAAP measures. These measures are adjusted to exclude costs incurred by the Company in connection with amortization and other charges associated with the Company's acquisitions, the termination of the Outsourcing Services Agreement with Penson and the migration of its data center to IBM, as Broadridge believes this information helps investors understand the effect of these items on reported results and provides a better representation of our actual performance.
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