Multi-Color Corp. (LABL) Misses Q3 EPS by 29c, Updates Guidance, Announces Strategic Alternatives Process

Multi-Color Corp. (NASDAQ: LABL) reported Q3 EPS of $0.50, $0.29 worse than the analyst estimate of $0.79. Revenue for the quarter came in at $397 million versus the consensus estimate of $412.24 million.

GUIDANCE:

Multi-Color Corp. sees FY2019 EPS of $3.50-$3.90, versus the consensus of $4.25.

Strategic Alternatives Process

Today, the Company also announced that its Board of Directors is exploring strategic alternatives to enhance shareholder value, including, among other things, the potential sale of the Company.

The Company noted that there can be no assurance that the exploration of strategic alternatives will result in any transaction being entered into or consummated. The Company does not intend to comment further regarding the strategic review process until it is complete or further disclosure is required by law.

The Company has retained Goldman Sachs & Co. LLC as its financial advisor and Sidley Austin LLP as its legal counsel to assist in this review process.

For earnings history and earnings-related data on Multi-Color Corp. (LABL) click here.

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