Multi-Color Corp. (LABL) Tops Q1 EPS by 7c
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Multi-Color Corporation Announces Core EPS at $0.95 and EPS at $0.93 for June Quarter
August 9, 2016 8:31 AM EDTCINCINNATI, OHIO, August 9, 2016 - Multi-Color Corporation (NASDAQ: LABL) announces: first quarter core earnings per share increased 4% to $0.95 per diluted share from $0.91 in the prior year quarter. Â
"Organic growth at 4% (excluding beer label exit from FY16) and gross margin increase to 22% for the quarter is driving positive earnings trend. Â Core EPS growth is expected to accelerate in the second half of fiscal 2017 with further operational efficiencies, compliance costs stabilizing and favorable prior year comparisons," said Nigel Vinecombe, Executive Chairman of Multi-Color Corporation.
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