CSS Industries (CSS) Posts Q3 Loss of $0.77

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Go back to CSS Industries (CSS) Posts Q3 Loss of $0.77

CSS Industries Reports Fiscal 2019 Third Quarter Results

February 7, 2019 4:15 PM EST

Company revises net sales, net income and adjusted EBITDA outlook for fiscal 2019

Third Quarter Summary

Net sales of $133.2 million increased 2.0 percent over the prior fiscal year quarter, reflecting the contribution from the Simplicity acquisition, partially offset by lower base business sales. Net loss of $6.8 million included $9.8 million of income tax expense in the quarter primarily related to a non-cash valuation allowance. Adjusted EBITDA of $14.7 million compared to $19.5 million in the prior year quarter, driven primarily by the mix of lower base business volume.... More