Multi-Color Corporation announced unaudited consolidated earnings results for the third quarter and first nine months ended December 31, 2016. For the quarter, the company announced net revenues of $210,658,000 compared to $206,028,000 for the same period a year ago. Operating income was $20,416,000 compared to $17,397,000 for the same period a year ago. Income before income taxes was $15,400,000 compared to $10,645,000 for the same period a year ago. Net income attributable to the company was $12,126,000 compared to $9,628,000 for the same period a year ago. Diluted earnings per common share were $0.71 compared to $0.57 for the same period a year ago. Core operating income, (non-GAAP) was $21,181,000 compared to $19,798,000 for the same period a year ago. Core EBITDA, (non-GAAP) was $32,875,000 compared to $31,480,000 for the same period a year ago. Core income before income taxes, (non-GAAP) was $15,278,000 compared to $13,046,000 for the same period a year ago. Core net income (non-GAAP) was $11,894,000 or $0.70 per diluted share compared to $11,456,000 or $0.68 per diluted share for the same period a year ago. Capital expenditure was $16 million compared to $8.2 million in the prior year quarter.

For the first nine months, the company announced net revenues of $679,292,000 compared to $643,732,000 for the same period a year ago. Operating income was $79,858,000 compared to $71,710,000 for the same period a year ago. Income before income taxes was $62,425,000 compared to $52,485,000 for the same period a year ago. Net income attributable to the company was $44,274,000 compared to $39,452,000 for the same period a year ago. Diluted earnings per common share were $2.60 compared to $2.33 for the same period a year ago. Core operating income, (non-GAAP) was $81,419,000 compared to $77,492,000 for the same period a year ago. Core EBITDA, (non-GAAP) was $117,107,000 compared to $110,769,000 for the same period a year ago. Core income before income taxes, (non-GAAP) was $63,099,000 compared to $58,401,000 for the same period a year ago. Core net income (non-GAAP) was $44,756,000 or $2.63 per diluted share compared to $42,638,000 or $2.52 per diluted share for the same period a year ago. Capital expenditures were $34.1 million compared to $28.2 million in the prior year period. The company had $484.3 million debt as at December 31, 2016, compared to $506.8 million as at December 31, 2015.

The company provided effective tax rate guidance for the full year of fiscal 2017. The company expects its annual core effective tax rate to be approximately 29% in fiscal 2017. Capital expenditures for fiscal 2017 is $50 million.