Multi-Color Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2017; Provides Earning Guidance for the Fiscal 2018
For the six months, the company's net revenues were $498,474,000 against $468,634,000 a year ago. Operating income was $52,313,000 against $59,442,000 a year ago. Income before income tax was $40,786,000 against $47,025,000 a year ago. Net income was $29,332,000 against $32,444,000 a year ago. Core operating income, (Non-GAAP) was $57,883,000 against $60,238,000 a year ago. Core EBITDA, (Non-GAAP) was $82,724,000 against $84,232,000 a year ago. Core income before income taxes, (Non-GAAP) was $43,857,000 against $47,821,000 a year ago. Core net income and diluted EPS, (Non-GAAP) was $32,994,000 or $1.92 per share against $32,862,000 or $1.93 per share a year ago. Net income attributable to the company was $29,296,000 against $32,148,000 a year ago.
For the full year of 2018 the company expects core EPS forecast is now in the range of $3.80 to $3.90 for fiscal 2018. East African market acquisition completed in Tanzania in October with expected annual revenues of $12 million in large and fast-growing population region. Company expects its annual effective tax rate on core net income to be approximately 29% in fiscal 2018.