Multi-Color Corporation reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2017. For the quarter, the company's net revenues were $256,034,000 against $232,140,000 a year ago. Operating income was $26,479,000 against $30,160,000 a year ago. Income before income tax was $22,486,000 against $23,929,000 a year ago. Net income was $15,190,000 against $16,534,000 a year ago. Earnings per diluted share was $0.88 compared to $0.96 a year ago. Core operating income, (Non-GAAP) was $31,109,000 against $30,633,000 a year ago. Core EBITDA, (Non-GAAP) was $43,854,000 against $42,751,000 a year ago. Core income before income taxes, (Non-GAAP) was $24,617,000 against $24,402,000 a year ago. Core net income and diluted EPS, (Non-GAAP) was $18,247,000 or $1.06 per share against $16,782,000 or $0.99 per share a year ago. Net income attributable to the company was $15,190,000 against $16,343,000 a year ago.

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.