Multi-Color Corporation (NASDAQ:LABL)

Third Quarter 2012 Results

• Net revenues increased 76% to $146.4 million from $83.4 million compared to the three months ended December 31, 2010.
•  Excluding the impact of the special items noted below, adjusted EPS decreased to $0.31 cents per diluted share from $0.38 cents in the prior year quarter. Net income attributable to Multi-Color Corporation decreased to $1.6 million from $4.8 million in the prior year quarter. Adjusted for special items, net income attributable to Multi-Color Corporation decreased to $5 million from $5.1 million in the prior year quarter.

Organic revenue growth was 7% in the current quarter compared to the prior year quarter. The former York Label Group third quarter revenues were on par with the prior year quarter in North America, but lower in Chile. The third quarter is traditionally the former York Label Group`s lowest quarter for revenue and earnings. After our first quarter of owning the former York Label business we maintain our expectations for the acquisition to be accretive in fiscal 2013, based on adjusted earnings per share," said Nigel Vinecombe, President and CEO of Multi-Color Corporation.

On 8/22/2011 we added LABL to the GeoSpecial list @ $24.78

Catalyst: Strong first quarter 2011 results; Makes accretive acquisition.

We are now removing LABL from the GeoSpeicial List @ $22.23

Current road block: Third Quarter EPS of $0.31 down from prior year of $0.38 and also missed analyst estimate of $0.45

• Peak performance: Reached a high of  $28.00 on 10/27/2011 for a maiximum potential return of 13%
• Current Price: $22.86

Second Quarter 2012 Results

• Net revenues increased 13% to $102.6 million from $90.6 million compared to the three months ended September 30, 2010.
• Diluted earnings per share (EPS) decreased to $0.35 cents per diluted share from $0.43 cents in the three months ended September 30, 2010. Excluding the impact of the special items noted below, adjusted EPS increased to $0.50 cents per diluted share from $0.49 cents in the prior year quarter.

We are pleased that our North American and Asia Pacific revenues and operating profits were up for the September quarter over last year.  These were somewhat offset by additional costs incurred for extra capacity in Europe and Latin America in the quarter as we geared up for market share growth in these regions," said Nigel Vinecombe, President and CEO of Multi-Color Corporation.

CINCINNATI, OHIO - August 26, 2011 - Multi-Color Corporation (NASDAQ:  LABL) announced today that it has agreed to acquire 100% ownership of York Label Group to strengthen Multi-Color`s leadership in the Home & Personal Care, Food & Beverage and Wine & Spirit label markets in North America and Chile.

The combined Company is expected to have annual revenues of approximately $640 million at closing.  This makes Multi-Color Corporation the largest label company in the U.S. and the fastest growing globally with revenues more than tripling since the beginning of 2008.

The approximate purchase price for York Label Group is $356 million, payable in debt assumed, Multi-Color stock and cash.  The acquisition is expected to be accretive in fiscal year ended March 2013.  Closing is expected on or about October 3, 2011.

First quarter highlights included:

• Net revenues increased 36% to $100.6 million from $74.1 million compared to the three months ended June 30, 2010. Net revenues increased 29% or $21.8 million in the three months ending June 30, 2011 due to acquisitions and start-ups that occurred after June 30, 2010. The remaining increase was due to a 5% favorable impact of foreign exchange rates primarily driven by the strengthening Australian dollar, a 1% increase in sales volumes and a 1% favorable pricing impact.

• Diluted earnings per share (EPS) increased to $0.66 cents per diluted share from $0.30 cents. Excluding the impact of the special items noted below, adjusted EPS increased 65% to $0.66 cents per diluted share from $0.40 cents. Net income attributable to Multi-Color Corporation increased to $8.9 million from $3.7 million in the prior year quarter. Adjusted for special items, net income attributable to Multi-Color Corporation increased to $9 million from $5 million in the prior year quarter.

"Net revenues reached $100 million for the first time in the first quarter. Higher gross margin and lower SG&A as a percentage of net revenues continued to drive increased earnings per share with adjusted diluted EPS up 65% over the prior year quarter," said Nigel Vinecombe, President and CEO of Multi-Color Corporation.