Multi-Color Corporation Declares Quarterly Dividend
February 01 2019 - 1:01PM
Cincinnati, OH - Friday, February 1, 2019 -
Multi-Color Corporation (NASDAQ:LABL) announced today that its
Board of Directors declared the Company's quarterly cash dividend
for the fourth quarter of fiscal year 2019. The dividend is a
payment of five cents per common share, payable March 1, 2019, to
shareholders of record at the close of business on February 15,
2019.
Safe Harbor
Statement
This report contains certain statements that are not historical
facts that constitute forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995, and that
are intended to be covered by the safe harbors created by that Act.
All statements contained herein other than statements of historical
fact are forward-looking statements. Forward-looking statements
include statements regarding our future financial position,
business strategy, budgets, projected costs, plans and objectives
of management for future operations. The words "may," "continue,"
"estimate," "intend," "plan," "will," "believe," "project,"
"expect," "anticipate" and similar expressions (as well as the
negative versions thereof) may identify forward-looking statements,
but the absence of these words does not necessarily mean that a
statement is not forward-looking. With respect to the
forward-looking statements, we claim the protection of the safe
harbor for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995. Reliance should not be
placed on forward-looking statements because they involve known and
unknown risks, uncertainties and other factors which may cause
actual results, performance or achievements to differ materially
from those expressed or implied. Such forward-looking statements
speak only as of the date made. The Company undertakes no
obligation to update any forward-looking statements to reflect
events or circumstances after the date on which they are made.
Statements concerning expected financial
performance, on-going business prospects or strategies, and
possible future actions which the Company intends to pursue in
order to achieve strategic objectives constitute forward-looking
information. Implementation of these strategies and the achievement
of such financial performance or business prospects are each
subject to numerous conditions, uncertainties and risk factors..
Factors which could cause actual performance by the Company to
differ materially from these forward-looking statements include,
without limitation: factors discussed in conjunction with a
forward-looking statement; changes in global economic and business
conditions; changes in business strategies or plans; raw material
cost pressures; availability of raw materials; availability to pass
raw material cost increases to our customers; interruption of
business operations; changes in, or the failure to comply with,
government regulations, legal proceedings and developments,
including but not limited to, tax law changes; acceptance of new
product offerings, services and technologies; new developments in
packaging; our ability to effectively manage our growth and execute
our long-term strategy; our ability to manage foreign operations
and the risks involved with them, including compliance with
applicable anti-corruption laws; currency exchange rate
fluctuations; tariffs and tradewars; our ability to manage global
political uncertainty; terrorism and political unrest; increases in
general interest rate levels and credit market volatility affecting
our interest costs; competition within our industry; our ability to
consummate and successfully integrate acquisitions; our ability to
recognize the benefits of acquisitions, including potential
synergies and cost savings; failure of an acquisition or acquired
company to achieve its plans and objectives generally; risk that
proposed or consummated acquisitions may disrupt operations or pose
difficulties in employee retention or otherwise affect financial or
operating results; risk that some of our goodwill may be or later
become impaired; the success and financial condition of our
significant customers; our ability to maintain our relationships,
arrangements and agreements with our significant customers on terms
and conditions consistent with historical terms and conditions,
including, without limitation, with respect to amount of sales,
pricing and margins; dependence on certain significant customers;
dependence on information technology; our ability to market new
products; our ability to maintain an effective system of internal
control; ongoing claims, lawsuits and governmental proceedings,
including environmental proceedings; availability, terms and
developments of capital and credit; dependence on key personnel;
quality of management; our ability to protect our intellectual
property and the potential for intellectual property litigation;
employee benefit costs; and risk associated with significant
leverage. The Company undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise. In addition to
the factors described in this paragraph, Part I, Item 1A of our
Annual Report on Form 10-K for the year ended March 31, 2018
contains a list and description of uncertainties, risks and other
matters that may affect the Company.
About Multi-Color
(http://www.mcclabel.com)
Cincinnati, Ohio, U.S.A. based Multi-Color
Corporation (MCC), established in 1916, is a leader in global label
solutions supporting a number of the world's most prominent brands
including leading producers of home and personal care, wine and
spirits, food and beverage, healthcare and specialty consumer
products. MCC serves
national and international brand owners in North,
Central and South America, Europe, Africa, China, Southeast Asia,
Australia and New Zealand with a comprehensive range of the latest
label technologies in Pressure Sensitive, Cut and Stack, Wraps,
Aluminum, In-Mold, Shrink Sleeve and Heat Transfer. MCC employs
approximately 8,400 associates across 71 label producing operations
globally and is a public company trading on the NASDAQ Global
Select Market (company symbol: LABL).
For additional information on Multi-Color, please
visit http://www.mcclabel.com.
For more information, please contact:
Sharon E. Birkett
Vice President and Chief Financial Officer
Multi-Color Corporation, (513) 345-5311
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Multi-Color Corporation via Globenewswire
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