Industry News, Printers News

Multi Packaging Solutions Announces 1Q 2017 Results

Completes debt refinancing and two acquisitions.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Multi Packaging Solutions International Limited (MPS) announced results for its first quarter ended Sept. 30, 2016.   GAAP net sales for 1Q FY 2017 were $407.8 million vs. net sales for 1Q FY 2016 of $459.1 million, which includes negative foreign exchange effects in 1Q FY 2017 of $17.4 million when compared to the prior period. On a segment basis, North American sales were down $26.2 million from the prior year principally due to the decline in the multi-media market and some weakness in heal...

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