Multi-Color Corporation reported its fiscal year 2015 results. Net revenues increased 15% to $810.8 million from $706.4 million in the prior year. Acquisitions occurring after the beginning of fiscal 2014 accounted for a 13% increase in revenue. Organic revenues increased 4%, 3% in volume and 1% due to the favorable impact of sales mix and pricing.
 
Fourth quarter core earnings per share increased 9% to $0.74 per diluted share from $0.68 in the prior year quarter.
 
“Fiscal 2015 achieved 4% organic growth and a 2% of revenues improvement in margins to 21% core gross margin and 13% core operating margin. Core EPS increased to $3.20, up 50% over the prior year. We have seen benefits from prior year improvement and integration activities. This has resulted in a new minimum level of performance on which to build in fiscal 2016, plus stronger cash flow and lower leverage positions us well to further develop our label markets,” said Nigel Vinecombe, president and CEO of Multi-Color Corporation.
 
Gross profit increased $41.2 million or 31% compared to the prior year. Acquisitions occurring after the beginning of fiscal 2014 contributed $19.9 million to the increase.
 
Net income increased 62% to $45.7 million from $28.2 million in the prior year. Core net income increased 52% to $54.0 million from $35.6 million in the prior year.
 
During the fourth quarter, net revenues increased 6% to $205.5 million from $193.5 million compared to the prior year quarter. Net revenues increased $14.4 million or 7% due to acquisitions occurring after the beginning of the fourth quarter of fiscal 2014.
 
Organic revenues increased 3% in volume and 1% due to the favorable impact of sales mix and pricing. Gross profit increased $5.2 million or 13% compared to the three months ended March 31, 2014.