FAST-TRACK FIRMS —PADDING THE COFFERS
Most Recent Fiscal Year Sales: $206.08 million
Previous Fiscal Year Sales: $139.47 million
Percentage Change: 48 percent
Multi-Color Corp. is a global resource of decorating solutions and packaging services. Multi-Color is a producer of both in-mold labels (IMLs) and heat transfer labels (HTLs) and a manufacturer of cut-and-stack and pressure-sensitive labels and shrink sleeve packages.
Quick Pak, the company’s packaging services business, is a provider of promotional packaging, assembly, fulfillment and decoration services.
Multi-Color supports more than 330 brands at more than 650 customers in the U.S., Canada, Mexico, Central and South America. Customers include leading producers of health and beauty, food and beverage, personal care, automotive and household consumer brands.
The publicly traded company has hit several financial milestones in the past year, including:
• Net revenues increased to a record level due to strong organic growth and its NorthStar Print Group acquisition.
• Net income grew to $9.6 million, a 21 percent increase.
• Diluted earnings per share rose by 18 percent to a record $1.43.
• Shareholders’ equity increased 23 percent to more than $53 million.
• Total debt decreased by nearly $13 million, a 32 percent reduction.
As the inventor of the in-mold label, Multi-Color has a history of technical expertise. It reinvented the in-mold label for Procter & Gamble’s new Olay Body Wash. Using multiple printing processes and metallic holographic effects, Multi-Color’s new clear in-mold label adds stiffness to the container and improves the product’s overall dispensing performance.
Francis Gerace, president and CEO, attributes Multi-Color’s successful execution of its business plan as the reason the company is producing outstanding financial results. He points to the company’s relentless drive to constantly improve as the catalyst for the increasing number of satisfied customers and shareholders. PI