Aceto Corp. reported unaudited consolidated earnings results for the first quarter ended Sep. 30, 2017. For the quarter, net sales were $185,255,000 against $128,018,000 a year ago. Operating income was $7,219,000 against $8,765,000 a year ago. Income before income taxes was $2,138,000 against $6,780,000 a year ago. Net income was $454,000 or $0.01 per diluted share against $4,385,000 or $0.15 per diluted share a year ago. Adjusted net income was $10,682,000 or $0.30 per diluted share against $8,277,000 or $0.28 per diluted share a year ago.

For the fiscal year ending June 30, 2018, at current exchange rates, the company expects total revenues to increase approximately 15% to 20%, reported diluted GAAP earnings per share between $0.23 and $0.33 and diluted Non-GAAP earnings per share between $1.05 and $1.15.