Multi-Color Corporation reported unaudited consolidated earnings results for the first quarter ended June 30, 2016. For the period, the company's net revenues were $236,494,000 against $217,920,000 a year ago. Operating income was $29,282,000 against $26,066,000 a year ago. Income before income tax was $23,096,000 against $19,801,000 a year ago. Net income was $15,910,000 against $13,254,000 a year ago. Core operating income, (Non-GAAP) was $29,605,000 against $28,386,000 a year ago. Core EBITDA, (Non-GAAP) was $41,480,000 against $38,676,000 a year ago. Core income before income taxes, (Non-GAAP) was $23,419,000 against $22,121,000 a year ago. Diluted earnings per share were $0.93 against $0.79 a year ago. Core net income and diluted EPS, (Non-GAAP) was $16,080,000 or $0.95 per share against $15,423,000 or $0.91 a year ago.

The company expects its annual effective tax rate to be approximately 32% in fiscal 2017.