CSS Industries (CSS) PT Lowered to $5.25 at DA Davidson
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CSS Industries Reports Fiscal 2019 Full Year and Fourth Quarter Results
May 30, 2019 4:15 PM EDTCompany announces the suspension of its quarterly dividend
Full Year Highlights
Net sales of $382.3 million, an increase of 5.6 percent over the prior year, driven by the full year contribution of the Simplicity acquisition Net loss of $53.5 million included $15.3 million of non-cash goodwill and intangible asset impairment charges, $8.4 million of acquisition, integration and other costs, $7.6 million of non-cash tax expense to write-off deferred tax assets and $3.1 million of restructuring expenses Adjusted EBITDA of $15.0 million, down $9.3 million from the prior year, driven mainly by volume... More