CSS Industries (CSS) PT Lowered to $5.25 at DA Davidson
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CSS Industries (CSS) Suspends Dividend
May 30, 2019 4:31 PM EDTCSS Industries (NYSE: CSS) is announcing the suspension of its quarterly dividend as it focuses on its near-term priorities of liquidity and debt management.
... MoreCSS Industries (CSS) Reports Q4 Loss of $1.18, Revenues Miss; Offers FY20 Revenue Guidance Below Consensus
May 30, 2019 4:24 PM EDTCSS Industries (NYSE: CSS) reported Q4 EPS of ($1.18), versus $0.08 reported last year. Revenue for the quarter came in at $72 million versus the consensus estimate of $80.1 million.
Net sales of $72.0 million decreased 11.7 percent over the prior year quarter, driven primarily by lower craft, gift and seasonal volume in legacy businessNet loss of $23.4 million included $13.9 million of non-cash intangible asset impairment charges and $2.5 million of acquisition, integration and other costsAdjusted EBITDA was ($0.9) million compared to ($2.1) million in the prior year quarterFiscal 2019 was an extremely disappointing year, commented Christopher J. Munyan,... More
