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CSS Industries Inc (CSS.N)

CSS.N on New York Stock Exchange

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6 Dec 2019
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Latest Key Developments (Source: Significant Developments)

CSS Industries Posts Q2 Adjusted Earnings Per Share of $0.59
Friday, 15 Nov 2019 

Nov 14 (Reuters) - CSS Industries Inc ::CSS INDUSTRIES REPORTS FISCAL 2020 SECOND QUARTER RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.59.Q2 EARNINGS PER SHARE $0.39.Q2 SALES $96 MILLION VERSUS $112.9 MILLION.REAFFIRMS OUTLOOK FOR FISCAL 2020.REVISES FISCAL 2020 NET SALES & NET INCOME GUIDANCE.SEES FY NET SALES ARE EXPECTED TO BE IN RANGE OF $346 MILLION TO $352 MILLION.SEES FY2020 NET LOSS TO BE IN RANGE OF $2 MILLION TO $4 MILLION."OUR Q2 RESULTS WERE SLIGHTLY BELOW OUR PRIOR EXPECTATIONS".  Full Article

Css Industries Inc Reaches Cooperation Agreement With Varana Capital
Monday, 1 Jul 2019 

July 1 (Reuters) - CSS Industries Inc ::CSS INDUSTRIES, INC. REACHES COOPERATION AGREEMENT WITH VARANA CAPITAL.CSS INDUSTRIES INC - AGREES TO APPOINT TWO NEW INDEPENDENT DIRECTORS TO CSS BOARD.CSS INDUSTRIES INC - CSS BOARD OF DIRECTORS HAS BEEN EXPANDED TO TEN MEMBERS.CSS INDUSTRIES INC - APPOINTED TO MEMBERSHIP TWO NEW INDEPENDENT DIRECTORS RECOMMENDED BY VARANA CAPITAL, PHILIP R. BROENNIMAN AND DAVID SILVER..CSS INDUSTRIES INC - VARANA CAPITA AGREED TO VOTE IN SUPPORT OF ELECTION OF CSS'S SLATE OF RECOMMENDED DIRECTORS.CSS INDUSTRIES INC - VARANA CAPITAL WILL ALSO ABIDE BY CERTAIN CUSTOMARY STANDSTILL PROVISIONS.  Full Article

Css Industries Inc Announces Resignation Of Chief Financial Officer
Friday, 28 Jun 2019 

June 27 (Reuters) - CSS Industries Inc ::CSS INDUSTRIES, INC. ANNOUNCES RESIGNATION OF CHIEF FINANCIAL OFFICER.SAYS CFO KEITH W. PFEIL RESIGNED.COMPANY IS CONDUCTING A SEARCH FOR A NEW CHIEF FINANCIAL OFFICER.  Full Article

CSS Industries Inc Says Co, Some Units Entered Second Amendment To Its Credit Agreement, Dated March 7
Friday, 31 May 2019 

May 30 (Reuters) - CSS Industries Inc ::CSS INDUSTRIES INC - ON MAY 23, CO, SOME UNITS ENTERED INTO A SECOND AMENDMENT TO ITS CREDIT AGREEMENT, DATED MARCH 7.CSS INDUSTRIES INC - AMENDMENT REDUCES AGGREGATE PRINCIPAL AMOUNT OF REVOLVING CREDIT FACILITY FROM $125 MILLION TO $100 MILLION.  Full Article

CSS Industries Reports Q4 Loss Per Share Of $2.65
Friday, 31 May 2019 

May 30 (Reuters) - CSS Industries Inc ::CSS INDUSTRIES REPORTS FISCAL 2019 FULL YEAR AND FOURTH QUARTER RESULTS.Q4 ADJUSTED LOSS PER SHARE $1.18.Q4 LOSS PER SHARE $2.65.Q4 SALES FELL 11.7 PERCENT TO $72 MILLION.SEES FY 2020 SALES $355 MILLION TO $365 MILLION.SAYS ANNOUNCES SUSPENSION OF ITS QUARTERLY DIVIDEND.PREVIOUSLY ANNOUNCED RESTRUCTURING PLAN WILL GENERATE ONGOING RUN-RATE SPENDING REDUCTIONS OF ABOUT $22 MILLION BY END OF FISCAL 2020.SAYS EXPECTS TO RECORD A RESTRUCTURING CHARGE OF APPROXIMATELY $2 MILLION IN ITS Q1 OF FISCAL 2020.CSS INDUSTRIES - IDENTIFIED ABOUT 7,000 SKUS, OR 14% OF TOTAL SKUS, TO BE ELIMINATED, REDUCING RUN-RATE SPENDING RELATED TO DEVELOPMENT PROCESS.SAYS FY 2020 NET LOSS IS EXPECTED TO BE IN RANGE OF $0 MILLION TO $2 MILLION.  Full Article

Css Industries Q3 Loss Per Share $0.77
Friday, 8 Feb 2019 

CSS Industries Inc ::CSS INDUSTRIES REPORTS FISCAL 2019 THIRD QUARTER RESULTS.Q3 LOSS PER SHARE $0.77.Q3 SALES ROSE 2 PERCENT TO $133.2 MILLION.SEES FY 2019 SALES $390 MILLION TO $400 MILLION.SEES FY 2019 SALES UP 8 TO 11 PERCENT.COST SAVINGS INITIATIVES IMPLEMENTED IN JAN 2019 EXPECTED TO DRIVE APPROXIMATELY $1 MILLION OF SAVINGS TO FISCAL Q4.COST SAVINGS INITIATIVES IMPLEMENTED IN JAN 2019 ALSO EXPECTED TO GENERATE APPROXIMATELY $4 MILLION IN SAVINGS ON AN ANNUALIZED BASIS.  Full Article

CSS Industries Enters Into Certain Waiver And Amendment No. 5
Saturday, 3 Nov 2018 

Nov 2 (Reuters) - CSS Industries Inc ::CSS INDUSTRIES INC - ENTERED INTO THAT CERTAIN WAIVER AND AMENDMENT NO. 5 TO CREDIT AGREEMENT DATED MARCH 17, 2011 - SEC FILING.CSS INDUSTRIES INC - AMENDMENT DECREASES AGGREGATE COMMITTED AMOUNT TO $100 MILLION UNTIL JANUARY 31, 2019 AND TO $50 MILLION AT ALL TIMES THEREAFTER.CSS INDUSTRIES - AMENDMENT DECREASES MAXIMUM ALLOWABLE AMOUNT FOR PERMITTED ACQUISITIONS FROM AND AFTER NOV 1, 2018 FROM $20 MILLION TO $10 MILLION PER YEAR.  Full Article

CSS Industries Q2 Loss Per Share $0.54
Friday, 2 Nov 2018 

Nov 1 (Reuters) - CSS Industries Inc ::CSS INDUSTRIES REPORTS FISCAL 2019 SECOND QUARTER RESULTS.Q2 LOSS PER SHARE $0.54.Q2 SALES ROSE 11.3 PERCENT TO $112.9 MILLION.SEES FY 2019 SALES $398 MILLION TO $412 MILLION.SEES FY 2019 SALES UP 10 TO 14 PERCENT.COMPANY REAFFIRMS OUTLOOK FOR FISCAL 2019 NET SALES AND ADJUSTED EBITDA; REDUCES NET INCOME GUIDANCE.EXPECTS TO GENERATE NET SALES OF $398 MILLION TO $412 MILLION IN ITS FISCAL YEAR ENDING MARCH 31, 2019.CSS INDUSTRIES - RESTRUCTURING EXPENSES WERE $2.1 MILLION IN QUARTER, ATTRIBUTABLE TO PREVIOUSLY ANNOUNCED U.K. CONSOLIDATION.NET LOSS OUTLOOK FOR FISCAL 2019 IS REVISED AND EXPECTED TO BE IN RANGE OF $10.2 MILLION TO $12.5 MILLION.  Full Article

CSS Industries Q1 Loss Per Share $2.03
Thursday, 2 Aug 2018 

Aug 1 (Reuters) - CSS Industries Inc ::CSS INDUSTRIES REPORTS FISCAL 2019 FIRST QUARTER RESULTS.Q1 ADJUSTED LOSS PER SHARE $1.31.Q1 LOSS PER SHARE $2.03.Q1 SALES ROSE 33 PERCENT TO $64.1 MILLION.SEES FY 2019 SALES $398 MILLION TO $412 MILLION.SEES FY 2019 SALES UP 10 TO 14 PERCENT.NET LOSS OUTLOOK IS REVISED AND EXPECTED TO BE IN RANGE OF $5 MILLION TO $7.5 MILLION FOR 2019.  Full Article

Fitlosophy Announces Strategic Acquisition By C.R. Gibson
Saturday, 2 Jun 2018 

June 1 (Reuters) - Fitlosophy Inc : :FITLOSOPHY EXCITED TO ANNOUNCE STRATEGIC ACQUISITION BY C.R. GIBSON, LLC.FITLOSOPHY INC SAYS ANNOUNCES ITS ACQUISITION BY C.R. GIBSON LLC, A CSS INDUSTRIES INC CO.  Full Article