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The company said, "We are maintaining our earnings outlook for the full fiscal year. Although each of our segments experienced some customer project delays in the first quarter, we still expect these projects to be completed during this fiscal year. In addition, order rates for warehouse automation systems in our Industrial Technologies segment and for engineered solutions in our SGK Brand Solutions segment remain solid. We also expect that recent new brand account wins will contribute to our results. We remain cautious, however, as commodity cost increases will continue to offset some of these benefits. In addition, our Industrial Technologies segment experienced a slowing during the recent quarter in product identification order rates. We also continue to expect a higher consolidated income tax rate in fiscal 2019 as tax benefits discrete to fiscal 2018 will not repeat. As a result, based on our current projections, we are maintaining our targets to achieve growth in adjusted EBITDA in the mid-to-high single digit percentage range over fiscal 2018 and growth in non-GAAP earnings per share in the mid-single digit percentage range over fiscal 2018. In addition, we continue to expect to generate higher operating cash flow in fiscal 2019."

Reports Q1 revenue $374.2M, consensus $372.66M. The company said, "We posted solid operating performance for the fiscal 2019 first quarter. Seasonally, the first quarter is typically our slowest, and the fiscal 2019 first quarter was consistent with that expectation. For the current quarter, consolidated sales increased to $374.2 million, reflecting organic sales growth in our Memorialization and Industrial Technologies segments. Acquisitions, primarily Star Granite & Bronze, Compass Engineering and Frost Converting Systems, also contributed to our sales increase. We were able to maintain adjusted EBITDA performance consistent with last year at $46.5 million in spite of challenges in several of our businesses. This was primarily as a result of acquisition synergy realization and the continuous operating improvements of our businesses. In addition, operating cash flow for the fiscal 2019 first quarter was higher than a year ago. On a GAAP basis, comparability of earnings per share was impacted by significant income tax benefits discrete to the prior period (primarily related to changes in U.S. tax legislation) and an increase in the Company's interest expense in connection with our bond offering in December 2017. On a non-GAAP basis, adjusted earnings per share were $0.50 for the fiscal 2019 first quarter, compared to $0.64 per share a year ago. The decline was primarily due to non-operating items, as consolidated adjusted EBITDA for the quarter remained steady compared to the first quarter last year."