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Ennis Reports Results for Three- and Nine-Month Periods

Ennis reports financial results for three- and nine-month periods, ended Nov. 30, 2017. 

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MIDLOTHIAN, Texas-Ennis, a manufacturer and supplier of print products for the wholesale trade, reports financial results for three- and nine-month periods, ended Nov. 30, 2017. The overview includes the company’s continuing print operations.

The organization reports the following highlights:

  • An increase in revenues by $4.9 million, or 5.5 percent on a comparative quarter basis, and $12.8 million, or 4.7 percent for the nine-month period.
  • An increase in gross profit margin from 28.5-31.9 percent on a comparative quarter basis, and an increase from 29.2-32 percent for the nine-month period.
  • An increase in diluted earnings-per-share from continuing operations from 22-33 cents on a comparative quarter basis, and from 74-97 cents for the nine-month period, an increase of 50 percent and 31.1 percent, respectively.

In addition to earnings, Ennis reports that its Board of Directors declared a quarterly cash dividend of 20 cents-per-share of its common stock on Dec. 21, 2017.

The report rounds out a busy year for the company. In January 2017, the company announced both a relocation of its subsidiary Printgraphics and the acquisition of Independent Printing Company.

“We continue to be pleased with our operational performance this fiscal year and our ability to successfully put the negative overhangs of the prior fiscal year behind us,” states Keith Walters, CEO of Ennis in the report. “Our most recent acquisition continues to perform well with operating results improving as our integration plans progress.”

For more information, visit www.ennis.com.

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Mike Clark

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