Ennis Posts Increase in Net Sales as Print Sales Spike
Net earnings for the period decreased from $21.1 million, or 7.7 percent of net sales, for the six months ended August 31, 2011 to $11.5 million, or 4.1 percent of net sales, for the six months ended August 31, 2012.
During the second quarter, the company generated $15.7 million in EBITDA (a non-GAAP financial measure calculated as net earnings before interest, taxes, depreciation, and amortization) compared to $19.0 million for the comparable quarter last year. For the six month period ended August 31, 2012, the company generated $25.7 million of EBITDA compared to $40.9 million for the comparable period last year.
About Ennis
Ennis Inc. is primarily engaged in the production and sale of business forms, apparel and other business products. The company is one of the largest private-label printed business product suppliers in the United States. Headquartered in Midlothian, TX, the company has production and distribution facilities strategically located throughout the United States of America, Mexico and Canada, to serve its national network of distributors. The company, together with its subsidiaries, operates in two business segments: print and apparel.
Source: Ennis.
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