Ennis’ consolidated net sales were $142.5 million for the quarter ended May 31, 2012, compared to $143.3 million for the same period of 2011. Print sales (including the Printegra and PrintXcel acquisitions) for the quarter were $87.3 million vs. $67.1 million, or an increase of 30.1 percent.
Commercial Printing Industry News Briefs from Printing Impressions’ March 2012 edition, including items on Indexx, PrintingForLess.com, RR Donnelley, Cenveo, Lifetouch Church Directories & Portraits, Annan & Bird Lithographers, Concord Litho, NPG Printing, and Minuteman Press.
STAMFORD, CT—Cenveo Inc. has agreed to sell its Forms and Business Documents Group to Ennis Inc., a manufacturer of printed business products and apparel headquartered in Midlothian, TX. The divestiture of the group, including the Printegra and PrintXcel brands, to Ennis is expected to better position that business for continued growth and success.
Cenveo’s divestiture of the group, including the Printegra and PrintXcel brands, to Ennis is expected to better position that business for continued growth. The combined sales of PrintXcel and Printegra reportedly total approximately $80 million annually. Substantially all employees of those two businesses will be offered positions with Ennis’ new operation.
MIDLOTHIAN, TX—Ennis Inc. has acquired all of the stock of Vandalia, OH-based Printgraphics Inc., which ranked 311th on the 2010 Printing Impressions 400 list with sales of $12.74 million. Ennis is ranked 12th with annual sales of nearly $518 million on the 400 ranking.
Ennis Inc. has acquired all of the stock of Printgraphics Inc. as of Oct. 1, 2011. (With $12.74 million in sales, the company ranked #311 on the 2010 Printing Impressions 400 list.) “The Ennis business model will allow us to operate as an autonomous business unit,” noted Paul Curry, who will continue in the role of Printgraphics’ president.
For the quarter, Ennis’ consolidated net sales decreased by $12.6 million, or 8.8 percent, to $130.4 million, down from $143.0 million for the quarter ended Aug. 31, 2010. Print sales for the quarter were stable at $69.2 million, compared to $69.1 million for the same period of last year.
For the quarter, consolidated net sales increased 1.8 percent to $143.3 million, up from $140.7 million for the quarter ended May 31, 2010. Print sales for the quarter were $67.1 million, compared to $67.8 million for the same quarter last year.
Consolidated net sales increased by $7.0 million, or 5.5 percent, from $127.8 million for the quarter ended Nov. 30, 2009 to $134.8 million in 2010. Print sales for the quarter were $69.5 million, compared to $70.6 million for the same period last year, or a decrease of 1.5 percent. Print margins decreased from 28.5 percent to 27.9 percent.
With publicly held companies on the 2010 Printing Impressions 400 reporting sales declines for their most recently completed fiscal years, pay levels for the principal officers at these large firms didn't necessarily follow suit. For most of the executives appearing here, their overall salaries were up significantly.
