Ennis' apparel sector continues to show strong sales growth

21 Dec '10

4 min read

For the nine month period, net sales increased from $396.4 million for the nine months ended November 30, 2009 to $418.6 million for the nine months ended November 30, 2010, or 5.6%. Print sales for the period were $206.5 million, compared to $216.3 million for the same period last year, or a decrease of 4.5%. Apparel sales for the period were $212.1 million, compared to $180.1 million for the same period last year, or an increase of 17.8%.

Print margins increased from 27.9% to 28.8%, while Apparel margins increased from 22.7% to 27.8%, for the nine months ended November 30, 2009 and 2010, respectively. Net earnings increased from $25.4 million, or 6.4% of sales, for the nine months ended November 30, 2009 to $34.8 million, or 8.3% of sales, for the nine months ended November 30, 2010. Diluted earnings increased from $0.98 per share to $1.34 per share for the nine months ended November 30, 2009 and 2010, respectively.

The Company, during the quarter, generated $18.1 million of EBITDA (earnings before interest, taxes, depreciation, and amortization) compared to $18.2 million for the comparable quarter last year. For the nine month period ended November 30, 2010, the Company generated $64.1 million of EBITDA during the period, compared to $51.3 million for the comparable period last year.

Ennis Inc

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