Ennis Inc reports 9.4% rise in net earnings by Aug 06

25 Sep '06

3 min read

Ennis Inc reported financial results for the three and six months ended August 31, 2006.

For the quarter, net sales increased by $3.6 million, or 2.4 percent from $148.1 million for the three months ended August 31, 2005 to $151.7 million for the three months ended August 31, 2006.

Sales in the Print Segment for the quarter were $82.3 million, compared to $83.9 million for the same quarter last year. The Apparel Segment sales for the quarter were $69.5 million, compared to $64.2 million for the same quarter last year.

The Print Segment's margins increased slightly from 24.5 percent to 24.9 percent, while the Apparel Segment's margins decreased slightly from 26.0 percent to 25.6 percent, for the three months ended August 31, 2005 and 2006, respectively.

Net earnings for the quarter increased by $1.0 million, or 9.4 percent, from $10.6 million for the three months ended August 31, 2005 to $11.6 million for the three months ended August 31, 2006.

For the period, net sales decreased slightly from $297.2 million for the six months ended August 31, 2005 to $296.8 million for the six months ended August 31, 2006, or 0.1 percent. Sales in the Print Segment for the period were $159.4 million, compared to $164.6 million for the same period last year.

The Apparel Segment sales for the period were $137.5 million, compared to $132.6 million for the same period last year. Due mainly to improved margins realized at the Apparel Group during the period, the Company's overall margins improved from 25.1 percent to 25.6 percent for the six months ended August 31, 2005 and 2006, respectively.

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