For the six-month period, net sales decreased from $280.9 million to $273.8 million, or 2.5 percent. Print sales for the six-month period were $160.4 million, compared to $173.4 million for the same period last year, a decrease of $13.0 million, or 7.5 percent. Apparel sales for the six-month period were $113.4 million, compared to $107.5 million for the same period last year, or an increase of $5.9 million or 5.5 percent (volume up 11.6 percent and price down 6.1 percent). The consolidated margin increased from 22.1 percent to 26.5 percent for the six months ended Aug. 31, 2012 and 2013, respectively. Print margin increased during the period from 29.3 percent to 29.9 percent, as a result of the elimination of duplicative costs associated with the integration of acquisitions. Apparel margin increased 1,110 basis points from 10.6 percent to 21.7 percent during the period, due to lower input costs and increased production levels. Net earnings increased from $11.5 million, or 4.1 percent of net sales, for the six months ended Aug. 31, 2012 to $18.3 million, or 6.7 percent of net sales, for the six months ended Aug. 31, 2013. Diluted earnings per share increased 59.1 percent from $0.44 to $0.70 for the six months ended Aug. 31, 2012 and 2013, respectively.
- Companies:
- Ennis
- Places:
- Midlothian, Texas