Ennis Releases Q1 Results: Apparel Segment Continues Positive Movement

Midlothian, Texas-based Ennis Inc. has reported financial results for the first quarter ended May 31, 2013. The company's consolidated net sales for the quarter were $138.5 million compared to $142.5 million for the same quarter last year and $123.6 million for the sequential quarter. Print sales were down 6.8 percent on a comparable quarter basis, from $87.3 million to $81.4 million, but were up 2.0 percent on a sequential quarter basis from $79.8 million. Apparel sales increased 3.3 percent for the comparable quarter, from $55.2 million to $57.0 million, with a 10.6 percent increase in volume offset by a pricing decline of 7.3 percent, and increased 29.8 percent on a sequential quarter basis from $43.9 million. Consolidated gross profit margin ("margin") for the quarter increased 610 basis points from 19.8 percent, for the same quarter last year, to 25.9 percent.