Ennis Revenue Up in Second Quarter
• Consolidated gross profit margins increased 400 basis points ("bps") over the comparable six month period last year.
• Diluted earnings per share increased from $0.63 per share for the same period last year to $0.97 for the current period, or an increase of 54.0 percent.
Financial Overview
For the quarter, consolidated net sales increased by $5.2 million, or 3.8 percent, from $137.8 million for the quarter ended Aug. 31, 2009 to $143.0 million for the quarter ended Aug. 31, 2010. Print sales for the quarter were $69.1 million, compared to $73.9 million for the same quarter last year, or a decrease of 6.5 percent. Apparel sales for the quarter were $73.9 million, compared to $63.9 million for the same quarter last year, or an increase of 15.6 percent. Overall gross profit margins ("margins") increased from 26.0 percent to 27.8 percent for the quarters ended Aug. 31, 2009 and Aug. 31, 2010, respectively. Print margins decreased from 28.7 percent to 28.2 percent, and apparel margins increased from 22.9 percent to 27.4 percent, for the quarters ended Aug. 31, 2009 and Aug. 31, 2010, respectively. Net earnings, for the quarter, increased from $9.5 million, or 6.9 percent of sales, for the quarter ended Aug. 31, 2009 to $12.1 million, or 8.5 percent of sales, for the quarter ended Aug. 31, 2010. Diluted EPS increased from $0.37 per share to $0.47 per share for the quarters ended Aug. 31, 2009 and Aug. 31, 2010, respectively.
- Companies:
- Ennis
- Places:
- Midlothian, Texas