Ennis Reports First Quarter 2014 Earnings
Ennis Inc., Midlothian, Texas, this week announced its financial results for the first quarter ended May 31, 2014. The company's consolidated net sales for the quarter were $141.2 million, an increase of $2.7 million (1.9 percent) from $138.5 million for the same quarter last year. Print sales were up $7 million (8.6 percent), while print margin increased 80 basis points from 29.7 percent to 30.5 percent, due to improved operational efficiencies. Apparel sales declined $4.2 million (7.4 percent) due to lower selling prices and slightly higher input costs.