Ennis Reports Second Quarter Fiscal 2006 Results
Ennis, Midlothian, Texas, recently reported financial results for the fiscal quarter and six months ended Aug. 31.
For the second quarter of fiscal 2006, the company's net sales were $148.1 million, compared to $73.4 million in the comparable quarter last year—an increase of $74.7 million. For the six-month period, its net sales were $297.2 million, compared to $139.1 million the prior year. The company's net income of $10.6 million for the quarter ended Aug. 31 increased by $5.2 million above the prior year's quarterly level of $5.4 million, and by $11.2 million in the current six-month period from the prior year.
Ennis also reported that diluted earnings per share were $0.41 and $0.82, respectively, for the quarter and six months ended in Aug. 2005, compared to $0.32 and $0.59 per share in the prior year. The company generated $23.8 million and $47.8 million in EBITDA (earnings before interest, taxes, depreciation and amortization) for the second quarter and first six months of fiscal year 2006, compared to $10.9 million and $20.8 million in the comparable periods of fiscal year 2005. The increases in both periods over the previous year's periods were due primarily to the acquisitions of Alstyle Apparel, Crabar/GBF and Royal Business Forms.
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