Ennis Earnings Drop Nearly 20 Percent for Second Quarter

By Kyle A. Richardson

Ennis Inc., Midlothian, Texas, reported financial results for the three- and six-month periods this week. The company reported that net income decreased nearly 20 percent for the quarter over the same period last year.

For the quarter ended August 31, 2011, Ennis reported $9.7 million in net earnings, compared to $12.1 million for the same period last year. The six-month earnings were down roughly 16 percent, $21.1 million for 2011 versus $25.1 million in 2010. Revenue for the period fell approximately 9 percent, to $130.3 million.

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Kyle A. Richardson is the editorial director of Promo Marketing. He joined the company in 2006 brings more than a decade of publishing, marketing and media experience to the magazine. If you see him, buy him a drink.