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Ennis attributed their overall sales decreases to softness in the apparel market and continued pricing pressures. On a segment basis, our print margins increased, while apparel margins dropped due to continued higher input costs, primarily cotton.
"Our print operations continued to deliver revenue and operational results as expected," said Keith Walters, chairman, chief executive officer and president of Ennis Inc. "We feel good about our two print acquisitions this past year, and expect these acquisitions to add at least $80 million in sales and $.25 in diluted earnings."
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- Alstyle Apparel
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