Ennis Inc. Releases Yearly and Quarterly Results
Monday, printing and apparel wholesale manufacturer Ennis Inc., Midlothian, Texas, released its quarterly and yearly financial results for the period ended February 28, 2011.
For the year, the company reported a 6.2 percent revenue increase, or $32.3 million, over the previous year, with an 8.2 percent increase of $10 million for the quarter.
Much of the company's increase in revenue can be attributed to its apparel business, which saw a net increase of 17.8 percent, moving from $235.4 million to $277.3 million. The growth of Ennis Inc.'s apparel business reflects the strength of the promotional apparel segment in the past year.
The company's apparel sales eclipsed its print business, which saw a net decrease in sales for the period, from $282.3 million in 2009 to $272.7 million. Overall net revenue for the company was still up over 2009, at $550 million over $517.7 million.
The full financial report is available on the Ennis Inc. website.