Ennis Inc. Reports Results for the Three and Nine Months Ending Nov. 30
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Ennis%20Inc.<%2Fa>%20released%20its%20latest%20financial%20results%20that%20include%20its%20third%20quarter,%20which%20ended%20Nov.%2030,%20and%20the%20combined%20statistics%20for%20the%20period%20that%20includes%20the%20first%20three%20quarters%20of%20the%20fiscal%20year.%0D%0A%0D%0Ahttps%3A%2F%2Fwww.printandpromomarketing.com%2Farticle%2Fennis-inc-reports-results-three-nine-months-ending-nov-30%2F" target="_blank" class="email" data-post-id="1797" type="icon_link">
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Ennis Inc. released its latest financial results that include its third quarter, which ended Nov. 30, and the combined statistics for the period that includes the first three quarters of the fiscal year.
Highlights include:
- Consolidated gross profit margin increased 400 basis points for the quarter and 430 basis points for the period.
- Apparel gross profit margin increased 650 basis points for the quarter and 970 basis points for the period.
- Print gross profit margin increased 210 basis points for the quarter and 110 basis points for the period.
- Diluted EPS increased 50 percent to $0.36 per share for the quarter and 55.9 percent to $1.06 per share for the period.
“Overall we are pleased with our results for the quarter," Keith Walters, Chairman, CEO and President of Ennis said. "Our apparel results continued to improve as lower input costs of manufacturing and raw materials continues to favorably impact comparable operational results. Although we continue to make cost-side improvements, the apparel market continues to be extremely challenging, both from a volume and pricing perspective.
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