Ennis Inc. (EBF) Delivers In-Line Fourth Quarter Results

The company’s caller results announcement offers a batch of encouragement. On April 20, Ennis Inc. (NYSE:EBF) reported its 4th fourth net of 35c per share, matching the anterior twelvemonth results. Quarterly gross reached $96.4 million, compared to $92.7 cardinal for the aforesaid play past year. Chairman, Chief Executive, and President Keith Walters highlighted that the results for the 4th met management’s expectations.

He noted that this year’s acquisitions contributed astir $8.8 cardinal to the quarter’s topline figures, which were partially offset by reduced integrated volume. The gross borderline remained steadfast astatine 29.2%, against 29.5% recorded successful the aforesaid 4th past year. In presumption of operations, EBITDA for the 4th was recorded astatine $16.3 million, which translates into 17.8% successful margins. This indicates consistency comparative to the $16.5 cardinal that was recorded successful the aforesaid 4th past year.

Walters besides highlighted that the institution completed the ERP integration of Northeastern Envelope Company, its biggest acquisition during the year. The integration volition assistance negociate costs and pricing and support accordant margins. Acquisitions besides delivered 5 cents of affirmative interaction connected diluted EPS and 14 cents connected full-year EPS.

Ennis Inc. (NYSE:EBF) is simply a shaper and seller of concern forms and assorted printed products. Under an umbrella of brands, it offers a immense scope of products which see envelopes, laser-cut sheets, tags, drawback sets, jumbo rolls, and more. It besides provides customized products similar labels, banal tags, and banal unit seal documents, to sanction a few.

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