Ennis (EBF) Misses Q1 EPS by 5c
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Ennis, Inc. Reports Results for the First Quarter Ended May 31, 2016
June 27, 2016 4:34 PM EDTMIDLOTHIAN, Texas--(BUSINESS WIRE)-- Ennis, Inc. (the "Company"), (NYSE: EBF), today reported financial results for the first quarter ended May 31, 2016. Highlights include:
The Company completed the sale of the Apparel Segment to Gildan for $110.0 million. Print sequential gross profit margin increased from 27.7% to 29.5% on a sequential quarter basis. Diluted earnings per share from operations (continued and discontinued) remained constant at $0.36. Diluted earnings per share from continuing operations decreased from $0.34 to $0.26.... More
