Ennis, Inc. (NYSE: EBF) has reported its financial results for the quarter and fiscal year ended February 28, 2025. The company's revenues for the quarter were $92.7 million, reflecting a decrease of $4.7 million or -4.8% compared to the same quarter last year. For the fiscal year, revenues were $394.6 million, down $25.5 million or -6.1% from the prior fiscal year.
Earnings per diluted share for the current quarter were $0.35, a decrease from $0.39 for the same quarter last year. Earnings per diluted share for the fiscal year were $1.54, compared to $1.64 for the last fiscal year.
Gross profit margin for the quarter showed an increase from 28.4% last year to 29.5% this year, and for the fiscal year, it was 29.7% compared to 29.8% for the prior fiscal year.
The company's net earnings for the quarter were $9.0 million, or $0.35 per diluted share, compared to $10.1 million, or $0.39 per diluted share for the same quarter last year.
For the fiscal year, net earnings were $40.2 million, or $1.54 per diluted share, compared to $42.6 million, or $1.64 per diluted share for the prior fiscal year.
The company's EBITDA declined slightly at $16.5 million or 17.8% of sales for the current quarter compared to the preceding quarter, $18.2 million or 18.2% of sales, and compared to the same quarter last year $18.1 million or 18.6% of sales.
Ennis, Inc. completed the implementations of its ERP systems at recent acquisitions and began to see the margins of most of the acquired businesses reach expected levels. These acquisitions generated approximately $2.5 million in revenues for the quarter and $13.2 million in revenues for the year, positively impacting diluted earnings per share by $0.01 for the quarter and $0.04 for the year.
The company's interest income decreased due to a one-time special dividend of $2.50 per share and declining interest rates on its cash and short-term investments of U.S. government treasury bills.
Ennis, Inc. maintained a strong financial position with $72.5 million in cash and short-term investments and no debt. The company returned $92.0 million to shareholders in dividends during the year, including a special dividend of $2.50 per share.
The 2025 annual meeting of shareholders will be held on July 17, 2025, with a record date of May 16, 2025.
Ennis, Inc., founded in 1909, is one of the largest private-label printed business product suppliers in the United States, with production and distribution facilities strategically located throughout the USA.
As a result of these announcements, the company's shares have moved -7.3% on the market, and are now trading at a price of $17.37. For more information, read the company's full 8-K submission here.
