Ennis Reports Q2 GAAP Earnings of $0.37 and Revenue of $102M, Exceeding Estimates
Ennis (EBF) reported second-quarter earnings per share (GAAP) of $0.37 with revenue reaching $102 million, a year-over-year increase of 3.4%. The results exceeded expectations by approximately $2.15 million in revenue. Additionally, the company announced a 5% dividend hike to $0.2625 per share from $0.25. Despite these positive financial outcomes, Ennis noted industry weakness as a reason for caution and has been downgraded on Seeking Alpha’s Quant Rating. The gross profit margin stood at 29.9%, slightly below the same quarter last year's figure of 30.5%.
Tickers: $EBF
Topics: Dividends Earnings Financial Performance