Ennis Q2 revenue $106.8M (-4% YoY), EPS $0.42 vs $0.47, declares quarterly dividend

Ennis, Inc. (the “Company”), (NYSE: EBF), today reported financial results for the second quarter ended August 31, 2023. Highlights include: • Revenues were $106.8 million for the quarter compared to $111.2 million for the same quarter last year, a decrease of $4.4 million or 4.0%. • Earnings per diluted share for the current quarter were $0.42 compared to $0.47 for the comparative quarter last year. • Our gross profit margin for the quarter was 31.0% compared to 31.7% for the comparative quarter last year. Financial Overview The Company’s revenues for the second quarter ended August 31, 2023 were $106.8 million compared to $111.2 million for the same quarter last year, a decrease of $4.4 million, or 4.0%. Gross profit margin was $33.1 million, or 31.0%, as compared to $35.2 million, or 31.7%, for the same quarter last year. Net earnings for the quarter were $10.9 million, or $0.42 per diluted share, as compared to $12.2 million, or $0.47 per diluted share for the same quarter last yea