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Ennis Inc., Midlothian, Texas, reported financial results for the three and six months ended Aug. 31, 2016, according to a press release.
Highlights include:
- Gross profit margin on continuing operations increased slightly from 29.5 percent to 29.6 percent on a sequential quarter basis.
- Diluted earnings per share from continuing operations remained constant at $0.26 on a sequential quarter basis, but declined from $0.37 for the comparative quarter last year and declined from $0.72 to $0.52 for the comparable six month period.
- Adjusted diluted earnings per share from continuing operations (a non-GAAP financial measure) was $0.35 for the quarter and $0.64 for the six month period, compared to $0.37 and $0.72 for the comparative periods last year.
Financial overview:
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