Ennis Inc. Reports Results for the Three and Nine Months Ending Nov. 30
"With respect to the print segment, our print margin continues to improve as we continue to integrate our acquisitions," Walters said. "We are pleased to expand our market share in envelopes and presentation folders through our new acquisitions during the current quarter."
For the nine month period, consolidated net sales increased from $409.9 million to $410.3 million, or 0.1 percent from the same period last year. Print sales for the nine month period were $250.1 million, compared to $254.9 million for the same period last year, a decrease of $4.8 million, or 1.9 percent. Apparel sales for the nine month period were $160.2 million, compared to $155 million for the same period last year, or an increase of $5.2 million or 3.4 percent. Apparel unit sales increased 9.8 percent for the period, while average selling price per unit decreased 6.4 percent. The consolidated margin increased from 22.6 to 26.9 percent for the respective nine-month periods in 2012 and 2013.
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