Last10K.com

Ennis, Inc. (EBF) SEC Filing 10-K Annual report for the fiscal year ending Saturday, February 28, 2015

Ennis, Inc.

CIK: 33002 Ticker: EBF

Exhibit 99.1

 

LOGO

FOR IMMEDIATE RELEASE

ENNIS, INC. REPORTS RESULTS

FOR THE YEAR AND QUARTER ENDED FEBRUARY 28, 2015 and SETS RECORD DATE

FOR ANNUAL SHAREHOLDER MEETING

Midlothian, TX. April 27, 2015 — Ennis, Inc. (the “Company”), (NYSE: EBF), today reported financial results for the quarter and fiscal year ended February 28, 2015. Highlights for the year include:

 

    Consolidated net sales increased 6.1% for the quarter and 7.0% for the year.

 

    Print sales increased 7.3% for the quarter and 11.9% for the year.

 

    Apparel sales increased 3.5% over the comparable quarter and its margin improved 240 basis points on a linked quarter basis.

 

    Adjusted diluted earnings per share (a non-GAAP measure) for the quarter increased from $.30 per share to $.34 per share.

Financial Overview

The Company’s consolidated net sales for the quarter ended February 28, 2015 were $140.2 million compared to $132.1 million for the same quarter last year, an increase of 6.1%. Print sales increased 7.3% from $89.9 million to $96.5 million and apparel sales increased 3.5% from $42.3 million to $43.8 million. Consolidated gross profit margin (“margin”) was $35.4 million for the quarter, or 25.2%, compared to $33.6 million, or 25.4% for the same quarter last year. Print margin was 29.2% for the quarter compared to 28.4% for the same quarter last year, while apparel margin was 16.6% for the quarter compared to 19.0% for the comparable quarter last year. While apparel margin continues to be negatively impacted by marketplace dynamics, it increased more than 240 basis points over its linked quarter margin of 14.2% and 180 basis points over its November 30, 2014 year-to-date margin of 14.8%. Net earnings (loss) for the quarter was $8.6 million, or $0.34 per diluted share as compared to $(14.5) million, or $(0.55) per diluted share for the same quarter last year, which prior year results were impacted by a goodwill and trademark impairment charge of $24.2 million relating to the apparel division.

For the fiscal year, consolidated net sales increased from $542.4 million for the year ended February 28, 2014 to $580.2 million for the year ended February 28, 2015, or an increase of 7.0%. Print sales were $380.4 million compared to $339.9 million for the same period last year, an increase of $40.5 million, or 11.9%, while apparel sales decreased $2.6 million, or 1.3% from $202.5 million to $199.9 million. Consolidated margin for the period was $145.5 million, or 25.1%, compared to $143.8 million, or 26.5%, for the same period last year. Print margin increased from 29.7% to 30.3%, while apparel margin decreased from 21.1% to 15.2% due to lower selling prices and higher input costs for most of the year. As a result of an impairment charge in the third quarter of this fiscal year and an impairment charge in the fourth quarter of the last fiscal year, the consolidated net earnings (loss) for the 2015 fiscal year was $(44.5) million, or $(1.72) per diluted share and $13.2 million, or $.50 per diluted share for the 2014 fiscal year. Excluding the impairment charges in both fiscal years, non-GAAP net earnings would have been approximately $34.6 million, or approximately $1.34 per diluted share for fiscal 2015 compared to $35.3 million, or $1.35 per diluted share for fiscal 2014.


The following information was filed by Ennis, Inc. (EBF) on Monday, April 27, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Ennis, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Ennis, Inc..

Continue

Assess how Ennis, Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Ennis, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2015 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

Tools

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Shareholders' Equity
Consolidated Statements Of Changes In Shareholders' Equity (parenthetical)
Consolidated Statements Of Comprehensive Income (loss)
Consolidated Statements Of Operations
Accounts Receivable And Allowance For Doubtful Receivables
Accounts Receivable And Allowance For Doubtful Receivables (tables)
Accounts Receivable And Allowance For Doubtful Receivables - Allowance For Doubtful Receivables (detail)
Acquisitions
Acquisitions (tables)
Acquisitions - Additional Information (detail)
Acquisitions - Summary Of Operating Information On Pro Forma Basis (detail)
Acquisitions - Summary Of Preliminary Purchase Price Allocations (detail)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Additional Information (detail)
Commitments And Contingencies - Schedule Of Future Minimum Lease Commitments Under Non-cancelable Operating Leases (detail)
Concentrations Of Risk
Concentrations Of Risk - Additional Information (detail)
Earnings (loss) Per Share
Earnings (loss) Per Share (tables)
Earnings (loss) Per Share - Computation For Basic And Diluted Earnings (loss) Per Share (detail)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (tables)
Goodwill And Other Intangible Assets - Additional Information (detail)
Goodwill And Other Intangible Assets - Carrying Amount And Accumulated Amortization Of Intangible Assets (detail)
Goodwill And Other Intangible Assets - Changes In Net Carrying Amount Of Goodwill (detail)
Goodwill And Other Intangible Assets - Estimated Amortization Expense (detail)
Goodwill And Other Intangible Assets - Non-amortizing Intangible Assets (detail)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Income Taxes - Components Of Deferred Income Tax Assets And Liabilities (detail)
Income Taxes - Components Of Provision For Income Taxes (detail)
Income Taxes - Reconciliation Of Change In Unrecognized Tax Benefits (detail)
Income Taxes - Statutory U.s. Federal Income Tax Rate To Company's Effective Tax Rate (detail)
Inventories
Inventories (tables)
Inventories - Additional Information (detail)
Inventories - Components Of Inventories (detail)
Long-term Debt
Long-term Debt (tables)
Long-term Debt - Additional Information (detail)
Long-term Debt - Summary Of Long-term Debt (detail)
Other Accrued Expenses
Other Accrued Expenses (tables)
Other Accrued Expenses - Components Of Other Accrued Expenses (detail)
Pension Plan
Pension Plan (tables)
Pension Plan - Additional Information (detail)
Pension Plan - Company's Pension Plan Asset Allocation, By Asset Category (detail)
Pension Plan - Company's Target Asset Allocation Percentage, By Asset Class (detail)
Pension Plan - Plan's Fair Value Hierarchy For Assets Measured At Fair Value (detail)
Pension Plan - Schedule Of Accumulated Benefit Obligation, Change In Projected Benefit Obligation, Change In Plan Assets, Funded Status, And Reconciliation To Amounts Recognized In Consolidated Balance Sheets (detail)
Pension Plan - Schedule Of Assumptions Used To Determine Benefit Obligations And Net Periodic Pension Cost (detail)
Pension Plan - Schedule Of Estimated Future Benefit Payments Which Reflect Expected Future Service (detail)
Pension Plan - Summary Of Pension Expense Composed Of Components Included In Cost Of Goods Sold And Selling, General And Administrative Expenses (detail)
Quarterly Consolidated Financial Information (unaudited)
Quarterly Consolidated Financial Information (unaudited) (tables)
Quarterly Consolidated Financial Information (unaudited) - Additional Information (detail)
Quarterly Consolidated Financial Information (unaudited) - Schedule Of Unaudited Quarterly Financial Data Of Company (detail)
Quarterly Consolidated Financial Information (unaudited) - Schedule Of Unaudited Quarterly Financial Data Of Company (parenthetical) (detail)
Segment Information And Geographic Information
Segment Information And Geographic Information (tables)
Segment Information And Geographic Information - Additional Information (detail)
Segment Information And Geographic Information - Schedule Of Segment Data (detail)
Segment Information And Geographic Information - Summary Of Company's Operations In Different Geographic Areas (detail)
Shareholders' Equity
Shareholders' Equity - Additional Information (detail)
Significant Accounting Policies And General Matters
Significant Accounting Policies And General Matters (policies)
Significant Accounting Policies And General Matters - Additional Information (detail)
Stock Option Plan And Stock Based Compensation
Stock Option Plan And Stock Based Compensation (tables)
Stock Option Plan And Stock Based Compensation - Additional Information (detail)
Stock Option Plan And Stock Based Compensation - Restricted Stock Grants Activity (detail)
Stock Option Plan And Stock Based Compensation - Stock Option Activity (detail)
Stock Option Plan And Stock Based Compensation - Summary Of Assumptions Used And Weighted Average Grant-date Fair Value Of Stock Options Granted (detail)
Stock Option Plan And Stock Based Compensation - Summary Of Stock Options Exercised And Tax Benefits Realized From Stock Based Compensation (detail)
Stock Option Plan And Stock Based Compensation - Summary Of Stock Options Outstanding (detail)
Stock Option Plan And Stock Based Compensation - Summary Of Unvested Stock Options (detail)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (tables)
Supplemental Cash Flow Information - Net Cash Flows From Operating Activities Reflect Cash Payments For Interest And Income Taxes (detail)
Ticker: EBF
CIK: 33002
Form Type: 10-K Annual Report
Accession Number: 0001193125-15-178878
Submitted to the SEC: Fri May 08 2015 11:50:09 AM EST
Accepted by the SEC: Fri May 08 2015
Period: Saturday, February 28, 2015
Industry: Manifold Business Forms

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/ebf/0001193125-15-178878.htm