Last10K.com

Ennis, Inc. (EBF) SEC Filing 10-Q Quarterly report for the period ending Wednesday, May 31, 2017

Ennis, Inc.

CIK: 33002 Ticker: EBF

Exhibit 99.1

 

LOGO

FOR IMMEDIATE RELEASE

ENNIS, INC. REPORTS RESULTS

FOR THE FIRST QUARTER ENDED MAY 31, 2017

Midlothian, TX. June 26, 2017 — Ennis, Inc. (the “Company”), (NYSE: EBF), today reported financial results for the first quarter ended May 31, 2017. Highlights include:

 

    Print sales increased $4.2 million, or 4.6% on a comparative quarter basis.

 

    Print’s gross profit margin increased from 29.5% to 31.6% on a comparative quarter basis.

 

    Diluted earnings per share from print operations increased from $0.26 to $0.31.

Financial Overview

This financial overview includes the Company’s continuing print operations and its discontinued apparel operations on a separate and combined basis. The Company sold Alstyle Apparel on May 25, 2016, resulting in the print division becoming the on-going continuing operations of the Company thereafter.

The Company’s net print sales for the first quarter ended May 31, 2017 were $94.6 million compared to $90.4 million for the same quarter last year, an increase of 4.6%. Gross profit margin (“margin”) for continuing operations was $29.9 million for the quarter, or 31.6%, as compared to $26.7 million, or 29.5% for the same quarter last year. The Company’s margin in the first quarter last year was negatively impacted by approximately $1.3 million in connection with the move of one of its folder operations. Diluted earnings per share for the print operations were $0.31, compared to $0.26 for the same quarter last year.

Last year’s May 31, 2016 first quarter earnings from the apparel discontinued operations was $0.10 per diluted share, and the combined earnings for continued and discontinued operations was $0.36 per diluted share for the quarter. The net loss from the sale of the Company’s apparel operations during the quarter, net of tax, was $26.0 million, or ($1.01) per diluted share. The net loss included a $16.0 million, or $10.3 million net of taxes, write-off of the Company’s balance of foreign currency translation adjustments recorded in accumulated other comprehensive income. As a result, for the quarter ended May 31, 2016, the Company realized a net loss of ($16.9) million, or ($0.65) per diluted share.

Non-GAAP Reconciliations

The Company believes the non-GAAP financial measure of EBITDA (EBITDA is calculated as net earnings from continuing operations before interest, taxes, depreciation, and amortization) provides important supplemental information to both management and investors regarding financial and business trends used in assessing its results of operations. The Company believes adding back the specified items to net earnings provides a more meaningful comparison to the corresponding reported periods and internal budgets and forecasts, provides management with a more relevant measurement of operating performance and yields metrics which are more useful in assessing management performance. In addition, EBITDA is a component of the financial covenants and an interest rate metric in the Company’s credit facility. While management believes this non-GAAP financial measure is useful in evaluating Ennis, this information should be considered as supplemental in nature and not as a substitute for, or superior to, the related financial information prepared in accordance with GAAP.

 

1


The following information was filed by Ennis, Inc. (EBF) on Monday, June 26, 2017 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter 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-Q Quarterly 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 2017 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-Q Quarterly Report

Document And Entity Information
Unaudited Consolidated Balance Sheets
Unaudited Consolidated Balance Sheets (parenthetical)
Unaudited Consolidated Statements Of Cash Flows
Unaudited Consolidated Statements Of Comprehensive Income (loss)
Unaudited 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)
Concentrations Of Risk
Concentrations Of Risk - Additional Information (detail)
Discontinued Operations
Discontinued Operations (tables)
Discontinued Operations - Additional Information (detail)
Discontinued Operations - Schedule Of Discontinued Operations Related To The Apparel Segment (detail)
Discontinued Operations - Schedule Of Discontinued Operations Related To The Apparel Segment (parenthetical) (detail)
Earnings (loss) Per Share
Earnings (loss) Per Share (tables)
Earnings (loss) Per Share - Additional Information (detail)
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)
Inventories
Inventories (tables)
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 - Summary Of Pension Expense Composed Of Components Included In Cost Of Goods Sold And Selling, General And Administrative Expenses (detail)
Shareholders' Equity
Shareholders' Equity (tables)
Shareholders' Equity - Additional Information (detail)
Shareholders' Equity - Changes In Shareholders' Equity (detail)
Shareholders' Equity - Changes In Shareholders' Equity (parenthetical) (detail)
Significant Accounting Policies And General Matters
Significant Accounting Policies And General Matters (policies)
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 Grant Activity (detail)
Stock Option Plan And Stock Based Compensation - Stock Option Activity (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 Unvested Stock Options (detail)
Subsequent Events
Subsequent Events - Additional Information (detail)
Ticker: EBF
CIK: 33002
Form Type: 10-Q Quarterly Report
Accession Number: 0001193125-17-224015
Submitted to the SEC: Fri Jul 07 2017 12:45:57 PM EST
Accepted by the SEC: Fri Jul 07 2017
Period: Wednesday, May 31, 2017
Industry: Manifold Business Forms

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/ebf/0001193125-17-224015.htm