Ennis, Inc. announced its financial results for the fourth quarter ended February 28, 2025, with revenues of $92.7 million, a 4.8% decrease from $97.4 million in the same quarter last year. Net earnings for the quarter were $9.0 million, or $0.35 per diluted share, compared to $10.1 million, or $0.39 per diluted share, in the prior year's fourth quarter.
For the full fiscal year ended February 28, 2025, Ennis reported revenues of $394.6 million, a 6.1% decrease from $420.1 million in the prior fiscal year. Net earnings for the fiscal year were $40.2 million, or $1.54 per diluted share, down from $42.6 million, or $1.64 per diluted share, in fiscal year 2024.
Despite the top-line declines, the gross profit margin for the fourth quarter increased to 29.5% from 28.4% in the same prior year quarter, and sequentially from 29.3% in the third quarter. Acquisitions contributed approximately $2.5 million in revenues for the quarter and $13.2 million for the year, positively impacting diluted earnings per share by $0.01 for the quarter and $0.04 for the year.
The company completed ERP system implementations at recent acquisitions, with most acquired businesses' margins returning to expected levels. Ennis maintained a strong financial position with $72.5 million in cash and short-term investments and no debt. During the fiscal year, the company returned $92.0 million to shareholders in dividends, including a special dividend of $2.50 per share.
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