Ennis (NYSE: EBF) reported improved first quarter sales and earnings pre-market, benefiting from stronger year-over-year business trends and favorable analyst comparisons.
The company posted earnings of $0.39 per share for the latest quarter, improving from earnings of $0.38 per share reported during the same period last year and matching analyst expectations of earnings of $0.39 per share.
Revenue for the quarter came in at $98.62 million, compared with $97.20 million reported a year ago, while analyst expectations stood at $98.20 million.
Keith Walters, Chairman, Chief Executive Officer and President, commented, “Our performance for the quarter met our expectations. Over the past year, we proactively positioned ourselves to address the closure of the sole domestic producer of carbonless paper by securing inventory and developing alternative supply sources.”
