Ennis Slips To Loss On Expenses - Quick Facts

(RTTNews) - Ennis Inc (EBF) Monday reported first-quarter net loss of $14.5 million or $0.55 per share, compared with earnings of $7 million or $0.27 per share last year.

Results for the recent quarter included impairment charges of $24 million.

Excluding items, adjusted earnings for the recent quarter were $7.7 million or $0.30 per share.

On average, two analysts polled by Thomson Reuters estimated earnings of $0.29 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter were $132 million compared with $123.6 million in the prior year.

Print sales increased 12.7%, while Apparel sales decreased 3.6% for the comparable quarter.

Midlothian, Texas-based Ennis engages in the production of business forms and other business products. It operates in two segments, Print and Apparel.

Ennis shares are trading at $16.12, up $0.34 or 2.18%, on the NYSE.