Ennis Stock Climbs On Higher Q2 Net Profit

(RTTNews) - Ennis Inc. (EBF), a supplier of printed business products, Monday reported increased net profit for the second quarter from last year, amid nearly flat net sales.

As of this writing, the shares were trading 1.30% or 0.24 cents higher at $18.38.

The company's net earnings rose to $13.16 million from $10.31 million in the prior-year quarter. The earnings per share were $0.51, compared to $0.40 in the same period last year.

The earnings before income taxes reached $18.14 million, compared to $14.22 million a year ago.

The company's net sales, meanwhile, edged down 0.3% to $98.68 million from $99.04 million for the same quarter last year.

Further, the Board declared a quarterly cash dividend of 25.0 cents per share on the company's common stock on September 19. The dividend is payable on November 7 to shareholders of record on October 10.