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Ennis saw a year-over-year decline in revenue and net income in Q1 2025, though gross margin improved. Strategic acquisitions contributed to earnings while increased inventory investments and share repurchases reduced cash holdings.
Ennis, Inc. reported a decrease in revenues for the fourth quarter of fiscal year 2024, totaling $97.4 million, down 5.2% from the previous year's fourth quarter. Net earnings also declined to $10.1 million, or $0.39 per diluted share, compared to $12.2 million, or $0.47 per diluted share in the same period last year. Despite the revenue and earnings decrease, the gross profit margin for the quarter increased to 28.4% from 27.6% in the prior year.