Ennis rises on upbeat Q2, boosted by high demand and cost controls

Ennis

19/09/2022 15:56

** Shares of printed business products supplier Ennis Inc
 EBF.N  up ~3% at $20.78 
    ** EBF posts higher Q2 revenue and profit on strong demand,
pricing, as well as tighter cost control 
    ** Reports Q2 revenue of $111.2 mln, up 10.6% from a year
earlier  urn:newsml:reuters.com:*:nBw6rQMRNa
    ** Co's net income rises to $12.2 mln, or 47 cents/share,
from $7.5 mln, 29 cents/share, last year; gross margin also
expands to 31.7% from 28.8%
    ** Co says while paper remains in short supply and the tight
labor market persists, it is monitoring incoming order volumes,
rising raw material and other input costs to adjust pricing
accordingly
    ** YTD, stock up ~6% 

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com;))