Printer Friendly

ENNIS BUSINESS FORMS, INC. REPORTS NINE MONTHS OPERATING RESULTS AND COMMENTS FURTHER ON THE EARNINGS OUTLOOK FOR THE FULL YEAR

 ENNIS, Texas, Dec. 13 /PRNewswire/ -- Kenneth A. McCrady, chairman of the board, reported interim operating results for Ennis Business Forms, Inc. (NYSE: EBF), today. For the nine months ended Nov. 30, 1993, net sales were $99,664,000, compared to sales of $98,195,000 for the same period last year, and net earnings were $13,977,000 ($.83 a share), compared to earnings for the same period last year of $15,383,000 ($.87 a share). Net earnings for the nine months ended Nov. 30, 1992 included gains from discontinued operations of $560,000 ($.03 a share). Per share earnings computations were based on 16,801,584 shares for 1993 and 17,664,889 shares for the prior period.
 For the third quarter ended Nov. 30, 1993, net sales were $34,583,000 compared to sales of $33,782,000 for the same period last year, and net earnings were $4,893,000 ($.29 a share), compared to net earnings for the same period last year of $4,938,000 ($.29 a share).
 On Sept. 17, 1993 the company commented on the outlook for earnings for its year ending Feb. 28, 1994. At that time the company estimated that its earnings for fiscal 1994 would likely be in the range of $17,500,000 to $19,500,000 ($1.05 to $1.16 per share). The company now believes that its earnings for fiscal 1994 are more likely to be in the upper end of that range than in the lower end. Net earnings for the year ended Feb. 28, 1993 amounted to $21,252,000 ($1.21 per share), including earnings from discontinued operation of $560,000 ($.03 per share).
 ENNIS BUSINESS FORMS, INC.
 Earnings Summary
 (Unaudited)
 Nine Months Ended Nov. 30,
 1993 1992
 (Thousands Omitted)
 Net sales $99,664 98,195
 Earnings from continuing operations
 before income taxes 22,337 23,396
 Provision for income taxes 8,360 8,573
 Earnings from continuing operations 13,977 14,823
 Earnings from discontinued
 operation - net of taxes -- 560
 Net earnings $13,977 15,383
 Per share amounts:
 Continuing operations $ .83 .84
 Discontinued operation -- .03
 Net earnings $ .83 .87
 Three Months Ended Nov. 30,
 1993 1992
 (Thousands Omitted)
 Net sales $34,583 33,782
 Earnings from continuing operations
 before income taxes 7,779 7,876
 Provision for income taxes 2,886 2,938
 Earnings from continuing operations 4,893 4,938
 Net earnings $ 4,893 4,938
 Net earnings per share $ .29 .29
 -0- 12/13/93
 /CONTACT: Kenneth A. McCrady of Ennis Business Forms, 214-875-6581/
 (EBF)


CO: Ennis Business Forms, Inc. ST: Texas IN: SU: ERN ERP

PS -- NY049 -- 3113 12/13/93 10:57 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 13, 1993
Words:447
Previous Article:OPTICAL DATA SYSTEMS ADDS ETHERNET 'HUB-OF-HUBS' MODULES WITH PER-PORT PROTOCOL ANALYSIS CAPABILITIES; THE MOST POWERFUL ETHERNET FUNCTIONALITY
Next Article:TURNING UP THE HOLIDAY POWER
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters