Ennis, Inc. · NYSE:EBF
Ennis — Shareholder Meeting (July 2014)
9 slides from Ennis's shareholder meeting presentation, Jul 24, 2014
Slide 1: 2014 Annual Meeting
2014 ANNUAL MEETING July 24, 2014 1
Slide 2: Key Points of Interest – FY 2014
KEY POINTS OF INTEREST – FY 2014 Adjusted Earnings increased from $.95 to $1.35 per diluted share for the year. Sales increased by 1.7% for the year to $542.4 million. Gross profit margin increased from 23.3% to 26.5% for the year. Adjusted Operating profit margin increased from 7.9% to 10.6
Slide 3: Other Items of Interest – FY 2014
OTHER ITEMS OF INTEREST – FY 2014 In September 2013, we completed the acquisitions of NIC/WISCO and Folder Express, which collectively were doing about $60 million in sales. In June 2014, we completed the acquisition of Sovereign Business Forms and related entities. Collectively these entities w
Slide 4: Challenges in the Year Ahead–2014
CHALLENGES IN THE YEAR AHEAD–2014 As indicated earlier, cotton prices were fairly stable during most FY 2014, which allowed us to realize a lower cost than the previous year flowing through our operating statement. This will most likely not be the case in fiscal year 2015, as the average price of
Slide 5: Cotton cost inventory and purchases price illustration
$1.25 $1.15 - COGS $1.20 Inventory $1.15 $1.10 $1.05 $.95 $.80 - Purchases 5
Slide 6: First Quarter Ended May 31, 2014
FIRST QUARTER ENDED MAY 31, 2014 6
Slide 7: 1st Quarter Results
1ST QUARTER RESULTS 5/31/14 5/31/13 Sales (1) $141.2M $138.5M Gross Profit Margin $ 35.4M $ 35.8M GPM% (2) 25.1% 25.9% Operating Income $ 13.6M $ 13.6M Net earnings $ 8.0M $ 8.5M Diluted EPS $ 0.31 $ 0.33 (1) Apparel sales decreased 7.4% (volume down 2.6% and selling pricing down 4.8%). Print sales
Slide 8: Financial Strength Highlights
FINANCIAL STRENGTH HIGHLIGHTS 8
Slide 9: 2014 Annual Meeting – Thank you for your support!
2014 ANNUAL MEETING Thank you for your support! 9