Financial Performance - Revenues for the first quarter ended May 31, 2024, were $103.1 million, a decrease of $8.2 million or 7.4% compared to $111.3 million for the same quarter last year [1]. - Gross profit margin for the quarter was 30.0%, down from 30.6% in the same quarter last year [5]. - Net earnings for the quarter were $10.7 million, or $0.41 per diluted share, compared to $11.6 million, or $0.45 per diluted share for the same quarter last year [1]. - EBITDA increased from $18.1 million last quarter to $19.0 million this quarter, maintaining 18.4% as a percentage of sales [2]. - Cash provided by operating activities was $23.1 million, an increase from $21.7 million in the same quarter last year [15]. Shareholder Returns - The company declared a quarterly cash dividend of $0.25 per share, payable on August 5, 2024 [10]. - The company repurchased 91,883 shares of common stock at an average price of $19.79 per share during the quarter [4]. Assets and Liabilities - Total assets increased to $406.2 million from $399.2 million in the previous quarter [15]. - The company has no debt and significant cash reserves, allowing for continued operations and potential acquisitions [4]. Operational Improvements - The integration of the ERP system at recent acquisitions is expected to improve performance moving forward [3].
Ennis(EBF) - 2025 Q1 - Quarterly Results