Financial Performance - Revenues for the quarter ended November 30, 2024, were $99.8 million, a decrease of $4.8 million or -4.6% compared to the same quarter last year[2] - Net earnings for the quarter were $10.2 million, or $0.39 per diluted share, compared to $9.9 million, or $0.38 per diluted share for the same quarter last year[13] - Gross profit margin for the quarter was 29.3%, an increase from 29.2% in the same quarter last year[14] - For the nine-month period ended November 30, 2024, revenues were $301.9 million, a decrease of $20.8 million or -6.4% compared to the same period last year[7] - EBITDA for the three months ended November 30, 2024, was $18.3 million, compared to $18.2 million for the same quarter last year[5] - Net sales for the three months ended November 30, 2024, were $99,771 million, a decrease of 1.3% from $104,621 million in the same period last year[21] - Gross profit for the nine months ended November 30, 2024, was $89,932 million, down 8.0% from $97,671 million year-over-year[21] - Net earnings for the three months ended November 30, 2024, were $10,204 million, compared to $9,906 million in the prior year, reflecting a 3.0% increase[21] - Earnings per share (diluted) for the three months ended November 30, 2024, was $0.39, up from $0.38 in the same quarter last year[21] Shareholder Returns - The company returned $72.3 million to shareholders in dividends during the quarter, including a special dividend of $2.50 per share[8] - The Board of Directors declared a quarterly cash dividend of $0.25 per share, payable on February 6, 2025[17] Cost Management - Selling, general and administrative costs were reduced by $1.1 million compared to the same quarter last year[14] Cash Flow and Assets - Cash provided by operating activities for the nine months ended November 30, 2024, was $53,097 million, an increase from $52,500 million year-over-year[21] - Total current assets decreased to $152,415 million from $201,382 million as of February 29, 2024[21] - Cash at the end of the period was $55,704 million, down from $83,902 million at the end of the previous year[21] - The company’s total assets decreased to $346,055 million from $399,190 million year-over-year[21] Liabilities and Financial Position - Total liabilities decreased to $48,359 million from $49,349 million year-over-year[21] - The company maintains a strong balance sheet with no debt and significant cash reserves, allowing for continued operations and potential acquisitions[8] Business Acquisitions - The company acquired a business in late June, contributing $3.3 million in revenues and $0.02 in diluted earnings per share for the third quarter[3] Asset Disposal - The company reported a loss from the disposal of assets of $(138) million for the three months ended November 30, 2024, compared to a gain of $1 million in the same period last year[21]
Ennis(EBF) - 2025 Q3 - Quarterly Results