Ennis Sees Sales Climb, Profits Dip

Ennis Corporation, a company many may not know by name, makes business forms and products. It just shared its latest financial report. The report shows good news for sales, but less good news for profits.

Sales grew to $104.5 million. This is up from $103.5 million a year ago. It means the company sold more of its products. However, the company made less money in profit. Profits fell from $9.6 million to $8.8 million.

Why did profits drop while sales rose? Ennis says certain legal costs played a part. These costs are a one-time thing. They do not show how well the company's main business is doing day to day. Investors will watch to see if these costs truly stay in the past. This could mean the company's core business is stronger than the latest profit numbers suggest.

Source: Yahoo Finance