Midlothian, TX-based Ennis, Inc., a Top 40 promotional products supplier as recently as 2017, said Monday that it increased year-over-year total company revenue by 15.6% to $108 million during the first quarter of its fiscal year, which ended May 31.

Ennis also reported that net earnings increased from about $9.2 million, or $0.36 per diluted share, in last year’s Q1 to $9.63 million, or $0.37 per diluted share, in the current fiscal year’s first quarter. Year-over-year, EBITDA rose from about $16 million to $17.7 million – a jump of 10.4%. Quarterly gross profit margin totaled $32.7 million, up from $30.2 million.

Keith Walters, CEO, Ennis, Inc.

Keith Walters, Ennis’ chairman, CEO and president, said that recent acquisitions the firm made added $19.3 million to comparable sales and $0.04 to earnings per diluted share.

“We believe we continue to have one of the strongest balance sheets in the industry, with low debt and significant cash,” said Walters. “Given our financial position, we will continue to explore strategic opportunities as a way to profitably utilize our cash and leverage our balance sheet -- and when advantageous, repurchase our shares in the marketplace.”