Ennis Inc. (asi/52493) has announced that it increased sales and earnings in its fiscal-year fourth quarter and in its entire fiscal year, both of which concluded on Feb. 28.

Financial information released by the Midlothian, TX-based supplier of print and promotional products stated that full-year sales rose 8% year over year to $431.8 million.

Keith Walters, Ennis Inc.

Net earnings for the fiscal year were $47.3 million, or $1.82 per diluted share, compared to $29 million, or $1.11 per diluted share for the prior fiscal year. Ennis noted that a $5.8 million gain from the sale of an unused manufacturing facility favorably impacted the fiscal year results.

Meanwhile, annual earnings before interest, taxes, depreciation and amortization jumped about 35% to nearly $82.3 million.

“Throughout our fiscal year, we experienced strong demand for our products and navigated a challenging environment with supply chain disruptions and inflationary cost pressures not seen in decades,” said Ennis CEO Keith Walters.

For Q4, revenue tallied $102.7 million, a 3% increase that was helped by revenue from Ennis’ late 2022 acquisition of School Photo Marketing, a Morganville, NJ-based company that provides printing, yearbook publishing and marketing-related services. Price increases helped drive the topline number, too, though Ennis experienced volume declines that were due to what the company described as “seasonal factors.”

While gross profit margin declined from 30.4% in the third quarter to 27.6% in the fourth due to factors that included increased labor and material costs, Ennis still posted net earnings of $12.2 million, or $0.47 per diluted share, in Q4. That was up from the prior year’s fourth quarter, when earnings were $6.7 million, or $0.26 per diluted. The aforementioned sale of the manufacturing facility helped bump up earnings in the quarter by $0.17 per diluted share.