Net sales in the quarter were $1.76 billion, down $162.4 million or 8.4% from the fourth quarter of 2017, including a $119.5 million impact from the July 2018 disposition of the Print Logistics business. On an organic basis, consolidated net sales decreased 1.2% primarily driven by lower volume, including the planned exit of low margin sourcing business, and modest price pressure in the Business Services segment. Diluted loss per share attributable to common stockholders was $0.32 in the fourth quarter of 2018 compared to $0.75 in the fourth quarter of 2017. The fourth quarter of 2018 included a $0.45 loss per share on debt extinguishments and a $0.32 loss per share for adjustments related to the Tax Cuts and Jobs Act of 2017 (“Tax Reform”). Click read more below for additional detail.
Ennis, Inc. (NYSE: EBF) announced Jeff Monarch as the new General Manager of PrintXcel, located in Fairhope, Alabama. PrintXcel has more than 50 years of experience in printing products and services including checks and forms, direct mail, label form products, multipart mailers, online ordering and print procurement solutions and more.
Jeff has been at the PrintXcel facility in Fairhope, Alabama for 31 years. He started in 1990 as a bailer, then became a press operator, and in 2006, he was promoted to Production Manager. In his new role, he will utilize his experience to continue to evolve and grow the business.
“I am looking forward to my new role as General Manager at the facility I learned the business in,” said Jeff. “I am also excited to get out in front of our customers to tell the PrintXcel story.”
Jeff has a wife, Angela, of 31 years, and a daughter, Shelby, who is 23. He enjoys spending the weekends on his boat with family and friends.