With increasing demand in the printing industry for equipment that enables more frequent and faster job changes on press, Flint Group introduces a new, lightweight family of rotec® Sleeves and Bridges designed to increase press efficiency. The new rotec® product line provides the same proven polyurethane coating that is well-known for its durability and solvent resistance in a series of sleeves and adapters that are lighter and easier to handle. The rotec® Lightweight Premium Sleeve – a high performance, plate mounting sleeve offering weight savings up to 40% compared to similar premium sleeves – exhibits excellent dimensional stability for high printing speeds, making it particularly effective in the wide web printing sector. The key to its superior all-around performance is the combination of its light weight and ease of use coupled with the premium construction that provides added strength and stability. The sleeve is further enhanced with an aluminum end plate that seals the edges for extra protection against inks, cleaning liquids and humidity and provides optimum performance and longevity to the sleeve life. Click Read More below for additional information.
The Company’s revenues for the second quarter ended August 31, 2021 were $100.5 million compared to $86.6 million for the same quarter last year, an increase of $13.9 million, or 16.0%. Gross profit margin was $28.9 million, or 28.8%, as compared to $25.2 million, or 29.0%, for the same quarter last year. Net earnings for the quarter were $7.5 million, or $0.29 per diluted share, as compared to $6.4 million, or $0.25 per diluted share, for the same quarter last year.
The Company’s revenues for the six-month period ended August 31, 2021 were $197.4 million compared to $175.6 million for the same period last year, an increase of $21.8 million or 12.4%. Gross profit margin was $58.1 million, or 29.4%, as compared to $49.1 million, or 27.9% for the six-month periods ended August 31, 2021 and August 31, 2020, respectively. Net earnings for the six-month period ended August 31, 2021 were $14.8 million, or $0.57 per diluted share compared to $10.6 million or $0.41 per diluted share for the same period last year, an increase of $4.2 million or $0.16 per diluted share.
details at: https://www.ennis.com/press-releases/financial/ennis-inc-reports-results-for-the-quarter-ended-august-31-2021-and-declares-quarterly-dividend/