The gains keep coming for Ennis Inc. (asi/52493).

The Midlothian, TX-based print and promo products supplier just reported year-over-year increases in sales, earnings and profit margin in its fiscal second quarter, which concluded Aug. 31.

Keith Walters, Ennis

Ennis, a publicly traded company, said that total revenue across all business divisions was $111.2 million, a 10.6% increase over the Q2 the year prior.

Net income tallied $12.19 million, up from about $7.5 million in 2021’s Q2. That translated to diluted earnings per share of $0.47, a 62% year-over-year jump. Gross profit margin rose too, reaching 31.7% compared to 28.8% during the year-ago period.

For the first six months of its fiscal year, Ennis’ net income has increased 61% on a comparative basis to $23.82 million. Half-year total sales improved too, increasing 11% to $218.9 million.

“Customer demand for our products continues to be strong as seen in revenue increases in recent quarters,” said Keith Walters, CEO, chairman and president of Ennis.

Walters continued: “We believe we have one of the strongest balance sheets in the industry, with no debt and significant cash. Our profitability and strong financial condition will allow us to continue operations and fund acquisitions without incurring debt. Given those strengths, we also anticipate timely access to credit should larger acquisition opportunities materialize as we continue to explore strategic opportunities in the acquisition arena to increase profitability.”

In April, Ennis reported that it increased total company revenue, net income and earnings for its previous full fiscal year, which concluded Feb. 28, 2022.

Ennis sells promotional products, business forms and supplies, checks and software-compatible forms, envelopes, custom business forms, presentation folders and more. The company was formerly a Top 40 supplier.