Welcome to our dedicated page for Ennis news (Ticker: EBF), a resource for investors and traders seeking the latest updates and insights on Ennis stock.
Overview of Ennis Inc.
Ennis Inc. (NYSE: EBF) is a leading manufacturer and supplier of printed business products in North America. The company specializes in designing, producing, and distributing a diverse range of business forms and printed materials, catering to a broad spectrum of industries. Ennis operates predominantly within the B2B market, selling its products through independent dealers, including business forms distributors, stationers, printers, computer software developers, and advertising agencies. This model positions Ennis as a critical link in the supply chain for businesses that require high-quality printed materials for operational, promotional, or security purposes.
Comprehensive Product Portfolio
Ennis offers an extensive array of printed products, designed to meet the needs of its diverse client base. Its product portfolio includes:
- Business Forms: Snap sets, continuous forms, laser cut sheets, and integrated products.
- Labels and Tags: Pressure-sensitive labels, jumbo rolls, and custom tags.
- Envelopes: Standard and custom-designed envelopes for various applications.
- Promotional Products: Advertising specialties and point-of-purchase materials for franchises and fast-food chains.
- Financial and Security Documents: High-value printed materials designed for secure transactions and record-keeping.
- Folders and Packaging: Presentation folders and custom packaging solutions.
Many of these products are available in short, medium, and long production runs, allowing Ennis to cater to businesses of varying sizes and operational needs. Additionally, the company operates under several proprietary brands, including Ennis, Royal Business Forms, Block Graphics, and 360º Custom LabelsSM, among others.
Value-Added Services
Beyond its core product offerings, Ennis provides a range of value-added services to enhance customer satisfaction and operational efficiency. These services include warehousing, kitting, and fulfillment, which enable clients to streamline their supply chain processes. By offering these supplementary solutions, Ennis strengthens its position as a full-service provider within the printing industry.
Market Position and Competitive Landscape
Ennis operates in a mature and highly competitive market, where digital alternatives to traditional printed materials pose ongoing challenges. However, the company has carved out a niche by focusing on specialized products such as financial and security documents, as well as point-of-purchase advertising solutions. Its decentralized operational structure, with over 50 manufacturing and distribution facilities, allows Ennis to serve a geographically diverse customer base efficiently. This operational flexibility, combined with its extensive product portfolio, helps the company maintain a competitive edge.
Distribution Model
Ennis employs a wholesale distribution model, selling its products exclusively through independent dealers. This approach enables the company to focus on manufacturing and innovation while leveraging the expertise of its dealer network to reach end customers. The dealer network includes business forms distributors, stationers, printers, and advertising agencies, ensuring that Ennis's products are accessible to a wide range of industries and businesses.
Significance in the Printing Industry
As one of the largest providers of printed business products in North America, Ennis plays a vital role in supporting businesses across various sectors. Its expertise in printing, combined with its commitment to quality and customer service, has established the company as a trusted partner for businesses seeking reliable and customizable printed solutions. By continuously adapting to market demands and leveraging its extensive operational footprint, Ennis remains a key player in the printing industry.
Ennis Inc. (NYSE: EBF) reported Q3 FY2024 financial results with revenues of $99.8 million, down 4.6% from $104.6 million in the same quarter last year. Despite lower revenue, earnings per diluted share increased to $0.39 from $0.38, and gross profit margin improved slightly to 29.3%. The company paid a special dividend of $2.50 per share on November 8, 2024, and declared a quarterly dividend of $0.25 per share payable on February 6, 2025.
For the nine-month period, revenues decreased 6.4% to $301.9 million, with net earnings of $31.2 million ($1.19 per diluted share). The company maintains a strong balance sheet with no debt and recently acquired a business contributing $3.3 million in revenues and $0.02 in diluted earnings per share for Q3.
Ennis, Inc. (NYSE: EBF) reported financial results for Q2 2024 ended August 31. Revenues decreased 7.3% to $99.0 million compared to $106.8 million in Q2 2023. Earnings per diluted share were $0.40, down from $0.42 in the same quarter last year. Gross profit margin slightly decreased to 30.1% from 31.0%.
For the six-month period, revenues decreased 7.3% to $202.1 million. Net earnings were $21.0 million or $0.80 per diluted share, compared to $22.5 million or $0.87 per diluted share last year.
The company completed the acquisition of Printing Technologies, Inc. to strengthen production capabilities and diversify product offerings. Ennis declared a quarterly cash dividend of $0.25 per share and a one-time special dividend of $2.50 per share, both payable on November 8, 2024.
Ennis has announced the acquisition of Printing Technologies, Inc. (PTI), a leading manufacturer of innovative media solutions located in Indianapolis, IN. Founded in 1994, PTI specializes in direct thermal, thermal transfer, ink jet, dot matrix, and laser printing technologies. Keith Walters, Chairman, President & CEO of Ennis, highlighted PTI's diverse product offerings and expressed excitement about the new capabilities this acquisition will bring to Ennis. Ennis, a major supplier of printed business products in the U.S., aims to leverage PTI's expertise to enhance its product portfolio.
Ennis reported Q1 financial results for the quarter ended May 31, 2024. Revenues were $103.1 million, a 7.4% decrease from $111.3 million last year. Earnings per diluted share dropped to $0.41 from $0.45. Gross profit margin slightly declined to 30.0% from 30.6%. Despite revenue drops, EBITDA rose from $18.1 million last quarter to $19.0 million this quarter. Ennis highlights strong balance sheets with no debt and significant cash. The company repurchased 91,883 shares at $19.79 each and increased investments in U.S. treasury bills by $2.6 million. A quarterly dividend of 25 cents per share was declared, payable on August 5, 2024. CEO Keith Walters noted improved margins due to disciplined cost management and pricing strategies.
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