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Ennis, Inc. (symbol: EBF) is a leading manufacturer and supplier of business forms and other print products across North America. Established with a commitment to quality and innovation, Ennis, Inc. has built a robust portfolio that includes business forms, commercial printing, and eCommerce solutions. The company operates through its print segment, which designs, manufactures, and sells a diverse array of products such as snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure-sensitive products.
Ennis, Inc. is renowned for its extensive product line and versatility. As one of the largest providers of financial and security documents, the company also produces presentation and document folders, promotional products, and advertising concept materials. These products are manufactured in over 50 locations, ensuring a broad reach and high availability.
One of the standout offerings of Ennis, Inc. is its point of purchase advertising solutions catered to large franchises and fast food chains. The company also provides warehousing, kitting, and fulfillment services at many of its facilities, adding a layer of convenience for its clients.
Ennis, Inc. sells its products primarily through independent dealers, including business forms distributors, stationers, printers, computer software developers, and advertising agencies across the United States. The company's notable brands include Ennis, Royal Business Forms, Block Graphics, 360º Custom LabelsSM, ColorWorx, and Enfusion, among others.
With its diverse product offerings and extensive distribution network, Ennis, Inc. remains a significant player in the print products industry. Their focus on quality, customer service, and innovation continues to drive their growth and success in the marketplace.
Latest News: Ennis, Inc. is continuously improving its product lines and expanding its market reach through strategic partnerships and acquisitions. For the most recent updates and developments, please visit the company's news section on their official website.
Ennis, Inc. (NYSE: EBF) reported a strong fiscal performance for the year ending February 28, 2023. Revenues reached $431.8 million, up 8.0% year-over-year, with quarterly revenues of $102.7 million, marking a 3.0% increase from the previous year. Net earnings for the quarter stood at $12.2 million or $0.47 per diluted share, significantly increasing from $6.7 million or $0.26 the prior year, aided by a $5.8 million gain from an asset sale. The company's gross profit margin improved to 30.3% for the fiscal year, reflecting better pricing strategies despite increased costs. EBITDA for the fiscal year also rose to $82.3 million, representing 19.1% of sales. Ennis expects to leverage its strong balance sheet for future growth opportunities, with plans for potential acquisitions.
On April 12, 2023, a Nebraska jury ruled against Wright Printing Company and its executives, awarding $5 million for damages to Crabar/GBF, Inc., a subsidiary of Ennis (NYSE: EBF). The jury found that the defendants misappropriated trade secrets related to customer data and folder specifications to launch competing products. The verdict included over $3.75 million in actual damages and $1.25 million in punitive damages. The ruling underscores Ennis' commitment to protecting its intellectual property and shareholders' investments. CEO Keith Walters expressed satisfaction with the outcome, asserting it affirms the company's property rights and seeks to recapture losses incurred due to the defendants' actions.
Ennis, Inc. (NYSE: EBF) announced a quarterly cash dividend of $0.25 per share on its common stock, payable on May 8, 2023, to shareholders of record as of April 17, 2023. As a leading manufacturer of business forms since 1909, the company operates from its headquarters in
Ennis, Inc. (NYSE: EBF) reported third-quarter revenues of $110.2 million, a 7.1% increase from $103.0 million year-over-year. Earnings per diluted share rose by 50.2% to $0.44, up from $0.29. The gross profit margin improved to 30.4% compared to 28.4% last year. Year-to-date, revenues reached $329.1 million, up 9.6% from $300.3 million. A quarterly cash dividend of 25 cents per share was declared, payable on February 2, 2023.
Ennis, Inc. (NYSE:EBF) has announced its acquisition of School Photo Marketing, a provider of printing and marketing services to over 1,400 school and sports photographers based in Morganville, New Jersey. This acquisition is expected to enhance Ennis' service capabilities within the educational photography sector. The integration will allow School Photo Marketing to continue operating under its name while leveraging Ennis' manufacturing resources. This strategic move aligns with Ennis' wholesale manufacturing-distribution model, potentially expanding their market reach.
Ennis, Inc. (NYSE: EBF) announced the appointment of Mr. Wade Brewer as Chief Operating Officer and Mr. Terry Pennington as Chief Revenue Officer. Mr. Brewer, with 38 years in the print industry, previously served as Director of Manufacturing, overseeing over 50 production facilities. Mr. Pennington, with 26 years of experience, has been pivotal in expanding the company's product offerings since joining in 2006. Chairman Keith Walters expressed confidence in their leadership, citing their extensive experience and value to the company.
Ennis reported Q2 2022 revenues of $111.2 million, up 10.6% from the previous year, with net earnings increasing 62% to $12.2 million or $0.47 per diluted share. The gross profit margin improved to 31.7% from 28.8% year-over-year. For the six-month period, revenues reached $218.9 million, and net earnings were $23.8 million. The Board declared a quarterly cash dividend of 25 cents per share, payable on November 4, 2022. CEO Keith Walters praised strong customer demand and the company’s strong financial position with no debt.
Ennis Inc. (NYSE: EBF) has acquired certain assets of Gulf Business Forms, including customer lists and intellectual property. Gulf, a leading trade printer known for custom-printed documents, has operated for over 50 years. This acquisition will strengthen Ennis's market presence, enhancing its customer base from California to Massachusetts. Following the acquisition, Gulf's customer operations will transition to Ennis's facilities, focusing on optimizing service delivery based on customer needs.
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