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) 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.
Ennis reported Q1 fiscal 2023 revenues of $107.7 million, up 11.1% from $96.9 million year-over-year. Diluted earnings per share increased 60.7% to $0.45, compared to $0.28 last year. Gross profit margin improved to 31.6% from 30.1%. The acquisition of AmeriPrint contributed $1.9 million in revenue. The company announced a quarterly cash dividend of 25 cents per share, payable on August 8, 2022.
Ennis, Inc. (NYSE: EBF) reported Q4 revenues of $99.7 million, a 10.9% increase year-over-year, and annual revenues of $400.0 million, up 11.7%. Diluted EPS rose to $0.26 for the quarter and $1.11 for the fiscal year. Gross profit margins fell to 27.5% for Q4 and 28.7% for the year. The quarter was impacted by a $0.3 million pension settlement charge, and the year saw a $1.1 million charge. The company faced rising raw material costs, but strong vendor relationships helped meet customer demand. The financial condition remains strong with no debt and increased share repurchase activity.
Ennis, Inc. (NYSE: EBF) has declared a quarterly cash dividend of $0.25 per share, payable on May 9, 2022 to shareholders recorded as of April 18, 2022. This dividend reflects the company’s ongoing commitment to providing returns to its shareholders. Established in 1909, Ennis, Inc. is a leading manufacturer of business forms and products in the United States, with a strong distribution network.
Ennis reported Q3 2021 revenues of $103.0 million, an increase of 11.5% from the previous year. However, earnings per diluted share decreased 9.4% to $0.29. Gross profit margins fell to 28.4% due to inflationary pressures and consolidation of manufacturing facilities. Year-to-date revenues reached $300.3 million, up 12.0%, with net earnings at $22.3 million or $0.85 per share, a 17.4% increase. A quarterly dividend of $0.25 per share is declared, payable on February 3, 2022.
Ennis Inc. (NYSE: EBF) reported a strong financial performance for Q2 ended August 31, 2021, with revenues increasing by 16% to $100.5 million compared to $86.6 million last year. Net earnings rose to $7.5 million, or $0.29 per diluted share, up from $6.4 million, or $0.25 per diluted share. Despite a slight decrease in gross profit margin to 28.8%, EBITDA margins remained stable. The company declared a dividend of $0.25 per share, payable on November 5, 2021. Management is confident about future growth despite facing inflationary pressures.
Ennis, Inc. (NYSE: EBF) has appointed Ms. Vera Burnett as CFO and Treasurer, and Mr. Dan Gus as General Counsel effective June 21, 2021. Keith S. Walters, the company's CEO, expressed confidence in Burnett's capabilities, noting her prior service as Interim CFO since September 2020. Burnett, a seasoned professional with a CPA designation, joined Ennis in 1997. Gus, a law firm president with extensive legal experience, is expected to enhance the management team. This leadership transition aims to strengthen Ennis's financial oversight and legal expertise.
Ennis reported a strong first quarter ending May 31, 2021, with revenues reaching $96.9 million, up 8.9% from $89.0 million in the prior year. Earnings per diluted share surged 75% to $0.28 compared to $0.16 in the same quarter last year. Gross profit margin improved to 30.1% from 26.9%. The company's acquisition of InfoSeal contributed $5.2 million in sales. Ennis holds a solid cash balance of $81.3 million and announced an 11.1% increase in quarterly dividends.
Ennis, Inc. (NYSE: EBF) has acquired the assets and business of AmeriPrint Corporation, a trade printer based in Harvard, Illinois. The acquisition, completed on May 31, 2021, enhances Ennis's capabilities, particularly in custom-printed documents, barcoding, and business forms. AmeriPrint has a strong reputation for customer service and a 30-year history in the print industry. Operations will continue under the AmeriPrint brand with the same workforce, ensuring stability and continuity post-acquisition.
Ennis, Inc. (NYSE: EBF) reported financial results for the quarter and fiscal year ending February 28, 2021. Revenues for the fourth quarter were $89.9 million, a decrease of 15.7% year-over-year, and $358.0 million for the fiscal year, reflecting an 18.3% decline. Earnings per diluted share decreased to $0.20 from $0.33 in the prior quarter. Gross profit margin improved to 29.6% for the quarter. The Board declared an 11% increase in quarterly dividends to $0.25 per share.
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