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.
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 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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