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. reports news centered on its role as a U.S. private-label printed business products supplier serving a national distributor network. The company manufactures and sells business forms, printed and electronic media, integrated forms and labels, presentation products, flexographic printing, advertising specialties, internal bank forms, plastic cards, secure and negotiable documents, specialty packaging, direct mail, envelopes, tags, labels and other custom products.
Recurring developments include quarterly and annual operating results, gross margin and earnings trends, cash dividends on common stock, share repurchase activity, annual shareholder meeting dates, acquisitions of print and mailing businesses, and integration of acquired operations into Ennis systems.
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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