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 (EBF) delivers essential print solutions for commercial and industrial sectors across North America. This dedicated news hub provides investors and industry professionals with direct access to official corporate announcements and market-relevant updates.
Monitor critical developments including quarterly earnings reports, production facility expansions, and new product launches within the business forms sector. Our curated collection features verified press releases detailing operational milestones, leadership updates, and strategic partnerships that shape the company's position in commercial printing markets.
Key updates cover manufacturing innovations, distribution network enhancements, and quality control initiatives central to EBF's operations. Users gain insights into how evolving print technologies and supply chain strategies impact the company's market performance.
Bookmark this page for streamlined access to Ennis Inc's latest verified communications. Combine real-time updates with historical context to track the company's progress in meeting commercial printing demands across financial, retail, and industrial sectors.
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
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