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. (NYSE: EBF) is a Midlothian, Texas-based manufacturer of business forms and other printed business and commercial products. The company describes itself as one of the largest private-label printed business product suppliers in the United States, serving a national network of distributors through production and distribution facilities located across the country.
This news page for EBF stock brings together the company’s press releases and related updates referenced in its Form 8-K filings. Readers can follow announcements on quarterly and annual financial results, where Ennis discusses net sales, gross profit margins, EBITDA as a non-GAAP measure, and net earnings per diluted share. These releases often include commentary on operating performance, inventory decisions and the impact of acquisitions on revenues and earnings per share.
Ennis also uses its news releases to report Board-approved quarterly cash dividends and, at times, special dividends on its common stock. Investors tracking EBF can monitor dividend declarations, record dates and payment dates, as well as information on share repurchase activity that the company has described in its communications.
Another key theme in Ennis news is acquisition activity. The company has announced acquisitions such as Printing Technologies, Inc., Northeastern Envelope and CFC Print & Mail, which expand its capabilities in commercial printing, envelopes, and business-document printing and mailing. News items may also cover governance developments, such as Board composition changes and annual meeting details.
By reviewing the Ennis, Inc. news feed, followers of EBF stock can see how the company presents its financial performance, capital allocation decisions, acquisition strategy and risk disclosures over time. This page is a useful starting point for understanding the company’s own narrative around its operations and business environment.
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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.
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.