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) 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.
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.