Ennis Inc Stock Price, News & Analysis

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.

Ennis, Inc. (NYSE: EBF) has acquired the assets and business of AmeriPrint Corporation, a trade printer based in Harvard, Illinois. The acquisition, completed on May 31, 2021, enhances Ennis's capabilities, particularly in custom-printed documents, barcoding, and business forms. AmeriPrint has a strong reputation for customer service and a 30-year history in the print industry. Operations will continue under the AmeriPrint brand with the same workforce, ensuring stability and continuity post-acquisition.

Ennis, Inc. (NYSE: EBF) reported financial results for the quarter and fiscal year ending February 28, 2021. Revenues for the fourth quarter were $89.9 million, a decrease of 15.7% year-over-year, and $358.0 million for the fiscal year, reflecting an 18.3% decline. Earnings per diluted share decreased to $0.20 from $0.33 in the prior quarter. Gross profit margin improved to 29.6% for the quarter. The Board declared an 11% increase in quarterly dividends to $0.25 per share.

Ennis, Inc. (NYSE: EBF) has announced a quarterly cash dividend of $0.225 per share, to be paid on May 3, 2021, to shareholders of record as of April 12, 2021. The company, established in 1909 and based in Midlothian, Texas, is a leading manufacturer of business forms and printed products across the United States. Ennis's diverse product range includes custom business solutions and promotional materials, supported by strategically placed production and distribution facilities. Visit www.ennis.com for more details.

Ennis, Inc. (NYSE: EBF) announced its subsidiary's intent to acquire assets and assume liabilities of Infoseal LLC, a provider of pressure seal and tax forms products. The acquisition, effective December 31, 2020, aims to enhance Ennis's product offerings and is expected to be accretive to earnings this year. Infoseal will continue operations at its current facility with existing employees, ensuring no disruption in service. This strategic move is aligned with Ennis's goal of supporting independent distributors with a broader range of industry-leading products.

Ennis reported Q3 2020 revenues of $92.4 million, down 19.6% year-over-year but up 6.7% sequentially. Earnings per diluted share were $0.32, a decline from $0.41 last year, yet a 28.0% increase from Q2 2020. Gross profit margin improved to 30.4% from 29.5% year-over-year. For the nine-month period, revenues dropped to $268.1 million from $331.7 million last year. The board declared a quarterly cash dividend of 22.5 cents per share, payable February 4, 2021. The company aims to manage costs while exploring acquisitions despite ongoing economic challenges from COVID-19.