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) 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.