Ennis (NYSE: EBF) posts FY 2026 results and schedules July 16 meeting

Rhea-AI Filing Summary

Ennis, Inc. reported steady results for the quarter and fiscal year ended February 28, 2026, while setting July 16, 2026 as the date for its 2026 Annual Meeting of Shareholders, with a record date of May 15, 2026.

Quarterly revenue rose to $96.4 million, up 4.0% from $92.7 million, with gross margin at 29.2% and net earnings of $8.8 million, or $0.35 per diluted share, unchanged from last year’s quarter. For the fiscal year, revenue was $392.4 million versus $394.6 million, but net earnings increased to $42.6 million, or $1.66 per diluted share, compared to $40.2 million, or $1.54 per diluted share, as gross margin improved to 30.7%.

8-K Event Classification

3 items: 2.02, 8.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Quarterly net sales: $96.4 million Quarterly net earnings: $8.8 million Quarterly diluted EPS: $0.35 per share +5 more

8 metrics

Quarterly net sales $96.4 million Three months ended February 28, 2026

Quarterly net earnings $8.8 million Three months ended February 28, 2026

Quarterly diluted EPS $0.35 per share Three months ended February 28, 2026

Fiscal year revenue $392.4 million Fiscal year ended February 28, 2026

Fiscal year net earnings $42.6 million Fiscal year ended February 28, 2026

Fiscal year diluted EPS $1.66 per share Fiscal year ended February 28, 2026

Fiscal year EBITDA $75.7 million Fiscal year ended February 28, 2026 (non-GAAP)

Share repurchases $14.5 million / 793,000 shares Deployed during fiscal year ended February 28, 2026

Key Terms

EBITDA, non-GAAP financial measure, gross profit margin, operating lease right-of-use assets, +2 more

6 terms

EBITDA financial

"EBITDA totaled $16.3 million or 17.0% of sales"

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

non-GAAP financial measure financial

"EBITDA ... is a non-GAAP financial measure"

A non-GAAP financial measure is a way companies present their financial results that excludes certain expenses or income to show how they believe their core business is performing. It matters because it can give a clearer picture of how the company is really doing, but it can also be used to make results look better than they actually are.

gross profit margin financial

"Gross profit margin was 30.7% for the fiscal year"

Gross profit margin shows how much money a company keeps from sales after paying for the goods or services it sold. It’s like checking how much profit is left over from each dollar earned before covering other costs. A higher margin indicates the company makes more money from its sales, which helps assess its profitability and efficiency.

operating lease right-of-use assets financial

"Operating lease right-of-use assets, net, were 9,503"

An operating lease right-of-use (ROU) asset is an accounting entry that shows the value of a leased item you have the legal right to use—like a building, vehicle, or equipment—recorded on a company’s balance sheet along with the corresponding lease obligation. Investors care because it adds to reported assets and liabilities, changing measures like leverage and return on assets much like bringing a long-term rental onto the company’s financial snapshot, which can affect credit terms and valuation.

weighted average common shares outstanding financial

"Weighted average common shares outstanding Basic 25,291,363"

Weighted average common shares outstanding is the average number of a company’s common stock shares that were available during a reporting period, adjusted for share issuances, buybacks, splits or conversions that happened at different times. Investors use it to fairly calculate per‑share figures like earnings per share, because it’s like averaging how many cars were on a road over time rather than counting only a snapshot—giving a truer picture of value per share.

forward-looking statements regulatory

"Certain statements ... are forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Earnings Snapshot

Quarterly revenue: $96.4 million

quarter and fiscal year ended February 28, 2026

Quarterly revenue $96.4 million +4.0% year-over-year

Quarterly net earnings $8.8 million slightly below prior-year $9.0 million

Quarterly diluted EPS $0.35 flat vs prior-year quarter

Fiscal year revenue $392.4 million -0.6% vs prior fiscal year

Fiscal year net earnings $42.6 million up from $40.2 million prior year

Fiscal year EBITDA $75.7 million up from $72.0 million prior year

Understanding 8-K Material Events →

0000033002false00000330022026-04-202026-04-20

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 20, 2026

ENNIS, INC.

(Exact name of Registrant as Specified in Its Charter)

Texas			1-5807	75-0256410
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
2441 Presidential Pkwy.
Midlothian, Texas				76065
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: 972 775-9801

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $2.50 per share		EBF		The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On April 20, 2026, Ennis, Inc. issued a press release announcing its financial results for the three and twelve months ended February 28, 2026. A copy of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1 and is incorporated by reference herein.

Item 8.01 Other Events.

The 2026 Annual Meeting of Shareholders will be held on July 16, 2026, with a record date of May 15, 2026.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.	Description
99.1	Ennis, Inc. press release dated April 20, 2026 announcing its financial results for the three and twelve months ended February 28, 2026 (furnished pursuant to Item 2.02 of Form 8-K).
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

			Ennis, Inc.
Date:	April 20, 2026	By:	/s/ Vera Burnett
			Vera Burnett Chief Financial Officer

Exhibit 99.1

FOR IMMEDIATE RELEASE

ENNIS, INC. REPORTS RESULTS

FOR THE QUARTER AND YEAR ENDED FEBRUARY 28, 2026,

SETS RECORD DATE FOR ANNUAL SHAREHOLDER MEETING

Midlothian, TX. April 20, 2026 -- Ennis, Inc. (the “Company”), (NYSE: EBF), today reported financial results for the quarter and fiscal year ended February 28, 2026. Highlights include:

•Revenues were $96.4 million for the quarter, an increase of $3.7 million or 4.0% over last year's fourth quarter and $392.4 million for the fiscal year, a decrease of $2.2 million, or 0.6% over last fiscal year.

•Earnings per diluted share for the current quarter were $0.35 consistent with $0.35 for the same quarter last year. Earnings per diluted share were $1.66 for the fiscal year as compared to $1.54 for the last fiscal year.

•Gross profit margin for the quarter was 29.2% compared to 29.5% for the comparative quarter last year. Gross profit margin was 30.7% for the fiscal year compared to 29.7% for the prior fiscal year.

Financial Overview

The Company’s revenues for the fourth quarter ended February 28, 2026 were $96.4 million compared to $92.7 million for the same quarter last year, an increase of 4.0%. Gross profits totaled $28.1 million, or 29.2%, as compared to $27.4 million, or 29.5% for the same quarter last year. The Company's gross profit margin decreased on a sequential basis from 31.9% for the third quarter ended November 30, 2025 to 29.2%. Net earnings for the quarter were $8.8 million, or $0.35 per diluted share as compared to $9.0 million, or $0.35 per diluted share for the same quarter last year.

The Company’s revenues for the fiscal year ended February 28, 2026 were $392.4 million compared to $394.6 million for the prior fiscal year, a decrease of 0.6%. Gross profits totaled $120.4 million, or 30.7%, as compared to $117.3 million, or 29.7% for the prior fiscal year. Net earnings for the fiscal year were $42.6 million or $1.66 per diluted share, compared to $40.2 million, or $1.54 per diluted share for the prior fiscal year.

Keith Walters, Chairman, Chief Executive Officer and President, commented, “Our performance for the quarter met our expectations. Current year acquisitions contributed $8.8 million to quarterly sales, partially offset by lower organic volumes. Gross profit margin remained solid at 29.2% for the current quarter, compared to 29.5% in the prior year. EBITDA totaled $16.3 million or 17.0% of sales, reflecting stable operating performance relative to $16.5 million, or 17.8% of sales, in the same prior year quarter.

“We completed the integration of Northeastern Envelope Company, our largest acquisition this year, into our ERP systems, enhancing our ability to manage costs and pricing and supporting consistent margin performance. Current year acquisitions positively impacted diluted earnings per share by $0.05 for the quarter and $0.14 for the full year.

“As previously noted, we proactively increased inventory earlier in the year to mitigate supply risk following the announced mill closure of the only domestic producer of carbonless paper. During the fourth quarter, we successfully reduced inventory from $60.8 million to $54.9 million through the conversion of inventory to sales. As we transition to alternative suppliers, we do not expect any disruption to supply in the normal course of business. During the year, we also invested $8.0 million to purchase a facility we previously leased, which is expected to reduce future lease expense and support long-term operating efficiency.

"We maintain a strong balance sheet, with no debt and ample cash reserves. We expect cash balances to steadily increase over the coming quarters. Our profitability and financial strength allow us to operate and pursue acquisitions without reliance on debt, while retaining access to credit for larger initiatives if needed. During the year, we deployed $14.5 million to repurchase approximately 793,000 shares of our common stock at various points when market prices were attractive. Future share repurchases will be evaluated based on market conditions, capital allocation priorities, and other relevant factors. We remain focused on sustaining profitability and delivering returns to our shareholders."

Non-GAAP Reconciliations

To provide important supplemental information to both management and investors regarding financial and business trends used in assessing its results of operations, from time to time the Company reports the non-GAAP financial measure of EBITDA (EBITDA is calculated as net earnings before interest expense, tax expense, depreciation, and amortization). The Company may also report adjusted gross profit margin, adjusted earnings and adjusted diluted earnings per share, each of which is a non-GAAP financial measure.

Management believes that these non-GAAP financial measures provide useful information to investors as a supplement to reported GAAP financial information. Management reviews these non-GAAP financial measures on a regular basis and uses them to evaluate and manage the performance of the Company’s operations. Other companies may calculate non-GAAP financial measures differently than the Company, which limits the usefulness of the Company’s non-GAAP measures for comparison with these other companies. While management believes the Company’s non-GAAP financial measures are useful in evaluating the Company, when this information is reported it should be considered as supplemental in nature and not as a substitute or an alternative for, or superior to, the related financial information prepared in accordance with GAAP. These measures should be evaluated only in conjunction with the Company’s comparable GAAP financial measures.

The following table reconciles EBITDA, a non-GAAP financial measure, for the three and twelve months ended February 28, 2026 and February 28, 2025 to the most comparable GAAP measure, net earnings (dollars in thousands).

		Three months ended								Twelve months ended
		February 28,				February 28,				February 28,				February 28,
		2026				2025				2026				2025
Net earnings		$	8,847			$	9,023			$	42,627			$	40,222
Income tax expense			3,156				3,398				15,967				15,232
Depreciation and amortization			4,344				4,059				17,126				16,570
EBITDA (non-GAAP)		$	16,347			$	16,480			$	75,720			$	72,024
% of sales			17.0	%			17.8	%			19.3	%			18.3	%

In Other News

The 2026 Annual Meeting of Shareholders will be held on July 16, 2026, with a record date of May 15, 2026.

About Ennis

Founded in 1909, the Company is one of the largest private-label printed business product suppliers in the United States. Headquartered in Midlothian, Texas, Ennis has production and distribution facilities strategically located throughout the USA to serve the Company’s national network of distributors. Ennis manufactures and sells business forms, other printed business products, printed and electronic media, integrated forms and labels, presentation products, flex-o-graphic printing, advertising specialties, internal bank forms, plastic cards, secure and negotiable documents, specialty packaging, direct mail, envelopes, tags and labels and other custom products. For more information, visit www.ennis.com.

Safe Harbor under the Private Securities Litigation Reform Act of 1995

Certain statements that may be contained in this press release that are not historical facts are forward-looking statements that involve a number of known and unknown risks, uncertainties and other factors that could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements. The words “anticipate,” “preliminary,” “expect,” “believe,” “intend” and similar expressions identify forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for such forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause actual results and experience to differ materially from the anticipated results or other expectations expressed in such forward-looking statements. These statements are subject to numerous uncertainties, which include, but are not limited to, the erosion of demand for our printer business documents as the result of digital technologies, risk or uncertainties related to the completion and integration of acquisitions, and the limited number of available suppliers and variability in the prices of paper and other raw materials. Other important information regarding factors that may affect the Company’s future performance is included in the public reports that the Company files with the Securities and Exchange Commission, including but not limited to, its Annual Report on Form 10-K for the fiscal year ending February 28, 2025. The Company does not undertake, and hereby disclaims, any duty or obligation to update or otherwise revise any forward-looking statements to reflect events or circumstances occurring after the date of this release, or to reflect the occurrence of unanticipated events, although its situation and circumstances may change in the future. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material.

For Further Information Contact:

Mr. Keith S. Walters, Chairman, Chief Executive Officer and President

Ms. Vera Burnett, Chief Financial Officer

Mr. Dan Gus, General Counsel and Secretary

Ennis, Inc.

2441 Presidential Parkway

Midlothian, Texas 76065

Phone: (972) 775-9801

Fax: (972) 775-9820

www.ennis.com

Ennis, Inc.
Unaudited Condensed Consolidated Financial Information
(In thousands, except share and per share amounts)
		Three months ended								Twelve months ended
Condensed Consolidated Operating Results		February 28,				February 28,				February 28,				February 28,
		2026				2025				2026				2025
Net sales		$	96,364			$	92,701			$	392,403			$	394,618
Cost of goods sold			68,235				65,339				271,992				277,324
Gross profit			28,129				27,362				120,411				117,294
Selling, general and administrative			16,078				15,310				67,734				65,378
Loss (gain) from disposal of assets			6				37				(13	)			(58	)
Income from operations			12,045				12,015				52,690				51,974
Other expense (income)			42				(406	)			(5,904	)			(3,480	)
Earnings before income taxes			12,003				12,421				58,594				55,454
Income tax expense			3,156				3,398				15,967				15,232
Net earnings		$	8,847			$	9,023			$	42,627			$	40,222
Weighted average common shares outstanding
Basic			25,291,363				26,019,595				25,607,789				26,025,452
Diluted			25,405,120				26,103,458				25,692,296				26,159,008
Earnings per share
Basic		$	0.35			$	0.35			$	1.66			$	1.55
Diluted		$	0.35			$	0.35			$	1.66			$	1.54
										February 28,				February 28,
Condensed Consolidated Balance Sheet Information										2026				2025
Assets
Current assets
Cash										$	34,570			$	67,000
Short-term investments											—				5,475
Accounts receivable, net											37,983				37,037
Other receivables											1,623				1,716
Inventories, net											54,895				38,797
Prepaid expenses											2,699				2,715
Total Current Assets											131,770				152,740
Property, plant & equipment, net											63,341				52,586
Operating lease right-of-use assets, net											9,503				9,833
Goodwill and intangible assets, net											145,418				127,619
Other assets											6,879				6,157
Total Assets										$	356,911			$	348,935
Liabilities and Shareholders’ Equity
Current liabilities
Accounts payable										$	14,291			$	13,799
Accrued expenses											16,846				15,339
Current portion of operating lease liabilities											4,244				4,166
Total Current Liabilities											35,381				33,304
Other non-current liabilities											12,798				13,651
Total liabilities											48,179				46,955
Shareholders' equity											308,732				301,980
Total Liabilities and Shareholders' Equity										$	356,911			$	348,935
										Twelve months ended
										February 28,				February 28,
Condensed Consolidated Cash Flow Information										2026				2025
Cash provided by operating activities										$	52,732			$	65,855
Cash provided by (used in) investing activities											(44,848	)			13,200
Cash used in financing activities											(40,314	)			(93,652	)
Change in cash											(32,430	)			(14,597	)
Cash at beginning of period											67,000				81,597
Cash at end of period										$	34,570			$	67,000

FAQ

How did Ennis (EBF) perform in the quarter ended February 28, 2026?

Ennis reported quarterly net sales of $96.4 million, up 4.0% from $92.7 million a year earlier. Net earnings were $8.8 million, with diluted earnings per share of $0.35, matching the prior-year quarter while maintaining a 29.2% gross margin.

What were Ennis (EBF) fiscal year 2026 revenues and earnings?

For the fiscal year ended February 28, 2026, Ennis generated $392.4 million in revenue versus $394.6 million the prior year. Net earnings rose to $42.6 million, or $1.66 per diluted share, compared with $40.2 million, or $1.54 per diluted share, previously.

How did Ennis’ margins and EBITDA trend in fiscal 2026?

Ennis’ gross profit margin improved to 30.7% for fiscal 2026 from 29.7% a year earlier. EBITDA, a non-GAAP measure, was $75.7 million, or 19.3% of sales, compared with $72.0 million, or 18.3% of sales, in the prior fiscal year.

What did acquisitions contribute to Ennis (EBF) results?

Management stated that current year acquisitions contributed $8.8 million to quarterly sales. These acquisitions also increased diluted earnings per share by $0.05 for the quarter and $0.14 for the full year, supporting overall growth despite lower organic volumes.

What is Ennis’ cash and debt position at February 28, 2026?

At February 28, 2026, Ennis reported cash of $34.6 million and stated it has no debt, with shareholders’ equity of $308.7 million. Operating cash flow for the year was $52.7 million, while the company invested and returned capital, reducing its cash balance versus the prior year.

When is Ennis’ 2026 Annual Meeting and what is the record date?

The 2026 Annual Meeting of Shareholders for Ennis will be held on July 16, 2026. The company set May 15, 2026 as the record date, meaning shareholders of record on that date will be entitled to vote at the meeting.

How much stock did Ennis (EBF) repurchase during fiscal 2026?

Ennis disclosed that it deployed $14.5 million to repurchase approximately 793,000 shares of its common stock during the year. Repurchases occurred at various times when management viewed market prices as attractive, as part of its broader capital allocation strategy.

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 EX-99.1 376.0 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 24.4 KB