Ennis Inc (EBF)

Ennis, Inc. Reports Results for the Quarter Ended May 31, 2026 and Declares Quarterly DividendJune 22, 2026 6:30 AM
Business Wire Ennis, Inc. (the “Company”), (NYSE: EBF), today reported financial results for the quarter ended May 31, 2026. Highlights include: Revenues were $98.6 million for the current quarter, an increase of $1.4 million or 1.4% over the same quarter last year. Earnings per diluted share for the current quarter were $0.39 as compared to $0.38 for the same quarter last year. Gross profit margin for the quarter was 31.5% compared to 31.1% for the comparative quarter last year. Financial Overview The Company’s revenues for the first quarter ended May 31, 2026 were $98.6 million compared to $97.2 million for the same quarter last year, an increase of 1.4%. Gross profit totaled $31.1 million, or 31.5%, as compared to $30.2 million, or 31.1% for the same quarter last year. The Company's gross profit margin improved sequentially from 29.2% for the fourth quarter ended in fiscal year 2026. Net earnings for the quarter were $9.9 million, or $0.39 per diluted share as compared to $9.8 million, or $0.38 per diluted share for the same quarter last year. Operating cash flow increased to $21.2 million compared to $8.0 million in the prior-year quarter, and cash balances increased to $49.1 million at May 31, 2026 from $34.6 million at February 28, 2026. Keith Walters, Chairman, Chief Executive Officer and President, commented, “Our performance for the quarter met our expectations. Revenue increased 1.4% over the prior-year quarter, while gross profit margin improved to 31.5%, compared to 31.1% in the prior year and 29.2% in the fourth quarter of fiscal 2026. EBITDA increased to $18.0 million or 18.2% of sales, compared to $17.7 million, or 18.2% of sales, in the same quarter last year. “Acquisitions completed during fiscal year 2026 contributed approximately $4.5 million in revenue during the quarter and positively impacted diluted earnings per share by $0.02, primarily reflecting non-comparable ownership periods relative to the prior-year quarter. We remain focused on realizing operational efficiencies and maintaining disciplined pricing practices across our businesses. “Over the past year, we proactively positioned ourselves to address the closure of the sole domestic producer of carbonless paper by securing inventory and developing alternative supply sources. We are successfully transitioning to those suppliers and do not anticipate any disruption to customer service, product availability or product quality. “Our financial position remains strong. During the quarter, cash increased to $49.1 million from $34.6 million at the end of fiscal year 2026, driven by operating cash flow of $21.2 million. We continue to operate with no debt and maintain ample liquidity to support operations, pursue acquisition opportunities and return capital to shareholders through our quarterly dividend. “We are encouraged by our first quarter performance and believe our strong balance sheet, disciplined cost structure and acquisition strategy position us well for the remainder of fiscal year 2027.” 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-months ended May 31, 2026 and 2025 to the most comparable GAAP measure, net earnings (dollars in thousands).     Three months ended       May 31,     May 31,       2026     2025   Net earnings   $ 9,879     $ 9,799   Income tax expense     3,843       3,716   Depreciation and amortization     4,239       4,183   EBITDA (non-GAAP)   $ 17,961     $ 17,698   % of sales     18.2 %     18.2 % In Other News On June 19, 2026 the Board of Directors declared a quarterly cash dividend of 25.0 cents per share on the Company’s common stock. The dividend is payable on August 10, 2026 to shareholders of record on July 10, 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, 2026. 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.     Three months ended   Condensed Consolidated Operating Results   May 31,     May 31,       2026     2025   Net Sales   $ 98,615     $ 97,197   Cost of goods sold     67,532       66,967   Gross profit     31,083       30,230   Selling, general and administrative     17,508       16,947   Gain from disposal of assets     (10 )     —   Income from operations     13,585       13,283   Other income     137       232   Earnings before income taxes     13,722       13,515   Income tax expense     3,843       3,716   Net earnings   $ 9,879     $ 9,799                 Weighted average common shares outstanding             Basic     25,363,246       25,956,639   Diluted     25,521,039       26,021,247                 Earnings per share             Basic   $ 0.39     $ 0.38   Diluted   $ 0.39     $ 0.38                     May 31,     February 28,   Condensed Consolidated Balance Sheet Information   2026     2026   Assets             Current Assets             Cash   $ 49,082     $ 34,570   Accounts receivable, net     34,756       37,983   Other receivables     785       1,623   Inventories, net     56,067       54,895   Prepaid expenses     2,763       2,699   Total Current Assets     143,453       131,770   Property, plant & equipment, net     61,534       63,341   Operating lease right-of-use assets, net     8,330       9,503   Goodwill and intangible assets, net     143,338       145,418   Other assets     6,863       6,879   Total Assets   $ 363,518     $ 356,911   Liabilities and Shareholders’ Equity             Current liabilities             Accounts payable   $ 15,251     $ 14,291   Accrued expenses     21,632       16,846   Current portion of operating lease liabilities     3,801       4,244   Total Current Liabilities     40,684       35,381   Other non-current liabilities     12,169       12,798   Total liabilities     52,853       48,179   Shareholders' Equity     310,665       308,732   Total Liabilities and Shareholders' Equity   $ 363,518     $ 356,911                     Three months ended       May 31,     May 31,   Condensed Consolidated Cash Flow Information   2026     2025   Cash provided by operating activities   $ 21,232     $ 7,960   Cash used in investing activities     (342 )     (30,799 ) Cash used in financing activities     (6,378 )     (11,538 ) Change in cash     14,512       (34,377 ) Cash at beginning of period     34,570       67,000   Cash at end of period   $ 49,082     $ 32,623     View source version on businesswire.com: https://www.businesswire.com/news/home/20260622518849/en/ 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 Original: Ennis, Inc. Reports Results for the Quarter Ended May 31, 2026 and Declares Quarterly Dividend

Ennis, Inc. Reports Results for the Quarter and Year Ended February 28, 2026, Sets Record Date for Annual Shareholder MeetingApril 20, 2026 6:00 AM
Business Wire
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.




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






 







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260420079882/en/
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


Original: Ennis, Inc. Reports Results for the Quarter and Year Ended February 28, 2026, Sets Record Date for Annual Shareholder Meeting

Ennis, Inc. Declares Quarterly DividendMarch 23, 2026 6:00 AM
Business Wire
Keith S. Walters, Chairman, President and Chief Executive Officer of Ennis, Inc. (NYSE: EBF), a manufacturer of business forms and other business products headquartered in Midlothian, Texas, announced today that the Board of Directors has declared a quarterly cash dividend of twenty-five cents ($0.25) per share on its common stock. The dividend is payable May 4, 2026 to shareholders of record on April 13, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260323193830/en/
For Further Information Contact:

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

Ms. Vera Burnett, Chief Financial Officer and Treasurer

Phone: (972) 775-9801


Original: Ennis, Inc. Declares Quarterly Dividend

New board.