US Market News
3週前
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
US Market News
3月前
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
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