Ennis(NYSE) EBF

Ennis makes paper products that help businesses stay organized. They produce items like business forms, envelopes, and labels. These tools help companies track records and mail documents.

The Tools for Modern Business

• Custom Business Forms: Personalized paper documents such as snap sets, continuous forms, and laser cut sheets; accounts for approximately 95% of manufactured products.
• Envelopes and Folders: Custom imprinted envelopes and presentation folders used for professional business communication and documentation.
• Tags and Labels: High-performance labels and custom tags designed for product identification and inventory tracking.
• Financial Documents: Secure checks and specialized paperwork used by banking organizations and accounting departments.
• Promotional Products: Advertising materials and school photography products provided to niche markets through the Adams McClure brand.

Expansion and Strategic Moves

• Acquired CFC on November 14, 2025, to add business-document printing and mailing services to the company portfolio.
• Purchased NEC and ESS on April 11, 2025, to strengthen production capabilities in the Northeast United States.
• Managed a strategic increase in carbonless paper inventory following the closure of a major domestic manufacturing facility.
• Integrated more than $4.5 million in incremental revenue from recent acquisitions during the quarter ended May 31, 2026.

A National Production Footprint

Ennis operates approximately 50 manufacturing plants across 20 states to maintain close proximity to its nationwide distributor network. The company serves as the largest U.S. producer of business forms and presentation folders for independent distributors.

Tracking the Latest Financial Results

• Net sales were $98.6 million for the quarter ended May 31, 2026, up 1.4% year-over-year.
• Net earnings were $9.9 million for the quarter ended May 31, 2026.
• Cash from operating activities was $21.2 million for the three months ended May 31, 2026.
• Working capital was $102.8 million at May 31, 2026, up 6.6% from February 28, 2026.
• Cash and cash equivalents totaled $49.1 million at the end of May 31, 2026.

Bottom Line

Ennis has evolved from a traditional forms printer into a diversified manufacturer of custom business supplies. Strategic acquisitions and a broad distributor network help the company maintain its market leadership.