ENNIS, INC. EBF
Ennis, Inc. (collectively with its subsidiaries, the "Company," "Registrant," "Ennis," or "we," "us," or "our") was organized under the laws of Texas in 1909. Ennis is primarily a "trade printer" that manufactures a broad range of printed products that are resold throughout the United States through a network of independent distributors. This distributor channel encompasses independent print distributors, commercial printers, direct mail, fulfillment companies, payroll and accounts payable software companies, and advertising agencies, among others. We also sell products to many of our competitors to satisfy their customers' needs.
Our management believes we are the largest provider of business forms, pressure-seal forms, labels, tags, envelopes, and presentation folders to independent distributors in the United States.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $392.4M | $394.6M | $420.1M | $431.8M | $400.0M | $358.0M | $438.4M | $400.8M | $370.2M | $356.9M |
| Cost of revenue | $272.0M | $277.3M | $294.8M | $300.8M | $285.3M | $254.2M | $309.5M | $277.4M | $253.0M | $252.2M |
| Gross profit | $120.4M | $117.3M | $125.3M | $131.1M | $114.7M | $103.8M | $128.9M | $123.4M | $117.2M | $104.7M |
| SG&A | $67.7M | $65.4M | $68.8M | $70.8M | $71.4M | $68.3M | $78.2M | $73.5M | $69.2M | $62.5M |
| Operating income | $52.7M | $52.0M | $56.5M | $66.2M | $43.6M | $35.9M | $50.8M | $50.1M | $47.8M | $41.9M |
| Interest expense | — | — | $4.0M | $771.0K | $9.0K | $11.0K | $606.0K | $1.2M | $777.0K | $613.0K |
| Pre-tax income | $58.6M | $55.5M | $59.1M | $64.9M | $41.9M | $33.3M | $51.3M | $49.9M | $46.9M | $40.0M |
| Income tax | $16.0M | $15.2M | $16.5M | $17.6M | $13.0M | $9.2M | $13.0M | $12.5M | $14.2M | $13.6M |
| Net income | $42.6M | $40.2M | $42.6M | $47.3M | $29.0M | $42.6M | $38.3M | $37.4M | $32.9M | $1.8M |
| EPS, basic | 1.66 | 1.55 | 1.65 | 1.83 | 1.11 | 0.93 | 1.47 | 1.45 | — | 0.07 |
| EPS, diluted | 1.66 | 1.54 | 1.64 | 1.82 | 1.11 | 0.93 | 1.47 | 1.45 | 1.30 | 0.07 |
| Shares, diluted (wtd. avg.) | $25.7M | $26.2M | $25.9M | $26.0M | $26.1M | $26.0M | $26.0M | $25.8M | $25.4M | $25.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $34.6M | $67.0M | $81.6M | $94.0M | $85.6M | $75.2M | $68.3M | $88.4M | $96.2M | — |
| Short-term investments | $0 | $5.5M | $29.3M | $0 | — | — | — | — | — | — |
| Receivables | $38.0M | $37.0M | $47.2M | $53.5M | $39.0M | $37.9M | $43.1M | $40.4M | $35.7M | $37.4M |
| Inventory | $54.9M | $38.8M | $40.0M | $46.8M | $38.5M | $32.9M | $34.8M | $35.4M | $26.5M | $28.0M |
| Total current assets | $131.8M | $152.7M | $201.4M | $196.6M | $165.0M | $148.1M | $149.9M | $166.2M | $163.3M | $149.2M |
| Property, plant and equipment | $63.3M | $52.6M | $55.0M | $47.8M | $53.6M | $55.4M | $56.4M | $53.1M | $45.9M | $50.0M |
| Goodwill | $106.6M | $94.3M | $94.3M | $91.8M | $88.7M | $88.6M | $82.5M | $81.6M | $70.6M | $70.6M |
| Other intangibles | $38.8M | $33.3M | $38.3M | $44.1M | $45.6M | $52.7M | $56.6M | $61.3M | $49.3M | $53.9M |
| Total assets | $356.9M | $348.9M | $399.2M | $393.8M | $368.8M | $364.4M | $365.7M | $363.1M | $329.4M | $324.3M |
| Accounts payable | $14.3M | $13.8M | $11.8M | $18.3M | $16.7M | $14.8M | $17.2M | $13.7M | $12.2M | $14.2M |
| Total current liabilities | $35.4M | $33.3M | $33.8M | $41.2M | $37.2M | $35.1M | $38.0M | $31.6M | $29.6M | $30.0M |
| Long-term debt | — | — | — | — | — | — | — | $30.0M | $30.0M | $30.0M |
| Total liabilities | $48.2M | $47.0M | $49.3M | $62.4M | $65.0M | $63.8M | $71.4M | $74.0M | $67.7M | $72.9M |
| Retained earnings | $201.2M | $184.4M | $236.2M | $219.5M | $198.0M | $194.4M | $193.8M | $179.0M | $164.2M | $150.7M |
| Total equity | $308.7M | $302.0M | $349.8M | $331.4M | $303.8M | $300.5M | $294.3M | $289.1M | $261.7M | $251.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $52.7M | $65.9M | $69.1M | $46.8M | $50.7M | $52.8M | $57.2M | $51.3M | $45.3M | $58.9M |
| Depreciation and amortisation | $9.0M | $8.8M | $9.9M | $10.2M | $10.4M | $9.9M | $10.4M | $9.1M | $8.0M | $7.9M |
| Stock-based compensation | $2.5M | $4.0M | $1.2M | $2.8M | $2.8M | $1.2M | $1.4M | $1.4M | $1.3M | $1.4M |
| Capital expenditure | $11.7M | $5.9M | $6.5M | $4.3M | $6.5M | $3.7M | $3.4M | $4.8M | $2.7M | $3.1M |
| Investing cash flow | -$44.8M | $13.2M | -$55.0M | -$11.5M | -$10.1M | -$21.2M | -$21.4M | -$31.8M | -$4.0M | $86.1M |
| Financing cash flow | -$40.3M | -$93.7M | -$26.4M | -$27.0M | -$30.2M | -$24.7M | -$56.0M | -$27.4M | -$25.6M | -$72.5M |
| Dividends paid | $25.9M | $92.0M | $25.9M | $25.8M | $25.4M | $23.5M | $23.5M | $22.6M | $22.3M | $57.2M |
| Buybacks | $14.5M | $1.8M | $586.0K | $1.1M | $4.8M | $1.2M | $2.5M | $4.8M | $3.3M | $8.4M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-213764.