Ennis, Inc. Expands Production Capabilities & Acquires NEC and ESS

By Greg Peters • Monday, June 30 15:35 • Permanent Link

Ennis, Inc. has recently released its 10-Q report, providing insights into its financial performance and operations. Ennis, Inc. is primarily engaged in the production and sale of business forms and printed products in the United States. The company operates through various brands, including Ennis, Royal Business Forms, Block Graphics, ColorWorx, and many others. It distributes its products through independent distributors, commercial printers, software companies, and advertising agencies.

In its 10-Q report, Ennis, Inc. highlighted that it operates 57 manufacturing plants across the United States and is focused on custom and semi-custom products, offering a wide variety of sizes, colors, and quantities based on customer specifications. The company also emphasized its recent acquisitions of NEC and ESS, which generated approximately $26.0 million in sales for the fiscal year ended December 31, 2024, strengthening its production capabilities in the Northeast United States.

Ennis, Inc. outlined several challenges faced by the industry, including product obsolescence, paper supplier capacity adjustments, and increased pricing due to demand/supply curve imbalance. The company also acknowledged the impact of technology advances, such as electronic distribution of documents and digital printing, on traditional printed documents and customer communications.

In terms of financial performance, the 10-Q report indicated that the company continues to focus on managing and controlling product costs, including responding to supply disruptions and fluctuating paper prices. Ennis, Inc. also highlighted the continued consolidation of its customers, which may potentially impact margins and sales in the future.

The report also noted that there have been no material changes to the critical accounting estimates described in the company's Annual Report on Form 10-K for the year ended February 28, 2025.

The market has reacted to these announcements by moving the company's shares -0.11% to a price of $18.30. For more information, read the company's full 10-Q submission here.

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