Company Summary: Ennis, Inc.

Business Overview

Ennis, Inc. is primarily a trade printer with a long history dating back to 1909. The company manufactures a wide range of printed products that are resold throughout the United States mainly through a network of independent distributors.

Core Products and Brands

• Main Products:
  • Business forms (custom and semi-custom, including pressure-seal forms, pressure-sensitive products, and pressure seal documents)
  • Labels, Tags, Envelopes, and Presentation Folders
  • Integrated products, jumbo rolls, laser cut sheets, snap sets, and promotional media
  • Custom point-of-purchase advertising, in-mold labels, specialty packaging, healthcare wristbands, and long-run high-color web printing
  • Financial and security documents
• Brands and Sub-brands:
  • Ennis®, Royal Business Forms®, Block Graphics®, ColorWorx®, Enfusion®, Uncompromised Check Solutions®, VersaSeal®, Ad ConceptsSM, FormSource LimitedSM, and others.
  • Specialty brands like Adams McClure® (POP advertising), Adams McClure® (direct sales), and Northstar (financial documents).

Manufacturing and Operations

• Operates 56 manufacturing plants across 20 states in the U.S.
• The facilities are used for production, warehousing, and shipping of business products.
• Product mix is approximately 94% custom or semi-custom tailored to client specifications.
• Produces products that are often customized in size, color, parts, and quantity based on customer needs.

Customers and Market

• Serves primarily independent distributors including:
  • Business forms distributors
  • Commercial printers
  • Direct mail and fulfillment companies
  • Payroll and accounts payable software companies
  • Advertising agencies
• Also sells to many competitors to meet their customers' needs.
• Customer concentration: One customer accounts for 5.3% of accounts receivables; no single customer accounts for more than 5% of net sales.

Financial Highlights (Fiscal Year Ended February 28, 2025)

• Revenue: Approximately $394.6 million
• Net Income: Approximately $40.2 million
• Earnings per Share (Diluted): $1.54
• Employees: About 1,856 employees
• Shareholders: Around 596 shareholders of record
• Market Cap (based on market value of voting stock): Approximately $599 million (as of August 31, 2024)
• Dividends: Quarterly dividend of $0.25 per share; a special dividend of $2.50 per share paid in Q3 of FY2025.
• Stock Repurchase Program: Up to $60 million authorized; as of May 6, 2025, approximately 2.33 million shares have been repurchased.

Recent Acquisitions

• June 26, 2024: Acquired Printing Technologies, Inc. in Indianapolis (~$12.5 million sales)
• October 11, 2023: Acquired Eagle Graphics, Inc. and Diamond Graphics, Inc. (~$8.7 million combined sales)
• June 2, 2023: Acquired UMC Print (~$16.1 million 2022 sales)
• May 23, 2023: Acquired Stylecraft Printing Company (~$7.0 million in 2022 sales)

Environmental and Social Responsibility

• Complies with environmental laws; recycled over 21 million pounds of paper and 1.1 million pounds of cardboard and cores in FY2025.
• Uses soy-based inks and environmentally friendly cleaning agents.
• Active in local community support, including sponsoring youth sports and charitable organizations.
• Promotes workplace safety and diversity; supports unionized workforce (about 8%).

Key Risks

• Industry faces migration to digital and electronic communication reducing demand.
• Competitive pressures from large national competitors and office supply chains.
• Volatility in raw material prices, especially paper.
• Economic and market fluctuations affecting sales and profitability.
• Cybersecurity threats and data privacy concerns.

Note: The above summarizes the company's operations, product offerings, market, financial metrics, recent acquisitions, and operational highlights based solely on provided data.