Ennis ( (EBF) ) has provided an update.
Ennis, Inc. announced the retirements of two key executives, Ronald M. Graham, Vice President – Administration, and Terry Pennington, Chief Revenue Officer, both effective February 28, 2025. The company reported a slight decrease in quarterly revenue to $99.0 million and a dip in earnings per share to $0.40. Despite softer demand in the market, Ennis, Inc. has maintained strong profit margins and improved EBITDA margin slightly to 18.6% of sales. The company completed the acquisition of Printing Technologies, Inc., bolstering its manufacturing capabilities and product offerings. With a robust balance sheet, no debt, and strong cash reserves, Ennis, Inc. is well-positioned to fund continued operations and strategic acquisitions. The Board of Directors also declared a quarterly cash dividend and a one-time special dividend, reflecting confidence in the company’s financial health and commitment to shareholder returns.
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