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Ennis (EBF) investor relations material
Ennis Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for the quarter ended November 30, 2025, were $100.2 million, up 0.4% year-over-year, driven by acquisitions offsetting organic volume declines.
Net earnings for the quarter were $10.8 million, with diluted EPS of $0.42, up from $0.39 last year.
Gross profit margin improved to 31.9% for the quarter, up from 29.3% year-over-year, reflecting operational efficiencies and acquisition impact.
EBITDA for the quarter was $19.2 million (19.2% of sales), up from $18.2 million (18.2% of sales) year-over-year.
Recent acquisitions (CFC Print & Mail, NEC, ESS) contributed to revenue growth and margin improvement.
Financial highlights
For the nine months ended November 30, 2025, net sales were $296.0 million, down 2.0% year-over-year, but net earnings rose to $33.8 million from $31.2 million.
Gross profit margin for the nine months rose to 31.2% from 29.8% year-over-year.
EBITDA for the nine months was $59.4 million (20.1% of sales), up from $55.5 million (18.4% of sales) year-over-year.
Operating cash flow for the nine months was $34.9 million, down from $53.1 million, mainly due to increased inventory purchases.
Cash and cash equivalents at period end were $31.3 million, with working capital of $97.6 million.
Outlook and guidance
Management expects operating cash flows to remain consistent and capital expenditures to range between $4.0 million and $7.0 million over the next twelve months.
Inventory levels were increased strategically to mitigate supply chain risks, particularly for carbonless paper.
No anticipated supply disruptions as the company transitions to alternative carbonless paper sources.
Cash flow expected to improve as inventory purchasing requirements decline in coming quarters.
Focus remains on sustaining profitability and pursuing acquisitions without reliance on debt.
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