Ennis, Inc. reported a net sales increase of 1.4% for the three months ended May 31, 2026, reaching $98.6 million compared to $97.2 million in the same period last year. The growth was primarily driven by over $4.5 million in incremental revenues from recent acquisitions, which offset a $3.1 million decline in organic sales volume attributed to weaker customer demand in the U.S. printing market. The company's gross profit for the quarter was $31.1 million, representing a gross margin of 31.5%, an improvement from 31.1% in the prior year, largely due to effective pricing strategies and product mix enhancements.
The company's selling, general, and administrative (SG&A) expenses rose to $17.5 million, a 3.6% increase from $16.9 million in the previous year. This increase was mainly due to costs associated with the integration of prior year acquisitions and higher incentive compensation. Ennis reported net earnings of $9.9 million for the quarter, slightly up from $9.8 million in the same period last year, resulting in earnings per diluted share of $0.39, compared to $0.38 in the prior year.
In terms of operational developments, Ennis continues to expand its footprint through strategic acquisitions. The company acquired CFC Print & Mail in November 2025 for approximately $3.9 million, enhancing its capabilities in business-document printing and mailing services. Additionally, the acquisition of Northeastern Envelope Company and Envelope Superstore in April 2025 for about $35 million has strengthened its production capabilities in the Northeast and Southeast U.S. These acquisitions are expected to contribute positively to future revenues and operational efficiencies.
As of May 31, 2026, Ennis reported total assets of $363.5 million, up from $356.9 million at the end of February 2026. The company’s cash and cash equivalents increased significantly to $49.1 million, compared to $34.6 million in the previous quarter. Working capital also rose to $102.8 million, reflecting a solid liquidity position. The company anticipates that its cash on hand, along with expected operating cash flows, will be sufficient to meet its operational and capital requirements over the next twelve months.
Looking ahead, Ennis remains focused on navigating the challenges posed by the competitive printing industry, including ongoing consolidation among customers and suppliers, as well as fluctuations in raw material costs. The company plans to continue investing in its product offerings and operational efficiencies while maintaining a strong liquidity position to support future growth initiatives.
About ENNIS, INC.
Ennis, Inc. is a leading trade printer specializing in manufacturing and selling business forms, pressure-seal forms, labels, tags, envelopes, and presentation folders primarily to independent distributors across the U.S. It operates 56 manufacturing plants, offering custom and semi-custom products. The company emphasizes quality, service, and innovation, serving diverse markets with a focus on sustainable sourcing and operational efficiency.
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