Ennis, Inc. Files 10-Q for May 31, 2024
Ticker: EBF · Form: 10-Q · Filed: Jun 26, 2024 · CIK: 33002
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
ENN 10-Q filed. Financials for Q1 2025 out.
AI Summary
Ennis, Inc. filed its 10-Q for the period ending May 31, 2024. The filing details financial performance and operational updates for the company, which operates in the manifold business forms industry. Specific financial figures and operational details are provided within the report.
Why It Matters
This 10-Q filing provides investors and stakeholders with a crucial update on Ennis, Inc.'s financial health and operational status for the recent quarter.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.
Key Players & Entities
- ENNIS, INC. (company) — Filer
- 20240531 (date) — Reporting Period End Date
- 20240626 (date) — Filing Date
- MANIFOLD BUSINESS FORMS [2761] (industry) — Standard Industrial Classification
- TX (location) — State of Incorporation
- MIDLOTHIAN (location) — Business Address City
- 76065 (zip_code) — Business Address Zip
- 9727759801 (phone_number) — Business Phone
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is May 31, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on June 26, 2024.
What is Ennis, Inc.'s Standard Industrial Classification code?
Ennis, Inc.'s Standard Industrial Classification code is 2761, for Manifold Business Forms.
In which state was Ennis, Inc. incorporated?
Ennis, Inc. was incorporated in Texas (TX).
What is the business address of Ennis, Inc.?
The business address of Ennis, Inc. is 2441 Presidential Parkway, Midlothian, TX 76065.
Filing Stats: 4,423 words · 18 min read · ~15 pages · Grade level 15.3 · Accepted 2024-06-26 15:52:25
Key Financial Figures
- $2.50 — ch registered Common Stock, par value $2.50 per share EBF New York Stock Exchan
Filing Documents
- ebf-20240531.htm (10-Q) — 1353KB
- ebf-ex31_1.htm (EX-31.1) — 13KB
- ebf-ex31_2.htm (EX-31.2) — 13KB
- ebf-ex32_1.htm (EX-32.1) — 8KB
- ebf-ex32_2.htm (EX-32.2) — 8KB
- 0000950170-24-077829.txt ( ) — 7076KB
- ebf-20240531.xsd (EX-101.SCH) — 1112KB
- ebf-20240531_htm.xml (XML) — 1264KB
: FINANCIAL INFORMATION
PART I: FINANCIAL INFORMATION
Condensed Consolidated Financial Statements (unaudited)
Item 1. Condensed Consolidated Financial Statements (unaudited) 3 Condensed Consolidated Balance Sheets at May 31, 2024 and February 29, 2024 3 Condensed Consolidated Statements of Operations for the three months ended May 31, 2024 and May 31, 2023 5 Condensed Consolidated Statements of Comprehensive Income for the three months ended May 31, 2024 and May 31, 2023 6 Condensed Consolidated Statements of Changes in Shareholders' Equity for the three months ended May 31, 2024 and May 31, 2023 7 Condensed Consolidated Statements of Cash Flows for the three months ended May 31, 2024 and May 31, 2023 8 Notes to Condensed Consolidated Financial Statements (unaudited) 9
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 22
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 28
Controls and Procedures
Item 4. Controls and Procedures 28
: OTHER INFORMATION
PART II: OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 28
Risk Factors
Item 1A. Risk Factors 28
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 29
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 29
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 29
Other Information
Item 5. Other Information 29
Exhibits
Item 6. Exhibits 29
FINANCI AL INFORMATION
PART I. FINANCI AL INFORMATION
FINANC IAL STATEMENTS
Item 1. FINANC IAL STATEMENTS ENNIS, INC. AND SUBSIDIARIES C O NDENSED CONSOLIDATED BALANCE SHEETS (unaudited, in thousands ) May 31, February 29, 2024 2024 Assets Current assets Cash $ 91,363 $ 81,597 Short-term investments 32,326 29,325 Accounts receivable, net 43,909 47,209 Inventories, net 41,003 40,037 Prepaid expenses 2,537 2,168 Prepaid income taxes - 1,046 Total current assets 211,138 201,382 Property, plant and equipment Plant, machinery and equipment 162,200 160,305 Land and buildings 67,019 67,121 Computer equipment and software 10,644 10,680 Other 4,055 4,124 Total property, plant and equipment 243,918 242,230 Less accumulated depreciation 188,812 187,265 Property, plant and equipment, net 55,106 54,965 Operating lease right-of-use assets, net 8,836 9,827 Goodwill 94,349 94,349 Intangible assets, net 36,398 38,327 Net pension asset 80 80 Other assets 260 260 Total assets $ 406,167 $ 399,190 See accompanying notes to condensed consolidated financial statements. 3 ENNIS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS-Continued (unaudited, in thousands, except for par value and share amounts ) May 31, February 29, 2024 2024 Liabilities and Shareholders' Equity Current liabilities Accounts payable $ 15,542 $ 11,846 Accrued expenses 17,176 17,541 Current portion of operating lease liabilities 4,075 4,414 Total current liabilities 36,793 33,801 Deferred income taxes 9,429 9,305 Operating lease liabilities, net of current portion 4,489 5,160 Other liabilities 1,083 1,083 Total liabilities 51,794 49,349 Shareholders' equity Common stock $ 2.50 par value, authorized 40,000,000 shares; issued 30,053,443 shares at May 31, 2024 and February 29, 2024 75,134 75,134 Additional paid-in capital 123,948 126,253 Retained earni