Ennis, Inc. Files Q2 2024 10-Q Report
Ticker: EBF · Form: 10-Q · Filed: Oct 3, 2024 · CIK: 33002
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
Ennis, Inc. 10-Q filed for Q2 2024 ending Aug 31. Check financials.
AI Summary
Ennis, Inc. filed its 10-Q for the period ending August 31, 2024, reporting on its financial performance. The company's fiscal year ends on February 28, and this filing covers the second quarter. Specific financial figures and operational details for this period are detailed within the report.
Why It Matters
This 10-Q filing provides investors and analysts with a detailed look at Ennis, Inc.'s financial health and operational performance during the second quarter of fiscal year 2024.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing with no immediate red flags or significant negative news.
Key Players & Entities
- Ennis, Inc. (company) — Filer of the 10-Q report
- 20240831 (date) — End of the reporting period
- 20241003 (date) — Date of filing
- 0000033002 (company) — Central Index Key for Ennis, Inc.
- TX (location) — State of incorporation and business address
- MIDLOTHIAN (location) — City of business address
- 76065 (dollar_amount) — ZIP code of business address
- 9727759801 (dollar_amount) — Business phone number
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended August 31, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on October 3, 2024.
What is Ennis, Inc.'s fiscal year end?
Ennis, Inc.'s fiscal year ends on February 28.
Where is Ennis, Inc. headquartered?
Ennis, Inc.'s business address is in Midlothian, TX.
What is the SIC code for Ennis, Inc.?
The Standard Industrial Classification (SIC) code for Ennis, Inc. is 2761, which corresponds to Manifold Business Forms.
Filing Stats: 4,469 words · 18 min read · ~15 pages · Grade level 15.7 · Accepted 2024-10-03 16:31:51
Key Financial Figures
- $2.50 — ch registered Common Stock, par value $2.50 per share EBF New York Stock Exchan
Filing Documents
- ebf-20240831.htm (10-Q) — 1743KB
- 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
- 0000950170-24-112399.txt ( ) — 7874KB
- ebf-20240831.xsd (EX-101.SCH) — 1093KB
- ebf-20240831_htm.xml (XML) — 1487KB
: FINANCIAL INFORMATION
PART I: FINANCIAL INFORMATION
Condensed Consolidated Financial Statements (unaudited)
Item 1. Condensed Consolidated Financial Statements (unaudited) 3 Condensed Consolidated Balance Sheets at August 31, 2024 and February 29, 2024 3 Condensed Consolidated Statements of Operations for the three and six months ended August 31, 2024 and August 31, 2023 5 Condensed Consolidated Statements of Comprehensive Income for the three and six months ended August 31, 2024 and August 31, 2023 6 Condensed Consolidated Statements of Changes in Shareholders' Equity for the three and six months ended August 31, 2024 and August 31, 2023 7 Condensed Consolidated Statements of Cash Flows for the three and six months ended August 31, 2024 and August 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 23
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 30
Controls and Procedures
Item 4. Controls and Procedures 30
: OTHER INFORMATION
PART II: OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 30
Risk Factors
Item 1A. Risk Factors 30
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 31
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 31
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 31
Other Information
Item 5. Other Information 31
Exhibits
Item 6. Exhibits 31
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 ) August 31, February 29, 2024 2024 Assets Current assets Cash $ 99,977 $ 81,597 Short-term investments 22,655 29,325 Accounts receivable, net 43,729 47,209 Inventories, net 41,742 40,037 Prepaid expenses 2,099 2,168 Prepaid income taxes 2,157 1,046 Total current assets 212,359 201,382 Property, plant and equipment Plant, machinery and equipment 162,724 160,305 Land and buildings 67,798 67,121 Computer equipment and software 10,589 10,680 Other 4,016 4,124 Total property, plant and equipment 245,127 242,230 Less accumulated depreciation 190,322 187,265 Property, plant and equipment, net 54,805 54,965 Operating lease right-of-use assets, net 8,386 9,827 Goodwill 94,349 94,349 Intangible assets, net 36,475 38,327 Net pension asset 80 80 Other assets 360 260 Total assets $ 406,814 $ 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 ) August 31, February 29, 2024 2024 Liabilities and Shareholders' Equity Current liabilities Accounts payable $ 14,293 $ 11,846 Accrued expenses 15,662 17,541 Current portion of operating lease liabilities 3,940 4,414 Total current liabilities 33,895 33,801 Deferred income taxes 9,253 9,305 Operating lease liabilities, net of current portion 4,214 5,160 Other liabilities 1,083 1,083 Total liabilities 48,445 49,349 Shareholders' equity Common stock $ 2.50 par value, authorized 40,000,000 shares; issued 30,053,443 shares at August 31, 2024 and February 29, 2024 75,134 75,134 Additional paid-in capital 124,315 126,253 R