Ennis, Inc. Files Q3 10-Q
Ticker: EBF · Form: 10-Q · Filed: Jan 7, 2025 · CIK: 33002
Sentiment: neutral
Topics: 10-Q, financials, manufacturing
TL;DR
Ennis Inc. 10-Q filed. Q3 results out. TX based.
AI Summary
Ennis, Inc. filed its 10-Q for the period ending November 30, 2024. The company, based in Midlothian, TX, operates in the manifold business forms industry. This filing covers their third fiscal quarter, with the fiscal year ending on February 28th. The company's primary business address is 2441 Presidential Parkway, Midlothian, TX 76065.
Why It Matters
This filing provides investors with a quarterly update on Ennis, Inc.'s financial performance and operational status, crucial for understanding the company's trajectory in the business forms sector.
Risk Assessment
Risk Level: low — This is a standard quarterly filing providing financial information, with no immediate red flags or significant new risks indicated.
Key Numbers
- 20241130 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
- 20250107 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
- 0228 — Fiscal Year End (Marks the end of Ennis, Inc.'s fiscal year.)
Key Players & Entities
- Ennis, Inc. (company) — Filer
- Midlothian, TX (location) — Company Headquarters
- 2441 Presidential Parkway (address) — Business and Mailing Address
- 2761 (industry_code) — Standard Industrial Classification for Manifold Business Forms
FAQ
What is the primary business of Ennis, Inc.?
Ennis, Inc. operates in the Manifold Business Forms industry, as indicated by its Standard Industrial Classification code 2761.
When does Ennis, Inc.'s fiscal year end?
Ennis, Inc.'s fiscal year ends on February 28th (0228).
Where is Ennis, Inc. headquartered?
Ennis, Inc. is located in Midlothian, TX, with its business and mailing address at 2441 Presidential Parkway.
What period does this 10-Q filing cover?
This 10-Q filing covers the period ending November 30, 2024.
What is the accession number for this filing?
The accession number for this filing is 0000950170-25-002567.
Filing Stats: 4,436 words · 18 min read · ~15 pages · Grade level 16 · Accepted 2025-01-07 09:17:43
Key Financial Figures
- $2.50 — ch registered Common Stock, par value $2.50 per share EBF New York Stock Exchan
Filing Documents
- ebf-20241130.htm (10-Q) — 2146KB
- ebf-ex31_1.htm (EX-31.1) — 13KB
- ebf-ex31_2.htm (EX-31.2) — 13KB
- ebf-ex32_1.htm (EX-32.1) — 9KB
- ebf-ex32_2.htm (EX-32.2) — 9KB
- 0000950170-25-002567.txt ( ) — 9160KB
- ebf-20241130.xsd (EX-101.SCH) — 1116KB
- ebf-20241130_htm.xml (XML) — 1853KB
: FINANCIAL INFORMATION
PART I: FINANCIAL INFORMATION
Condensed Consolidated Financial Statements (unaudited)
Item 1. Condensed Consolidated Financial Statements (unaudited) 3 Condensed Consolidated Balance Sheets at November 30, 2024 and February 29, 2024 3 Condensed Consolidated Statements of Operations for the three and nine months ended November 30, 2024 and November 30, 2023 5 Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended November 30, 2024 and November 30, 2023 6 Condensed Consolidated Statements of Changes in Shareholders' Equity for the three and nine months ended November 30, 2024 and November 30, 2023 7 Condensed Consolidated Statements of Cash Flows for the three and nine months ended November 30, 2024 and November 30, 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 ) November 30, February 29, 2024 2024 Assets Current assets Cash $ 55,704 $ 81,597 Short-term investments 12,862 29,325 Accounts receivable, net 40,255 47,209 Inventories, net 39,379 40,037 Prepaid expenses 2,746 2,168 Prepaid income taxes 1,469 1,046 Total current assets 152,415 201,382 Property, plant and equipment Plant, machinery and equipment 157,749 160,305 Land and buildings 67,772 67,121 Computer equipment and software 10,589 10,680 Other 3,996 4,124 Total property, plant and equipment 240,106 242,230 Less accumulated depreciation 186,911 187,265 Property, plant and equipment, net 53,195 54,965 Operating lease right-of-use assets, net 11,124 9,827 Goodwill 94,349 94,349 Intangible assets, net 34,532 38,327 Net pension asset 80 80 Other assets 360 260 Total assets $ 346,055 $ 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 ) November 30, February 29, 2024 2024 Liabilities and Shareholders' Equity Current liabilities Accounts payable $ 12,077 $ 11,846 Accrued expenses 15,578 17,541 Current portion of operating lease liabilities 4,664 4,414 Total current liabilities 32,319 33,801 Deferred income taxes 9,377 9,305 Operating lease liabilities, net of current portion 6,161 5,160 Other liabilities 502 1,083 Total liabilities 48,359 49,349 Shareholders' equity Common stock $ 2.50 par value, authorized 40,000,000 shares; issued 30,053,443 shares at November 30, 2024 and February 29, 2024 75,134 75,134 Additional paid-in capital 125,212 126,25