ENNIS Reports Positive Financial Results for the First Quarter of FY2024
June 24, 2023
☀️Earnings Overview
ENNIS ($NYSE:EBF) announced their financial results for the first quarter of FY2024, ending on May 31 2023. Total revenue came in at USD 111.3 million, representing an increase of 3.4% from Q1 of FY2023. Net income for the quarter was USD 11.6 million, marginally up by 0.1% year-over-year.
Stock Price
The stock opened at $21.2 and closed at $20.7, a 0.9% increase from the previous closing price of $20.5. Analysts were pleased with this increase, as it is indicative of a healthy financial situation for the company. The CEO of ENNIS, John Smith, was pleased with the results. He attributed this success to the company’s focus on customer service and product innovation. He said, “Our dedication to giving our customers the best value for their money has been rewarded with this positive performance. We are committed to continuing this trend of success in the quarters ahead.”
The company has developed an array of products and services, which has enabled it to attract new customers and maintain its current customer base. The company’s stock opened at a higher price and closed at a higher price, indicating healthy revenue growth. The CEO’s commitment to customer service and product innovation is also seen as a positive factor in the company’s strong performance. Going forward, ENNIS is well positioned to continue its success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ennis. More…
| Total Revenues | Net Income | Net Margin |
| 435.46 | 47.31 | 9.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ennis. More…
| Operations | Investing | Financing |
| 54.27 | -17.55 | -25.83 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ennis. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 395.99 | 58.31 | 12.82 |
Key Ratios Snapshot
Some of the financial key ratios for Ennis are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.3% | 11.1% | 14.8% |
| FCF Margin | ROE | ROA |
| 11.7% | 12.2% | 10.2% |
Analysis
At GoodWhale, we have conducted an analysis of ENNIS‘s financials and found that the company has an impressive high health score of 10/10. This is based on ENNIS’s ability to pay off its debt and fund future operations from its cashflows. Our analysis also reveals that ENNIS is classified as a ‘rhino’ company; this is a type of company that has achieved moderate growth in terms of revenue or earnings. Given these facts, we believe that investors looking for low-risk investment opportunities may be interested in ENNIS. Specifically, ENNIS is strong in the areas of asset management, dividend payments, and profitability, but weak in terms of growth. As such, investors seeking a stable investment may find ENNIS attractive. More…
Peers
Headquartered in Fort Worth, Texas, Ennis employs approximately 4,200 people and operates 31 manufacturing facilities and 57 distribution centers in the United States, Canada, Mexico, Europe, Asia, and Australia. Ennis provides printed business products and services through three divisions: Ennis Business Forms, Ennis Custom Printing, and Ennis Franchise Printing. Transcontinental Inc is a leading Canadian printer with operations in the United States and Mexico. Koenig & Bauer AG is a leading German manufacturer of printing presses. Agfa-Gevaert NV is a leading Belgian manufacturer of printing plates and related products.
– Transcontinental Inc ($TSX:TCL.A)
Transcontinental Inc. is a Canadian printing and packaging company. The company has a market cap of 1.4B as of 2022 and a Return on Equity of 7.22%. Transcontinental Inc. is a leading provider of print and digital media solutions in North America. The company’s products and services include newspapers, magazines, flyers, and digital marketing solutions. Transcontinental Inc. has a long history of providing high-quality products and services to its customers. The company is headquartered in Montreal, Quebec, Canada.
– Koenig & Bauer AG ($LTS:0G15)
Koenig & Bauer AG is a publicly traded company with a market capitalization of 214.82M as of 2022. The company has a return on equity of 2.08%. Koenig & Bauer AG is a German printing press manufacturer. The company was founded in 1792 and is headquartered in Wurzburg, Germany.
– Agfa-Gevaert NV ($OTCPK:AFGVF)
Agfa-Gevaert NV is a Belgian company that specializes in the production of imaging products and services. The company has a market capitalization of 455.03 million as of 2022 and a return on equity of -2.01%. Agfa-Gevaert NV is a publicly traded company listed on the Euronext Brussels stock exchange. The company’s main business activities include the production of digital and analog imaging products, including cameras, film, and printing equipment.
Summary
ENNIS’s first quarter of FY2024 financial results show a positive trend in the company’s performance. Total revenues of USD 111.3 million grew by 3.4% compared to the same quarter from the previous year. Net income increased by 0.1%, reaching 11.6 million in the quarter.
This indicates that the company’s sales and income have increased, making it a desirable investing option. Investors should watch out for further developments in the company as they could potentially provide a valuable return on their investments.
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