ENNIS Reports Strong Q2 Earnings Results for FY2024
September 22, 2023
☀️Earnings Overview
On September 18 2023, ENNIS ($NYSE:EBF) announced their earnings results for the second quarter of FY2024, which ended on August 31 2023. Their total revenue for the quarter amounted to USD 106.8 million, a 4.0% decrease from the same period last year. Net income for the quarter was USD 10.9 million, a 10.5% year-over-year decrease.
Stock Price
On Monday, ENNIS reported strong earnings results for the second quarter of fiscal year 2024. The company’s stock opened at $21.2 and closed at $21.5, registering a 2.4% increase from its previous closing price of 21.0. This positive market reaction is indicative of the strong performance ENNIS has managed to achieve during the quarter. This impressive growth was primarily driven by increased demand for their products and services, as well as improved operational efficiency.
Overall, investors remain impressed with the strong performance of ENNIS during the second quarter of FY2024. The company’s stock has been on an upward trend since the start of the fiscal year, further cementing its position as a market leader in its industry. Going forward, management is confident in their ability to sustain their current growth trajectory, as they continue to explore new avenues of revenue and profitability. 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 |
| 430.99 | 46.02 | 9.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ennis. More…
| Operations | Investing | Financing |
| 59.95 | -25.3 | -25.84 |
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 |
| 398.87 | 55.72 | 13.06 |
Key Ratios Snapshot
Some of the financial key ratios for Ennis are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.8% | 13.2% | 14.5% |
| FCF Margin | ROE | ROA |
| 13.3% | 11.5% | 9.8% |
Analysis
At GoodWhale, we believe that investors should know as much about a company as possible before investing. That’s why we provide comprehensive analysis of ENNIS‘ financials to give investors an informed decision about investing. Our risk rating system has evaluated ENNIS as a medium risk investment based on its financial and business aspects. However, we have detected two risk warnings in their income sheet and balance sheet. We encourage you to register with us to check out what these warnings are and decide if investing in ENNIS is the right decision. Our team of experts is available to provide guidance and make sure you understand the risks and potential rewards associated with this investment. Investing in ENNIS can be a profitable endeavor, but only if you invest wisely. With GoodWhale, you can be confident that you have the right information to make an informed decision about your investments. 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
Investors may be cautious when looking at ENNIS‘ second quarter performance for FY2024. Total revenue for the quarter was down 4.0% year-on-year, with net income dropping 10.5% compared to the same period last year. With the company’s income showing signs of slowing down, investors may want to consider other options before investing in ENNIS. It is important to note, however, that the company is already working to improve its performance and has announced plans to invest more in research and development in order to address the issues faced in this quarter.
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