Stock events for Ennis, Inc. (EBF)
Ennis, Inc.'s stock (EBF) has experienced a decline over the past six months. Key events include quarterly earnings reports with decreased revenues and earnings per share, consistent quarterly cash dividend declarations, the acquisition of Northeastern Envelope, and Director Michael Schaefer not being renominated for re-election. The company faces declining demand for traditional printed products due to the adoption of digital alternatives. In Q2 2024, Ennis announced a special dividend of $2.5 per share.
Demand Seasonality affecting Ennis, Inc.’s stock price
The printing industry experiences seasonal fluctuations, with a slump in business during the summer months and winter holidays. Personalized printed products see a peak season around major holidays like Christmas, with calendar orders surging from November to January and gift-related printing being most effective in November and December. These industry trends likely influence Ennis, Inc.'s overall demand patterns.
Overview of Ennis, Inc.’s business
Ennis, Inc. designs, manufactures, and sells a wide array of stock and custom business forms and printed products, including snap sets, continuous forms, labels, and more. The company distributes its products through a national network of independent distributors, resellers, and advertising agencies.
EBF’s Geographic footprint
Ennis, Inc. is headquartered in Midlothian, Texas, and maintains a significant presence across the United States. The company operates over 50 manufacturing and distribution facilities strategically located across 19 states and serves more than 40,000 global distributors.
EBF Corporate Image Assessment
Ennis, Inc. has a long-standing history and is considered a trusted name in the printing industry. There have been no specific public events impacting its brand reputation in the past year. The primary challenge is the ongoing shift towards digital solutions, leading to a decline in demand for traditional printed products.
Ownership
Major institutional owners of Ennis, Inc. include BlackRock, Inc., Dimensional Fund Advisors LP, The Vanguard Group, Inc., Allspring Global Investments, LLC, and Renaissance Technologies LLC. Insider ownership stands at approximately 6.09%.
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