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ENNIS, INC.

CIK:0000033002|SEC Filings

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 31, 2026	Aug. 31, 2025	Aug. 31, 2026	Aug. 31, 2025
Income Statement [Abstract]
Net sales	$ 102,006	$ 98,676	$ 200,619	$ 195,872
Type of revenue [extensible list]	Net sales	Net sales	Net sales	Net sales
Cost of goods sold	$ 71,514	$ 68,574	$ 139,045	$ 135,541
Type of cost, good or service [extensible list]	Cost of goods sold	Cost of goods sold	Cost of goods sold	Cost of goods sold
Gross profit	$ 30,492	$ 30,102	$ 61,574	$ 60,331
Selling, general and administrative	16,913	17,719	34,419	34,665
Gain from disposal of assets	0	0	(10)	0
Income from operations	13,579	12,383	27,165	25,666
Other income (expense)
Interest income	391	777	758	1,328
Loss (gain) from legal settlements	(700)	5,298	(700)	5,298
Other expense, net	(226)	(314)	(456)	(633)
Total other income (expense)	(535)	5,761	(398)	5,993
Earnings before income taxes	13,044	18,144	26,767	31,659
Income tax expense	3,652	4,989	7,495	8,706
Net earnings	$ 9,392	$ 13,155	$ 19,272	$ 22,953
Weighted average common shares outstanding
Basic	25,274,203	25,718,068	25,273,008	25,836,670
Diluted	25,327,517	25,791,647	25,299,308	25,905,625
Earnings per share
Basic	$ 0.37	$ 0.51	$ 0.76	$ 0.89
Diluted	$ 0.37	$ 0.51	$ 0.76	$ 0.89

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Aug. 31, 2026	Aug. 31, 2025
Cash flows from operating activities:
Net earnings	$ 19,272	$ 22,953
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation	4,277	4,519
Amortization of intangible assets	4,160	3,973
(Gain) loss from disposal of assets	(10)	0
Amortization of discount on short-term investments	0	(25)
Bad debt expense, net of recoveries	220	149
Stock based compensation	642	1,346
Net pension expense	711	913
Changes in operating assets and liabilities, net of the effects of acquisitions
Accounts and other receivables	1,842	(1,968)
Prepaid expenses and income taxes	(319)	(78)
Inventories	590	(20,767)
Other assets	34	31
Accounts payable and accrued expenses	2,705	7,320
Other liabilities	2	59
Net cash provided by operating activities	34,126	18,425
Cash flows from investing activities:
Capital expenditures	(1,945)	(2,793)
Purchase of businesses, net of cash acquired	0	(34,931)
Maturity of short-term investments	0	5,500
Proceeds from disposal of plant and property	10	270
Net cash provided by (used in) investing activities	(1,935)	(31,954)
Cash flows from financing activities:
Dividends paid	(12,750)	(13,076)
Common stock repurchases	0	(8,553)
Proceeds from exercise of stock options	0	44
Net cash used in financing activities	(12,750)	(21,585)
Net change in cash and cash equivalents	19,441	(35,114)
Cash and cash equivalents at beginning of period	34,570	67,000
Cash and cash equivalents at end of period	54,011	31,886
Supplemental disclosure of non-cash items:
Modification of share-based awards from equity to liability	$ 2,214	$ 0

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2026	Feb. 28, 2026
Current assets
Cash and cash equivalents	$ 54,011	$ 34,570
Accounts receivable, net	35,557	37,983
Other receivables	1,987	1,623
Inventories, net	54,305	54,895
Prepaid expenses	2,862	2,699
Prepaid income taxes	156	0
Total current assets	148,878	131,770
Property, plant and equipment, net	61,009	63,341
Operating lease right-of-use assets, net	7,144	9,503
Goodwill	106,586	106,586
Intangible assets, net	34,671	38,832
Net pension asset	2,208	2,208
Other assets	4,638	4,671
Total assets	365,134	356,911
Current liabilities
Accounts payable	16,027	14,291
Accrued expenses	20,030	16,846
Current portion of operating lease liabilities	3,262	4,244
Total current liabilities	39,319	35,381
Deferred income taxes	7,487	7,309
Operating lease liabilities, net of current portion	3,595	4,971
Other liabilities	518	518
Total liabilities	50,919	48,179
Shareholders’ equity
Common stock $2.50 par value, authorized 40,000,000 shares; issued 30,053,443 shares at August 31,2026 and February 28, 2026	75,134	75,134
Additional paid-in capital	125,059	127,057
Retained earnings	207,677	201,155
Accumulated other comprehensive loss:
Minimum pension liability, net of taxes	(8,963)	(9,496)
Treasury stock	(84,692)	(85,118)
Total shareholders’ equity	314,215	308,732
Total liabilities and shareholders' equity	$ 365,134	$ 356,911