Ennis Inc

ennis.com

What Do They Do?

Sells business forms and other printed products to independent distributors, print and direct-mail businesses, and software companies and advertising agencies.

How Do They Make Money?

Customers buy printed products, with most sales completed at shipment and some at delivery; invoices typically have 30 to 90 day payment terms.

FY2026 revenue

Who Are Their Customers?

Ennis sells mostly to independent distributors, which resell the printed products to end users. It also sells directly to a small number of large banks and, through advertising agencies, to a small number of customers.

Do Revenues Turn Into Profits?

Yes. It kept 11 cents of every revenue dollar as net income in FY2026 and turned 10 cents into free cash flow.

Operating income, FY2026

13% of revenue

▲ +1% vs FY2025 ($52M, 13%)

Net income, FY2026

11% of revenue

▲ +6% vs FY2025 ($40.2M, 10%)

Free cash flow, FY2026

10% of revenue

▼ −32% vs FY2025 ($60M, 15%)

How Are They Changing?

Since the FY2026 annual report

Latest quarter: Q2 FY2026, the three months to Aug 31, 2026

Revenue: ▲ +3%; vs $98.7M in Q2 FY2025
Net income: ▼ −29%; vs $13.2M in Q2 FY2025

Flat. Revenue was $392.4M in FY2026, about the same as the $400M of FY2022.

Envelope businesses The latest report adds Northeastern Envelope Company and Envelope Superstore, acquired to strengthen envelope converting and printing capabilities, alongside the earlier report’s existing envelope products.

Who Do They Compete With?

Competes with R.R. Donnelley and Sons, Staples, Standard Register, Taylor, and Cenveo

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