Overview

• U.S. printed business products supplier's Q1 revenue rose 1.4% yr/yr

• Diluted EPS for Q1 was largely flat yr/yr at $0.39

• Gross margin improved to 31.5% from 31.1%, aided by recent acquisitions

Outlook

• Company says strong balance sheet and acquisition strategy position it well for fiscal 2027

• Company does not anticipate disruption to customer service or product quality from supplier transition

Result Drivers

• ACQUISITIONS - Co said acquisitions completed in fiscal 2026 contributed $4.5 mln in revenue and added $0.02 to diluted EPS

• SUPPLY CHAIN MANAGEMENT - Co said it secured inventory and developed alternative supply sources following closure of sole domestic producer of carbonless paper

Company press release: ID:nBw6XMQDFa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Slight Beat*	$98.60 mln	$98.20 mln (1 Analyst)
Q1 EPS	Meet	$0.39	$0.39 (1 Analyst)
Q1 Net Earnings		$9.88 mln
Q1 Adjusted EBITDA		$17.96 mln
Q1 Gross Margin		31.50%
Q1 Dividend		$0.25

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The one available analyst rating on the shares is "strong buy"

• The average consensus recommendation for the commercial printing services peer group is "buy."

• Wall Street's median 12-month price target for Ennis Inc is $24.00, about 18.1% above its June 18 closing price of $20.33

• The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

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