Ennis Inc reported QQ1 2026 revenue of $97.2 million, representing a 5.73% year-over-year decline and a 4.85% sequential rebound from the prior quarter. Despite softer top-line performance, the company delivered robust profitability metrics: gross margin of 31.1%, EBITDA of $17.7 million (EBITDA margin 18.2%), and operating income of $13.28 million (operating margin 13.7%). Net income totaled $9.80 million with basic and diluted EPS of $0.38. The quarter featured disciplined cost management and favorable operating leverage that helped preserve earnings power even as demand softened.* On the balance sheet, Ennis retains a strong liquidity position with cash and cash equivalents of $32.6 million and a net cash position of approximately $28.4 million after accounting for a modest debt burden of $4.27 million. The company also returned capital to shareholders via share repurchases of about $5.01 million and dividends of $6.57 million, while generating free cash flow of roughly $6.59 million. The QQ1 2026 results suggest a company navigating a modestly improved quarterly cadence while managing a mid-cycle form-runner market, with cash-generative operations and an intent to optimize capital allocation.
Key Performance Indicators
Revenue
Decreasing
97.20M
QoQ: 4.85% | YoY: -5.73%
Gross Profit
Decreasing
30.23M
31.10% margin
QoQ: 10.48% | YoY: -2.18%
Operating Income
Decreasing
13.28M
QoQ: 10.59% | YoY: -3.28%
Net Income
Decreasing
9.80M
QoQ: 8.60% | YoY: -8.31%
EPS
Decreasing
0.38
QoQ: 8.57% | YoY: -7.32%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue: $97.20M, YoY -5.73%, QoQ +4.85%; Gross Profit: $30.23M, YoY -2.18%, QoQ +10.48%; Operating Income: $13.28M, YoY -3.28%, QoQ +10.59%; Net Income: $9.80M, YoY -8.31%, QoQ +8.60%; EPS: $0.38, YoY -7.32%, QoQ +8.57%; Gross Margin: 31.10%; EBITDA: $17.70M, EBITDA Margin: 18.21%; Net Margin: 10.08%; Cash & Equivalents: $32.62M; Total Debt: $4.27M; Net Debt: -$28.35M (net cash); Current Assets: $136.05M; Current Liabilities: $45.81M; ROE (contextual approximation not provided); Free Cash Flow: $6.59M; Weighting of SG&A (selling, general & administrative) $16.95M; Operating Expenses: $16.95M; Inventory: $53.11M; Accounts Receivable: $47.59M; Backlog indicators not disclosed; Leverage and liquidity metrics substantiate a conservative balance sheet and prudent capital returns.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
97.20M
-5.73%
4.85%
Gross Profit
30.23M
-2.18%
10.48%
Operating Income
13.28M
-3.28%
10.59%
Net Income
9.80M
-8.31%
8.60%
EPS
0.38
-7.32%
8.57%
Key Financial Ratios
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