10-Q · July 1, 2026
Ennis, Inc. reported Q1 results for fiscal 2026 with revenues of $98.6 million and diluted EPS of $0.39, marking a marginal increase compared to the prior year's Q1 where revenues were $97.2 million and EPS was $0.38.…
Earnings analysis · 10-Q
EBF earnings analysis
Filed October 5, 2026 · Our reading of the company's report
The latest report
Ennis generated $102.0 million of revenue, up 3.3% year over year, but diluted EPS declined to $0.37 from $0.51 as litigation and carbonless-paper costs weighed on earnings. The Arizona landlord dispute remains the…
Read full summary
Ennis generated $102.0 million of revenue, up 3.3% year over year, but diluted EPS declined to $0.37 from $0.51 as litigation and carbonless-paper costs weighed on earnings. The Arizona landlord dispute remains the principal near-term risk: the company recorded a $1.2 million reserve after a $0.7 million quarterly increase, versus a preliminary $2.3 million damages finding and more than $4.0 million sought by the landlord. The company had no debt at August 31, 2026, controls remained effective, and no quantitative forward guidance was provided.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.37
What stood out
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Revenue grew 3.3% year over year
Revenue increased 3.3% year over year to $102.0 million. The filing does not provide segment-level revenue data in the supplied text.
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No outstanding debt
The company had no outstanding debt at August 31, 2026, leaving the balance sheet unlevered and limiting current interest-rate exposure.
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Controls remained effective
Management reported effective disclosure controls as of August 31, 2026, and no changes in internal control over financial reporting during the three and six months ended August 31, 2026 that materially affected, or were reasonably likely to materially affect, controls.
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Repurchase capacity preserved
The company did not repurchase shares during the three or six months ended August 31, 2026. A total of $7.2 million remained available under the repurchase authorization at August 31, 2026.
What to watch
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Litigation and input costs pressured EPS
Diluted EPS was $0.37, down from $0.51 in the prior-year quarter, according to the prior quarterly analysis. The decline was attributed primarily to litigation and carbonless-paper costs.
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Arizona litigation remains unresolved
The Arizona landlord lawsuit involves more than $4.0 million of claimed repair costs and consequential damages. Management increased its reserve by approximately $0.7 million during the quarter to a total reserve of approximately $1.2 million, while disputing the court's preliminary $2.3 million damages finding.
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Prior-year legal gain creates comparison headwind
The company reported a $5.7 million favorable judgment in an unrelated Wright Printing lawsuit in the prior-year quarter, including $0.4 million of interest income, creating an unfavorable year-over-year comparison for reported earnings.
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No formal risk-factor update
The filing states there were no material changes to the risk factors in the February 28, 2026 Form 10-K. Nevertheless, the Arizona proceeding remains pending after the September 9, 2026 preliminary findings, and the company may pursue appellate remedies.
Management's outlook
No quantitative revenue or EPS guidance was provided in the 10-Q. Management stated that quarterly performance met expectations; outlook was deferred to the earnings release or call.
Earlier filings 2
10-K · May 8, 2026
Ennis, Inc. reported a slight decline in revenue to $392.4 million for fiscal year 2026 from $394.6 million in the prior year, driven by lower organic volumes but partially offset by increased contributions from…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.