Ennis Inc (EBF) Q1 2026 Earnings Report

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.