ADDED
The number of shares of the Registrant s Common Stock, par value $2.50, outstan ding at May 6, 2025 was 26,053,221 .
Such forward-looking statements involve known and unknown risks, including but not limited to the impact of the internet and other electronic media on the demand for forms and printed materials; general economic, business and labor conditions, including the potential adverse effects of potential recessionary concerns, inflationary issues, U.S.
Ennis is primarily a trade printer that manufactures a broad range of printed products that are resold throughout the United States through a network of independent distributors.
This distributor channel encompasses independent print distributors, commercial printers, direct mail, fulfillment companies, payroll and accounts payable software companies, and advertising agencies, among others.
We operate 56 manufacturing plants throughout the United States in 20 strategically located states as one reportable segment; printing services and manufacture of business forms.
Raw materials principally consist of a wide variety of weights, widths, colors, sizes, and qualities of paper for business products purchased primarily from one major supplier at favorable prices based on our high volume of business with that supplier relative to our competitors.
On June 26, 2024, we acquired the assets and business of Printing Technologies, Inc.
In the last full year preceding the acquisition, PTI generated approximately $12.5 million in combined sales.
The acquisition of PTI strengthens our production capabilities and diversifies our product offerings to serve our large and growing customer base.
("Eagle") in Annville, Pennsylvania, and Diamond Graphics, Inc.
REMOVED
The number of shares of the Registrant s Common Stock, par value $2.50, outstan ding at May 9, 2024 was 25,984,014 .
Ennis is primarily a trade printer that manufactures a broad range of printed products that are resold throughout the United States through a network of independent distributors This distributor channel encompasses independent print distributors, commercial printers, direct mail, fulfillment companies, payroll and accounts payable software companies, and advertising agencies, among others.
We operate 59 manufacturing plants throughout the United States in 20 strategically located states as one reportable segment.
Raw materials principally consist of a wide variety of weights, widths, colors, sizes, and qualities of paper for business products purchased primarily from one major supplier at favorable prices based on the volume of business.
(" Eagle ") in Annville, Pennsylvania, and Diamond Graphics, Inc.
On November 30, 2022, we acquired the School Photo Marketing ( SPM ) assets from SPM Marketing, Inc.
in, which had approximately $10 million in sales in the twelve-month period preceding the acquisition.
SPM provides printing, yearbook publishing and marketing related services to over 1,400 school and sports photographers servicing schools around the country.
Customers No single customer accounts for as much as five percent of our consolidated net sales or accounts receivable.
Backlog At February 29, 2024, our backlog of firm orders was approximately $33.7 million, compared to approximately $46.7 million at February 28, 2023.