Financial Performance - Revenues for the first quarter ended May 31, 2025, were $97.2 million, a decrease of $5.9 million or 5.7% compared to $103.1 million for the same quarter last year[1] - Net earnings for the quarter were $9.8 million, or $0.38 per diluted share, compared to $10.7 million, or $0.41 per diluted share for the same quarter last year[1] - EBITDA for the current quarter was $17.7 million, or 18.2% of sales, compared to $19.0 million, or 18.4% of sales for the same quarter last year[2] Profitability Metrics - Gross profit margin increased to 31.1% for the quarter, up from 30.0% for the same quarter last year[2] - Recent acquisitions generated approximately $5.5 million in revenues during the quarter and positively impacted diluted earnings per share by $0.035[3] Cash Flow and Capital Management - Cash provided by operating activities was $7.96 million, while cash used in investing activities was $(30.8) million for the quarter[15] - The company repurchased 260,560 shares of common stock at an average price of $19.00 per share, reducing cash balances to $32.0 million[5] Dividends and Financial Position - The company declared a quarterly cash dividend of $0.25 per share, payable on August 11, 2025[10] - The company maintains a strong financial position with no debt and anticipates timely access to credit for future acquisitions[5] Inventory and Supply Chain Management - The company is investing in additional inventory to mitigate supply disruptions from the closure of the sole U.S. mill producing carbonless paper[4]
Ennis(EBF) - 2026 Q1 - Quarterly Results