EBF - Ennis: Growing Through Acquisitions In A Difficult Market

Summary

• Ennis remains a key player in the commercial printing market, growing and expanding market and niche opportunities through six acquisitions in the last five years.
• While growth is not significantly strong, it has been increasing its revenues and operating income, maintaining cash flow and a healthy balance sheet for seven consecutive quarters.
• Cautious of the digital technology continuing to erode demand, rising raw material costs, inflationary environment, and increased import competition.

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