Because its fiscal year ends in February, Ennis Inc. (EBF) was one of the first companies to report quarterly results that fall entirely within the time of the COVID-19 pandemic. Before the market opened on June 22nd, Ennis reported first quarter results for the three months ended May 31.
As expected, revenue and profitability were sharply down in the current economic environment. However, the company's liquidity position and cash flow generation should allow it to survive an extended economic slowdown, and to thrive in a recovery scenario. The current share price and robust