Ennis (EBF) risk factors, FY2026 10-K

Ennis's FY2026 10-K, filed May 08, 2026, lists 20 risk factors in 2 groups. Against the prior year's 19: 2 new, 1 dropped, 4 substantially reworded.

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Risk factors listed
202 groups
New this year
2vs 19 last year
Dropped
1since the prior 10-K
Substantially reworded
4of those kept
Section length
4k wordsItem 1A

What the changes say

  • Paper supply risk is now more acute after a primary domestic carbonless-paper mill closed, eliminating the sole U.S. source.
  • The company added risks around protecting acquired customer information, customer relationships, trade names, and trademarks.
  • IT risk now explicitly covers third-party failures and disruptions to manufacturing, order processing, and financial reporting.
  • Tariff risk now highlights supplier pass-through costs and potential effects on company costs and customer demand.

What changed since the prior 10-K

New

  • NewRisks related to our business and operations

    Our ability to protect our customer relationships, including those acquired through acquisitions, and our trademarks is important to our business, and failure to do so could adversely affect our results of operations

    Unauthorized use or loss of customer information, trade names, or trademarks could cause customer losses, reputational harm, and lower revenue.

  • NewRisks related to our business and operations

    We obtain our raw materials from a limited number of suppliers, and any disruptions in supply, including the recent closure of a primary supplier’s mill, could adversely affect our business

    A primary supplier’s mill closure eliminated the sole U.S. carbonless-paper source, creating international sourcing, pricing, logistics, tariff, currency, and quality risks.

Dropped

  • DroppedRisks related to our business and operations

    We obtain our raw materials from a limited number of suppliers, and any disruption in our relationships with these suppliers, or any substantial increase in the price of raw materials or material shortages could have a material adverse effect on us

Reworded

  • 38% rewrittenRisks related to our business and operations

    We depend on the reliability of our information technology ("IT") and network infrastructure as well as those of third parties. If these systems fail, our operations may be adversely affected

    The risk now explicitly covers third-party system failures and downtime affecting manufacturing, order processing, and financial reporting; phishing is no longer specifically named.

  • 32% rewrittenRisks related to our business and operations

    Our distributor customers may be acquired by other manufacturers who redirect business within their plants

    The risk now adds that distributor consolidation, vertical integration, or purchasing changes could reduce volumes, compress margins, or redirect business.

  • 23% rewrittenRisks related to our business and operations

    We are subject to taxation related risks

    The cited tax-law change was updated from the 2022 Inflation Reduction Act to the July 2025 One Big Beautiful Bill Act.

  • 23% rewrittenRisks related to our business and operations

    Changes in U.S. tariff and trade policy could adversely affect our business

    The risk now says domestic suppliers may pass tariffs through as higher prices, increasing company costs and affecting customer demand.

All 20 risk factors

Headings as the filing states them, in filing order.

Risks related to our business and operations

  1. 01Our ability to protect our customer relationships, including those acquired through acquisitions, and our trademarks is important to our business, and failure to do so could adversely affect our results of operationsNew
  2. 02Our results and financial condition are affected by global and local market conditions, competitors’ pricing strategies, including the impact of tariffs and trade policies, which can adversely affect our sales, margins, and net income
  3. 03Digital technologies will continue to erode the demand for our printed business documents
  4. 04We obtain our raw materials from a limited number of suppliers, and any disruptions in supply, including the recent closure of a primary supplier’s mill, could adversely affect our businessNew
  5. 05Challenging financial market conditions and changes in long-term interest rates could adversely impact the funded status of our pension plan
  6. 06We may be unable to identify or to complete acquisitions or to successfully integrate the businesses we acquire
  7. 07Our distributor customers may be acquired by other manufacturers who redirect business within their plants32% rewritten
  8. 08Our distributors face increased competition from various sources, such as office supply superstores. Increased competition may require us to reduce prices or to offer other incentives in order to enable our distributors to attract new customers and retain existing customers
  9. 09We could experience labor disputes, labor shortages and increases in cost of labor that could disrupt our business in the future and impact operating results
  10. 10We face intense competition to gain market share, which may lead some competitors to sell substantial amounts of goods at prices against which we cannot profitably compete
  11. 11Environmental regulations may impact our future operating results
  12. 12Changes in U.S. tariff and trade policy could adversely affect our business23% rewritten
  13. 13We are subject to taxation related risks23% rewritten
  14. 14We are exposed to the risk of non-payment by our customers on a significant amount of our sales
  15. 15Our business incurs significant freight and transportation costs
  16. 16A natural disaster, catastrophe, pandemic or other unexpected events could adversely affect our operations
  17. 17We depend on the reliability of our information technology ("IT") and network infrastructure as well as those of third parties. If these systems fail, our operations may be adversely affected38% rewritten
  18. 18Increasing global cybersecurity attacks and regulatory focus on privacy and security issues could impact our business, expose us to increased liability, subject us to lawsuits, investigations and other liabilities and restrictions on our operations that could significantly and adversely affect our business
  19. 19Increases in the cost of employee benefits could impact our financial results and cash flow

Risks related to our securities

  1. 20Because of the volatility in the stock market in general, the market price of our Common Stock will also likely be volatile

Other Ennis 10-Ks

  • FY2025 10-K risk factors
    19 risks

    The company relies heavily on a single major paper supplier and faces structural erosion from digital substitutions.

    Filed May 13, 2025

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.