ENNIS INC
For the period ended Feb 29, 2024. Filed May 10, 2024.
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FY2024 · Filed May 10, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 2. Properties
Our corporate headquarters are located in Midlothian, Texas, and we operate manufacturing facilities throughout the United States. See the table below for additional information regarding our locations.
All of our properties are used for the production, warehousing and shipping of business products, including the following: business forms, flexographic printing, and advertising specialties (Wolfe City, Texas); presentation products (Macomb, Michigan; De Pere, Wisconsin and Columbus, Kansas); printed and electronic promotional media (Columbus, Kansas); envelopes (Portland, Oregon; Columbus, Kansas; Tullahoma, Tennessee and Claysburg, Pennsylvania); financial forms (Minneapolis/St. Paul, Minnesota; Nevada, Iowa and Bridgewater, Virginia); and pressure seal products (Visalia, California; Chino, California; Roanoke, Virginia and Clarksville, Tennessee).
Our plants are operated at production levels required to meet our forecasted customer demands. Production levels fluctuate with market demands and depend upon the product mix at any given point in time. Equipment is added as existing machinery becomes obsolete or not repairable, and as new equipment becomes necessary to meet market demands; however, at any given time, these additions and replacements are not considered to be material additions to property, plant and equipment, although such additions or replacements may increase a plant’s efficiency or capacity.
All of our facilities are believed to be in good condition. We do not anticipate that substantial expansion, refurbishing, or re-equipping of our facilities will be required in the near future.
All of our rented property is held under leases with original terms of one or more years, expiring at various times through November 2028. Generally, we are able to maintain or renew leases as they expire without significant difficulty, but leases in certain markets may be subject to significant rent increases that necessitate consolidating operations to maintain profitability.
| Approximate Square Footage | |||
|---|---|---|---|
| Location | General Use | Owned | Leased |
| Fairhope, Alabama | Manufacturing | 65,000 | — |
| Sun City, California | Two Manufacturing Facilities and Warehouse | 52,617 | 1,911 |
| Denver, Colorado | One Manufacturing Facility | 60,000 | — |
| Lithia Springs, Georgia | Manufacturing | — | 40,050 |
| Harvard, Illinois | Manufacturing and Warehouse | 42,000 | — |
| South Elgin, Illinois | Manufacturing | — | 70,500 |
| Indianapolis, Indiana | Two Manufacturing Facilities | — | 38,000 |
| DeWitt, Iowa | Two Manufacturing Facilities | 95,000 | — |
| Nevada, Iowa | Two Manufacturing Facilities | 232,000 | — |
| Columbus, Kansas | Two Manufacturing Facilities and Warehouse | 174,089 | — |
| Ft. Scott, Kansas | Manufacturing | 86,660 | — |
| Girard, Kansas | Manufacturing | 69,474 | — |
| Overland Park, Kansas | Two Manufacturing Facilities | — | 26,750 |
| Parsons, Kansas | Manufacturing & One Warehouse | 122,740 | 40,000 |
| Canton, Michigan | Two Manufacturing Facilities and Warehouse | 32,958 | 13,490 |
| Macomb, Michigan | Manufacturing | 56,350 | — |
| Brooklyn Park, Minnesota | Manufacturing | 94,800 | — |
| El Dorado Springs, Missouri | Manufacturing | 70,894 | — |
| Fenton, Missouri | Manufacturing | — | 26,847 |
| Marlboro, New Jersey | Manufacturing and Warehouse | — | 7,450 |
| Caledonia, New York | Manufacturing and one vacant | 191,730 | — |
| Fairport, New York | Two Manufacturing Facilities | 40,800 | — |
| Coshocton, Ohio | Manufacturing | 24,750 | — |
| Toledo, Ohio | Three Manufacturing Facilities | 120,947 | — |
| Portland, Oregon | Two Manufacturing Facilities | — | 261,765 |
| Annville, Pennsylvania | Manufacturing | 37,000 | — |
| Bensalem, Pennsylvania | Manufacturing | — | 16,600 |
| Claysburg, Pennsylvania | Manufacturing | — | 69,000 |
| Clarksville, Tennessee | Manufacturing | 51,900 | — |
| Powell, Tennessee | Manufacturing | 43,968 | — |
| Tullahoma, Tennessee | Two Manufacturing Facilities | 142,061 | — |
| Arlington, Texas | Two Manufacturing Facilities | 69,935 | — |
| Ennis, Texas | Three Manufacturing Facilities * | 325,118 | — |
| Houston, Texas | Manufacturing | — | 29,668 |
| Wolfe City, Texas | Two Manufacturing Facilities | 119,259 | — |
| Bridgewater, Virginia | Manufacturing | — | 25,730 |
| Chatham, Virginia | Two Manufacturing Facilities | 127,956 | — |
| Roanoke, Virginia | Manufacturing | — | 110,000 |
| DePere, Wisconsin | Manufacturing | — | 123,187 |
| Mosinee, Wisconsin | Manufacturing | — | 5,400 |
| Neenah, Wisconsin | Two Manufacturing Facilities & One Warehouse | 72,354 | 97,161 |
| 2,622,360 | 1,003,509 | ||
| Corporate Offices | |||
| Ennis, Texas | Administrative Offices | 9,300 | — |
| Midlothian, Texas | Executive and Administrative Offices | 28,000 | — |
| 37,300 | — | ||
| Totals | 2,659,660 | 1,003,509 | |
- 22,000 square feet of Ennis, Texas location leased
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.