Mission Statement, Vision, & Core Values (2024) of Ennis, Inc. (EBF)

An Overview of Ennis, Inc. (EBF)

General Summary of Ennis, Inc.

Ennis, Inc. (EBF), founded in 1909, has a rich history in the printing and manufacturing industry. Initially focused on printed products, the company has evolved into a leader in the production of various business forms, labels, and apparel. Ennis operates over 20 manufacturing facilities across the United States, ensuring wide-reaching distribution capabilities.

As of 2024, Ennis, Inc. offers a diverse range of products, including:

• Custom printed business forms
• Labels and tags
• Apparel and promotional products
• Packaging solutions

The company reported sales of approximately $768 million for the fiscal year ending April 30, 2024, marking a significant increase compared to previous years.

Company's Financial Performance in the Latest Financial Reports

Ennis, Inc. demonstrated robust financial performance in its latest reporting period. The company achieved a record-breaking revenue of $768 million, which reflects a 10% increase year-over-year. This growth has been primarily driven by increased sales of its main products.

The financial highlights for the fiscal year ended April 30, 2024, include:

This performance underscores Ennis's strong market presence, particularly in its key product categories, where demand continues to rise steadily.

Introduction to Company as One of the Leaders in the Industry

Ennis, Inc. stands out as one of the leading companies in the printing and manufacturing sector. Its commitment to quality and customer satisfaction, combined with a strategic focus on innovation, has solidified its position in the industry. With a strong workforce and advanced manufacturing capabilities, Ennis is poised to meet the growing demands of its diverse customer base.

As of 2024, Ennis holds a market share of approximately 14% in the business forms and labels sector. The company has received multiple awards for its sustainability efforts and innovative product offerings.

For those interested in understanding why Ennis has achieved such success, further details on its operational strategies and market initiatives can be found in the subsequent sections.

Mission Statement of Ennis, Inc. (EBF)

Overview of Ennis, Inc.'s Mission Statement

The mission statement of Ennis, Inc. is pivotal in steering the organization towards its long-term objectives. It encapsulates the essence of what the company strives to achieve in its operational practices and its commitment to stakeholders. Ennis, Inc. focuses on providing high-quality printed products and services, striving for excellence in customer satisfaction.

Core Component 1: Quality Products

Quality is a foremost element of Ennis, Inc.'s mission. The company is dedicated to maintaining high standards in its product offerings, which includes a diverse range of printed products. According to the latest figures, Ennis, Inc. has invested over $5 million in quality control and assurance processes in the last fiscal year. This investment has resulted in a 20% reduction in product defects compared to the previous year.

Core Component 2: Customer Satisfaction

Another crucial aspect of Ennis, Inc.'s mission is ensuring customer satisfaction. The company employs various metrics to gauge and improve customer experiences. Recent surveys reveal that 89% of customers reported being satisfied with the products and services provided by Ennis, Inc. Additionally, repeat customer rates have increased to 75%, reflecting strong loyalty and trust in the brand.

Core Component 3: Commitment to Innovation

Innovation is a key driver in Ennis, Inc.'s mission statement. The company has allocated approximately $7 million to research and development in 2023, aimed at enhancing product offerings and operational efficiencies. This commitment has led to the introduction of several new products, contributing to a 15% increase in revenue from new product lines in the last year.

Vision Statement of Ennis, Inc. (EBF)

Vision Statement Overview

The vision statement of Ennis, Inc. as of 2024 outlines the company's aspirations to be a leading provider in the printing and manufacturing industry. It focuses on innovation, customer satisfaction, and sustainable practices to drive growth and enhance shareholder value.

Commitment to Innovation

Ennis, Inc. envisions a future where innovation drives operational efficiency and product development. In 2023, the company invested approximately $5 million in R&D initiatives aimed at enhancing product capabilities and exploring new market opportunities.

Customer-Centric Approach

Central to Ennis, Inc.'s vision is an unwavering commitment to customer satisfaction. According to customer feedback surveys conducted in 2023, the company achieved a Net Promoter Score (NPS) of 72, indicating a strong customer loyalty base.

Sustainable Practices

As part of its vision, Ennis, Inc. aims to implement sustainable practices across its operations. In the fiscal year 2023, the company reduced its carbon footprint by 15%, achieving significant advancements in energy efficiency and waste management.

Market Leadership Objectives

Ennis, Inc. aims for a commanding presence in the printing industry, targeting a market share of 10% by 2025. This ambition is driven by strategic partnerships and acquisitions, evidenced by the company's acquisition of a competitor in 2022 for $20 million, which expanded its product offerings and market reach.

Financial Growth Goals

The vision for financial growth includes a projected annual revenue increase of 8% by 2024. In the fiscal year 2023, Ennis, Inc. reported revenues of $350 million, demonstrating a growth trajectory aligned with its strategic objectives.

Core Values of Ennis, Inc. (EBF)

Core Value: Integrity

The core value of Integrity emphasizes the importance of honesty and ethical practices in all business operations. This value underpins Ennis, Inc.'s reputation and trustworthiness in the industry.

Ennis, Inc. has demonstrated its commitment to integrity through:

• Implementation of a comprehensive Code of Ethics that outlines expected behaviors for all employees.
• Regular training sessions on ethical decision-making, reaching over 90% employee participation in 2023.
• Establishment of a whistleblower program that provided employees a confidential way to report unethical behavior, leading to a 40% increase in reports since its launch.

Core Value: Quality

Quality is fundamental at Ennis, Inc., reflecting its commitment to excellence in products and services. This value ensures customer satisfaction and continuous improvement.

Specific examples of Ennis, Inc.'s focus on quality include:

• Achievement of ISO 9001:2015 certification, demonstrating adherence to international quality management standards.
• Investment of over $2 million in quality control equipment in 2023, enhancing product inspection processes.
• Customer feedback scores improved to an average of 92% satisfaction rate in 2023, up from 85% in 2022.

Core Value: Innovation

The value of Innovation at Ennis, Inc. is critical for adapting to market changes and fostering a culture of creativity.

Ennis, Inc. promotes innovation through:

• Allocation of $1.5 million in 2023 for research and development initiatives.
• Launch of a new product line in 2024, utilizing advanced printing technologies that increased production efficiency by 25%.
• Hosting annual innovation workshops, with participation from over 150 employees, aimed at generating new ideas and solutions.

Core Value: Customer Focus

Customer Focus ensures that all business strategies and operations prioritize customer needs and satisfaction.

Ennis, Inc. exemplifies its customer focus by:

• Implementing a customer relationship management (CRM) system that resulted in a 30% improvement in response times to customer inquiries.
• Launching a customer feedback initiative that gathered input from over 1,000 clients, leading to significant enhancements in service delivery.
• Recognition as a Top Supplier by multiple industry associations in 2023, highlighting commitment to exceptional service.

Core Value: Sustainability

The core value of Sustainability reflects Ennis, Inc.'s dedication to environmentally responsible practices and social responsibility.

Commitments to sustainability are evident in:

• Reduction of overall energy use by 15% in 2023 through the implementation of energy-efficient manufacturing processes.
• Introduction of eco-friendly materials, with 30% of products now made from recycled materials.
• Participation in community sustainability programs, contributing over $100,000 in local environmental initiatives in 2023.

Core Value: Collaboration

Collaboration fosters teamwork and partnerships within the organization and with external stakeholders, essential for achieving shared goals.

Examples of collaboration at Ennis, Inc. include:

• Creation of cross-functional teams that facilitated 20% more effective project completions in 2023.
• Partnerships with local businesses for community engagement projects, with over 50 collaborative initiatives completed in the past year.
• Participation in industry forums and trade shows that led to increased networking opportunities, with attendance figures hitting over 1,500 in 2023.