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FOR IMMEDIATE RELEASE ENNIS Exhibit 99.1 ENNIS , INC . REPORTS RESULTS FOR THE QUARTER ENDED MAY 31 , 2021 Midlothian , TX . June 22 , 2021 -- Ennis , Inc. ( the “ Company ” ) , ( NYSE : EBF ) , today reported financial results for the first quarter ended May 31 , 2021. Highlights include : • • Revenues were $ 96.9 million for the quarter compared to $ 89.0 million for the same quarter last year , an increase of $ 7.9 million or 8.9 % . Earnings per diluted share for the current quarter were $ 0.28 compared to $ 0.16 for the comparative quarter last year , an increase of 75 % . Our gross profit margin for the quarter was 30.1 % compared to 26.9 % for the comparative quarter last year , an increase of 12 % . Financial Overview The Company's revenues for the first quarter ended May 31 , 2021 were $ 96.9 million compared to $ 89.0 million for the same quarter last year , an increase of $ 7.9 million , or 8.9 % . Excluding the sales from our Infoseal acquisition , organic sales increased $ 2.7 million , or 3.0 % . Gross profit margin was $ 29.2 million , or 30.1 % , as compared to $ 23.9 million , or 26.9 % , for the same quarter last year . Net earnings for the quarter were $ 7.3 million , or $ 0.28 per diluted share , as compared to $ 4.2 million , or $ 0.16 per diluted share , for the same quarter last year . Keith Walters , Chairman , Chief Executive Officer and President , commented by stating , “ Our results for the quarter were within our expectations and our management team continued to successfully navigate the challenges presented by the COVID - 19 pandemic . Our gross profit margin improved over the sequential quarter increasing from 29.6 % to 30.1 % . Our EBITDA increased over the sequential quarter , $ 12.4 million to $ 15.1 million , representing 13.8 % and 15.5 % of sales , respectively . While our revenues continue to be impacted by the COVID - 19 pandemic , some of our customers are seeing sales return to normalized levels . We continue to monitor incoming order volumes so that we can proactively adjust our costs accordingly . Our recent acquisition of InfoSeal increased our sales by $ 5.2 million and added $ 0.02 to our diluted earnings per share . We are seeing a tight labor market and some inflationary pressures through increased pricing from our suppliers , but it is our intention to attempt to adjust customer pricing over time to maintain our gross profit margin . Our strong vendor relationship with our paper supplier allows us to meet customer demand for their business product needs even though paper production in the Print & Writing segment has declined domestically in recent months . We continued to invest in our business during the quarter , including our most recent acquisition of the assets and business of Ameriprint Corporation , a trade printer specializing in custom - printed documents , barcoding , integrated products , and business forms . Ameriprint , strategically located in the Chicago area , brings 30 years of print industry experience and added capabilities and expertise to our expanding product offering , including barcoding and variable imaging acquired May 31 , 2021 . Our financial strength , including a current ratio ( current assets divided by current liabilities ) of 4.0 , cash balance of $ 81.3 million , and available line of credit of $ 99.4 million allows us to be well - positioned for the future to be able to withstand unforeseen adversities as well as take advantage of acquisition opportunities . Our strong balance sheet and solid cash flow make it possible for us to continue our long history of returning value to shareholders through our quarterly dividends , which we recently increased to twenty - five cents ( $ 0.25 ) per share for our quarterly dividend payable August 9 , 2021 , up from twenty - two and one half cents ( $ 0.225 ) per share in recent quarters , or an increase of 11.1 % . ”