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FOR IMMEDIATE RELEASE Exhibit 99.1 ENNIS ENNIS , INC . REPORTS RESULTS FOR THE QUARTER ENDED AUGUST 31 , 2021 AND DECLARES QUARTERLY DIVIDEND Midlothian , TX . September 21 , 2021 -- Ennis , Inc. ( the “ Company ” ) , ( NYSE : EBF ) , today reported financial results for the second quarter ended August 31 , 2021. Highlights include : ☐ Revenues were $ 100.5 million for the quarter compared to $ 86.6 million for the same quarter last year , an increase of $ 13.9 million or 16.0 % . ☐ Earnings per diluted share for the current quarter were $ 0.29 compared to $ 0.25 for the comparative quarter last year , an increase of 16 % . ☐ Our gross profit margin for the quarter was 28.8 % compared to 29.0 % for the comparative quarter last Financial Overview year . The Company's revenues for the second quarter ended August 31 , 2021 were $ 100.5 million compared to $ 86.6 million for the same quarter last year , an increase of $ 13.9 million , or 16.0 % . Gross profit margin was $ 28.9 million , or 28.8 % , as compared to $ 25.2 million , or 29.0 % , for the same quarter last year . Net earnings for the quarter were $ 7.5 million , or $ 0.29 per diluted share , as compared to $ 6.4 million , or $ 0.25 per diluted share , for the same quarter last year . The Company's revenues for the six - month period ended August 31 , 2021 were $ 197.4 million compared to $ 175.6 million for the same period last year , an increase of $ 21.8 million or 12.4 % . Gross profit margin was $ 58.1 million , or 29.4 % , as compared to $ 49.1 million , or 27.9 % for the six - month periods ended August 31 , 2021 and August 31 , 2020 , respectively . Net earnings for the six - month period ended August 31 , 2021 were $ 14.8 million , or $ 0.57 per diluted share compared to $ 10.6 million or $ 0.41 per diluted share for the same period last year , an increase of $ 4.2 million or $ 0.16 per diluted share . Keith Walters , Chairman , Chief Executive Officer and President , commented by stating , “ Overall we are pleased with our performance for the quarter . As the recovery from the COVID - 19 pandemic continues , some of our customers are seeing sales return to normalized levels . While our gross profit margin percentage for the quarter slightly decreased from 29.0 % to 28.8 % due primarily to higher inflationary factors , our EBITDA margin was consistent in the low to mid 15 % range . Our recent acquisitions added approximately $ 6.7 million in revenues and $ 0.02 in diluted earnings per share for the quarter and $ 11.9 million in revenues and $ 0.04 in diluted earnings per share for the six - month period . Paper production declined last year due to the pandemic and , as the economy improved , increased demand initially was satisfied with existing inventory at the paper mills . While paper mills now are operating at a very high capacity , they are basically producing to fill orders rather than stock inventory , which is contributing to the tight market in some grades of paper . Paper prices have also increased due to global logistics issues that have delayed and reduced imports that have typically filled gaps in domestic supply . While the availability of paper in the North American market is very low , our strong vendor relationship with our paper supplier allows us to meet customer demand for their business product needs . We also have been adjusting our pricing to cover paper inflation during the year , but the impact of inflation with most of our other vendors as well as the labor market has had a slight impact on gross profit margin . To account for those other inflationary factors , we anticipate additional pricing adjustments to maintain our gross profit margins at their historical levels . " We are in the process of consolidating a few of our underperforming manufacturing facilities into existing locations with excess capacity to reduce future costs and improve our operational efficiency . We anticipate incurring additional costs