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FOR IMMEDIATE RELEASE Exhibit 99.1 ENNIS ENNIS , INC . REPORTS RESULTS FOR THE QUARTER ENDED NOVEMBER 30 , 2021 AND DECLARES QUARTERLY DIVIDEND Midlothian , TX . December 20 , 2021 -- Ennis , Inc. ( the “ Company ” ) , ( NYSE : EBF ) , today reported financial results for the third quarter ended November 30 , 2021. Highlights include : ☐ Revenues were $ 103.0 million for the quarter compared to $ 92.4 million for the same quarter last year , an increase of $ 10.6 million or 11.5 % . ☐ Earnings per diluted share for the current quarter were $ 0.29 compared to $ 0.32 for the comparative quarter last year , a decrease of 9.4 % . ☐ Our gross profit margin for the quarter was 28.4 % compared to 30.4 % for the comparative quarter last Financial Overview year . The Company's revenues for the third quarter ended November 30 , 2021 were $ 103.0 million compared to $ 92.4 million for the same quarter last year , an increase of $ 10.6 million , or 11.5 % . Gross profit margin was $ 29.2 million , or 28.4 % , as compared to $ 28.1 million , or 30.4 % , for the same quarter last year . Net earnings for the quarter were $ 7.6 million , or $ 0.29 per diluted share , as compared to $ 8.4 million , or $ 0.32 per diluted share , for the same quarter last year . The Company's revenues for the nine - month period ended November 30 , 2021 were $ 300.3 million compared to $ 268.1 million for the same period last year , an increase of $ 32.2 million or 12.0 % . Gross profit margin was $ 87.3 million , or 29.1 % , as compared to $ 77.2 million , or 28.8 % for the nine - month periods ended November 30 , 2021 and November 30 , 2020 , respectively . Net earnings for the nine- month period ended November 30 , 2021 were $ 22.3 million , or $ 0.85 per diluted share compared to $ 19.0 million or $ 0.73 per diluted share for the same period last year , an increase of $ 3.3 million or $ 0.12 per diluted share . Keith Walters , Chairman , Chief Executive Officer and President , commented by stating , " Our results for the quarter were within our expectations . Our recent acquisitions added approximately $ 7.8 million in revenues and $ 0.03 in diluted earnings per share for the quarter and $ 19.7 million in revenues and $ 0.07 in diluted earnings per share for the nine - month period , and our EBITDA margin was consistent in the low to mid 15 % range . Our gross profit margin percentage , 28.4 % for the current quarter and 30.4 % for the prior year quarter , continues to be impacted by inflationary factors as well as the consolidation of a few of our underperforming manufacturing facilities . While our labor force has declined since last year by 4.6 % , our cost of labor has increased 11.6 % . The supply of Printing and Writing ( “ P & W ” ) papers have been severely curtailed by a number of factors . Those factors include disruption in production at one large paper plant due to fatal accidents , delays in converting plants to P & W papers from other papers , closing of facilities and moving to containerboard production and the continued logistics problems of importing foreign paper . All of these factors have severely constricted the availability of P & W papers driving prices higher . Uncoated papers are up 20 % from November of last year , and likely to move up and last longer at those levels through next year . Coated papers are up 25 % from November of last year with further price increases likely . While paper mills are now operating at a very high capacity , they are basically producing to fill orders rather than stock inventory and are struggling to achieve that goal of restocking . While the availability of paper in the North American market is tighter than it has been in a long time , 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 increasing backlog of unproduced orders creates timing issues which continues to