Ennis, Inc. Reports Improvement in Overall Quarterly Financial Results

Overall, our margins increased 150 bps, from 24.6% for fiscal year 2009 to 26.1% for fiscal year 2010. Our Print margins increased from 26.1% to 27.6%, while our Apparel margins increased from 22.6% to 24.4%, for the year ended February 28, 2009 and February 28, 2010, respectively.

Our earnings (loss) for the period increased from ($32.8) million for the year ended February 28, 2009 to $35.2 million for the year ended February 28, 2010, primarily due to a goodwill and trademarks asset impairment charge of $67.9 million during fiscal year 2009 and improved operating margins realized during fiscal 2010. Our diluted earnings (loss) per share increased from ($1.27) per share to $1.36 per share for the year ended February 28, 2009 and February 28, 2010, respectively.