Ennis, Inc. (EBF) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, February 28, 2018

Exhibit 99.1

FOR IMMEDIATE RELEASE

ENNIS, INC. REPORTS RESULTS

FOR THE QUARTER AND YEAR ENDED FEBRUARY 28, 2018 AND SETS RECORD DATE

FOR ANNUAL SHAREHOLDER MEETING

Midlothian, TX. April 24, 2018 — Ennis, Inc. (the “Company”), (NYSE: EBF), today reported financial results for the quarter and fiscal year ended February 28, 2018. Highlights include:

Financial Overview

The financial overview includes only the Company’s continuing print operations. The Company sold Alstyle Apparel on May 25, 2016, resulting in the apparel division being classified as discontinued operations and the print division remaining as the continuing operations of the Company.

Continuing Operations

The Company’s revenues for the fourth quarter ended February 28, 2018 were $87.1 million compared to $86.6 million for the same quarter last year, an increase of 0.6%. Gross profit margin (“margin”) was $26.3 million for the quarter, or 30.2%, as compared to $24.9 million, or 28.8% for the fourth quarter last year. Net earnings from continuing operations for the quarter were $8.2 million, or $0.32 per diluted share compared to $7.2 million, or $0.28 per diluted share for the fourth quarter last year. The enactment of the Tax Cuts and Jobs Act of 2017 (the “Tax Act”) on December 22, 2017 reduced the Company’s deferred tax expense and positively impacted our operating results by $3.6 million. In addition, due to the benefits of the Tax Act and the Company’s strong performance, the Company approved special and performance based bonuses, which negatively impacted the Company’s operating results by $1.4 million compared to the same quarter last year.

The Company’s revenues for the fiscal year ended February 28, 2018 were $370.2 million compared to $356.9 million for the same period last year, an increase of 3.7%. Margin was $116.9 million, or 31.6%, as compared to $104.0 million, or 29.1% for the fiscal years ended February 28, 2018 and February 28, 2017, respectively. Earnings from continuing operations for the fiscal year ended February 28, 2018 were $32.8 million, or $1.29 per diluted share compared to $26.4 million, or $1.03 per diluted share for the fiscal year ended February 28, 2017. For fiscal year 2017, the Company’s net earnings from continuing operations were negatively impacted by relocation and start-up costs of a folder operating company and higher than historical medical expenses of approximately $3.5 million, or $0.13 per diluted share. As noted above, the Company’s fiscal year 2018 earnings from continuing operations were positively impacted by the Tax Act by $3.6 million. This benefit was reduced by approximately $0.7 million due to a special bonus the Company elected to pay to its non-management level employees as a result of the tax savings it received from the Tax Act and $0.7 million due to the additional performance bonus.

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