FORM 10-Q

               SECURITIES AND EXCHANGE COMMISSION
                     WASHINGTON, D. C. 20549

           QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
             OF THE SECURITIES EXCHANGE ACT OF 1934


[X]QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
   SECURITIES EXCHANGE ACT OF 1934

        For the quarterly period ended November 30, 2004
-----------------------------------------------------------------

[ ]TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
   SECURITIES EXCHANGE ACT OF 1934

     For the transition period from            to
                                    -----------   -----------

Commission File Number             1-5807
                      -------------------------------------------

                                ENNIS, INC.
-----------------------------------------------------------------
         (Exact name of registrant as specified in its charter)


       TEXAS                                      75-0256410
-----------------------------------------------------------------
 (State or other Jurisdiction of              (I. R. S. Employer
 Incorporation or organization)
Identification No.)

   2441 Presidential Pkwy,  Midlothian, TX          76065
-----------------------------------------------------------------
 (Address of principal executive offices)         (Zip Code)


                          (972) 775-9801
-----------------------------------------------------------------
       (Registrant's telephone number, including area code)


-----------------------------------------------------------------
      (Former name, former address and former fiscal year,
                 if changed since last report.)


Indicate  by check mark whether the registrant (1) has filed  all
reports  required  to be filed by Section  13  or  15(d)  of  the
Securities  Exchange Act of 1934 during the preceding  12  months
(or  for such shorter period that the registrant was required  to
file  such  reports),  and (2) has been subject  to  such  filing
requirements for the past 90 days.
                                                Yes  X    No
                                                    ---      ---
Indicate  by  check mark whether the registrant is an accelerated
filer (as defined in Rule 12b-2 of the Exchange Act).
                                                Yes  X    No
                                                    ---      ---

The  number of shares of the registrant's Common Stock, par value
$2.50, outstanding at January 7, 2005 was 25,412,999.

<PAGE>

                           ENNIS, INC.

                              INDEX


      Part I.   Financial information - unaudited

         Item 1 - Financial Statements
            Condensed Consolidated Balance Sheets --
              November 30, 2004 and February 29, 2004   2 - 3

            Condensed Consolidated Statements of
            Earnings --
              Three and Nine Months Ended
              November 30, 2004 and 2003                  4

            Condensed Consolidated Statements of Cash
            Flows --
              Three and Nine Months Ended
              November 30, 2004 and 2003                  5

            Notes to Condensed Consolidated Financial
            Statements                                  6 - 12

         Item 2 - Management's Discussion and
         Analysis of Financial Condition
         and Results of Operations                     13 - 20

         Item 3 - Quantitative and Qualitative
         Disclosures About Market Risk                    20

         Item 4 - Controls and Procedures                 21

      Part II. Other Information

         Item 6 - Exhibits                                21

      Signatures                                          22


<PAGE>

        PART I.  FINANCIAL INFORMATION

Item 1.  FINANCIAL STATEMENTS

                           ENNIS, INC.
              CONDENSED CONSOLIDATED BALANCE SHEETS
                     (Dollars in Thousands)


                                      November 30,  February 29,
                                          2004          2004
                                          ----          ----
                                       (unaudited)
                      Assets
                      ------
Current assets:
    Cash and cash equivalents           $  12,023      $  15,067
    Accounts receivable, net               49,487         29,800
    Prepaid expenses                        6,055          2,022
    Inventories, net                       79,831         13,721
    Other current assets                    2,826          2,995
                                          -------        -------
               Total current assets       150,222         63,605
                                          -------        -------

Property, plant and equipment, net         71,942         46,480

Goodwill, net                             230,795         34,420

Other assets                               28,963          9,538
                                          -------        -------

                                         $481,922       $154,043
                                          =======        =======










                                                      (Continued)


                                2
<PAGE>
                           ENNIS, INC.
        CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)
                     (Dollars in Thousands)


                                     November 30,  February 29,
                                         2004          2004
                                         ----          ----
                                     (unaudited)

Liabilities and Shareholders' Equity
------------------------------------

Current liabilities:
   Accounts payable                  $  36,843     $  5,804
   Accrued expenses:
       Employee compensation and
         benefits                       16,725       10,237
       Taxes other than income           2,502        1,427
       Other                            17,461        1,597
   Current installments of long-
     term debt                          19,073        6,335
                                       -------      -------
             Total current
               liabilities              92,604       25,400
                                       -------      -------

Long-term debt, less current
  installments                         110,710        7,800

Deferred credits, principally income
  taxes                                  9,906       10,261

Shareholders' equity:
   Series A junior participating
     preferred stock of $10 par value,
     Authorized 1,000,000 shares;
        None issued                         --           --
   Common stock of $2.50 par value
      Authorized 40,000,000 shares;
         Issued 30,053,443 shares
         at November 30, 2004
         and 21,249,860 shares
         at February 29, 2004           75,134       53,125
   Additional paid in capital          123,640          126
   Retained earnings                   153,750      145,653
   Accumulated other comprehensive
     loss                                  (11)        (114)
                                       -------      -------
                                       352,513      198,790

   Treasury stock:
      Cost of 4,640,744 shares
      at November 30, 2004
      and 4,856,626 shares at
      February 29, 2004                (83,811)     (88,208)
                                       -------      -------

             Total shareholders'
               equity                  268,702      110,582
                                       -------      -------

                                      $481,922     $154,043
                                       =======      =======

See accompanying notes to condensed consolidated financial
statements.



                                3
<PAGE>
                           ENNIS, INC.

          CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
    (Dollars in Thousands Except Share and Per Share Amounts)
                           (Unaudited)

<TABLE>
<CAPTION>                 Three Months Ended      Nine Months Ended
                             November 30,            November 30,
                           2004        2003        2004        2003
                           ----        ----        ----        ----

 <S>                    <C>         <C>         <C>         <C>
 Net sales              $91,750     $66,398     $230,860    $196,275

 Costs and expenses:
    Cost of sales        68,876      48,824      171,574     144,644
    Selling, general
    and administrative   12,907       9,949       33,106      29,470
                         ------      ------      -------     -------

                         81,783      58,773      204,680     174,114
                         ------      ------      -------     -------

 Earnings from
  operations              9,967       7,625       26,180      22,161
                         ------      ------      -------     -------

 Other income
 (expense):
    Investment income        82           6          224          33
    Interest expense       (288)       (183)        (589)       (662)
    Other income
     (expense), net         108        (115)         106        (326)
                         ------      ------      -------     -------

                            (98)       (292)        (259)       (955)
                         ------      ------      -------     -------

 Earnings before
  income taxes            9,869       7,333       25,921      21,206

 Provision for income
  taxes                   3,765       2,858        9,865       8,130
                         ------      ------      -------     -------

 Net earnings
                       $  6,104    $  4,475     $ 16,056   $  13,076
                         ------      ------      -------     -------

 Weighted average
  number of common
  shares outstanding
  - basic            16,959,463  16,363,391   16,599,542  16,347,768
    Plus incremental
    shares from
    assumed exercise
    of stock options    367,117     258,853      324,578     230,159
                      ---------  ----------   ----------  ----------
 Weighted average
  number of common
  shares outstanding
  - diluted          17,326,580  16,622,244   16,924,120  16,577,927
                     ==========  ==========   ==========  ==========

 Per share amounts:
    Net earnings -
     basic                 $.36        $.27         $.97        $.80
                           ====        ====         ====        ====
    Net earnings -
     diluted               $.35        $.27         $.95        $.79
                           ====        ====         ====        ====
    Cash dividends per
     share                $.155       $.155        $.465       $.465
                          =====       =====        =====       =====
</TABLE>

See accompanying notes to condensed consolidated financial
statements.


                                4

<PAGE>
                           ENNIS, INC.

         CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                     (Dollars in Thousands)
                           (Unaudited)

                                             Nine Months Ended
                                               November 30,
                                              2004       2003
                                              ----       ----
  Cash flows from operating activities:
     Net earnings                           $16,056    $13,076
     Adjustments to reconcile net earnings
        to net cash provided by operating
         activities:
          Depreciation                        6,655      6,975
          Amortization of trademark             111         99
          Gain on the sale of equipment        (239)        --
          Bad debt expense                      657        668
          Changes in operating assets and
           liabilities (net of the effects
           of acquisitions):
             Factored receivables, net         (212)        --
             Accounts receivable, net        (4,809)     1,376
             Prepaid expenses                  (309)       (12)
             Inventories                     (3,951)      (432)
             Other current assets               106        628
             Accounts payable and accrued
              expenses                        4,424      4,335
             Other assets                     1,383     (1,004)
                                            -------    -------

             Net cash provided by
              operating activities           19,872     25,709
                                            -------    -------

  Cash flows from investing activities:
     Capital expenditures                    (4,581)    (3,040)
     Purchase of businesses, net of cash
      acquired of $4,175                   (114,620)        --
     Proceeds from disposal of property         400        110
     Other                                       --        (28)
                                            -------    -------

             Net cash used in investing
              activities                   (118,801)    (2,958)
                                            -------    -------

  Cash flows from financing activities:
     Proceeds from debt issued to finance
      acquisitions                          109,500         --
     Repayment of debt related to
      acquisitions                           (6,353)    (5,538)
     Dividends                               (7,634)    (7,605)
     Issuance of treasury stock, net
      215,882 shares and 30,650 shares          372        343
                                            -------    -------

             Net cash provided by (used
              in) financing activities       95,885    (12,800)
                                            -------    -------

  Net change in cash and cash equivalents    (3,044)     9,951
  Cash and cash equivalents at beginning
   of period                                 15,067     13,860
                                            -------    -------

  Cash and cash equivalents at end of
  period                                    $12,023    $23,811
                                             ======     ======

See accompanying notes to condensed consolidated financial
statements.
                                5
<PAGE>
                           ENNIS, INC.
      NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


1. Basis of Presentation
   ---------------------
   These  unaudited  condensed consolidated financial  statements
   of   Ennis,  Inc.  and  its  subsidiaries  (collectively   the
   "Company"  or  "Ennis"), for the quarter  ended  November  30,
   2004  have been prepared in accordance with generally accepted
   accounting   principles  for  interim   financial   reporting.
   Accordingly,  they do not include all of the  information  and
   footnotes    required   by   generally   accepted   accounting
   principles  for complete financial statements  and  should  be
   read  in  conjunction with the audited consolidated  financial
   statements  and  notes thereto included in the Company's  Form
   10-K  for  the  year ended February 29, 2004, from  which  the
   accompanying condensed consolidated balance sheet at  February
   29,  2004  was derived.  All significant intercompany balances
   and  transactions  have been eliminated in consolidation.   In
   the   opinion   of  management,  all  adjustments   considered
   necessary  for  a  fair presentation of the interim  financial
   information  have been included.  In preparing  the  financial
   statements,  the  Company is required to  make  estimates  and
   assumptions  that  affect the disclosure and reported  amounts
   of  assets  and  liabilities  at the  date  of  the  financial
   statements  and the reported amounts of revenues and  expenses
   during  the  reporting  period.  The Company  evaluates  these
   estimates  and judgments on an ongoing basis, including  those
   related  to  bad debts, inventory valuations, property,  plant
   and  equipment,  intangible  assets  and  income  taxes.   The
   Company   bases   estimates   and  judgments   on   historical
   experience  and on various other factors that are believed  to
   be   reasonable  under  the  circumstances.   The  results  of
   operations   for  any  interim  period  are  not   necessarily
   indicative of the results of operations for a full year.

2. Stock Option Plans and Stock Based Compensation
   -----------------------------------------------
   The  Company  has stock options granted to key executives  and
   managerial employees and non-employee directors.  At  November
   30,  2004,  the Company has two incentive stock option  plans:
   the   1998  Option  and  Restricted  Stock  Plan  amended  and
   restated  as  of  June 17, 2004 and the 1991  Incentive  Stock
   Option  Plan.  The  Company has reserved 1,253,123  shares  of
   unissued  common  stock  under  the  stock  option  plans  for
   issuance  to officers and directors, and supervisory employees
   of  the  Company and its subsidiaries.  The exercise price  of
   each  option  granted equals the quoted market  price  of  the
   Company's  common stock on the date of grant, and an  option's
   maximum  term  is  ten  years.   Options  may  be  granted  at
   different  times  during the year and vest  over  a  five-year
   period.

   The  Company  accounts  for employee and director  stock-based
   compensation  arrangements in accordance with  the  provisions
   of  Accounting  Principles Board Opinion No.  25,  "Accounting
   for  Stock  Issued to Employees" ("APB No. 25"),  and  related
   interpretations,  and complies with the disclosure  provisions
   of  Statement  of Financial Accounting Standards ("SFAS")  No.
   123,  "Accounting for Stock-Based Compensation" and  SFAS  No.
   148,    "Accounting    for   Stock-Based   Compensation    and
   Disclosure."

   The  following table represents the effect on net earnings and
   earnings  per  share as if the Company had  applied  the  fair
   value  based  method and recognition provisions  of  SFAS  No.
   123,  "Accounting  for  Stock-Based Compensation,"  to  stock-
   based  employee compensation (in thousands, except  per  share
   amounts):

                                6
<PAGE>

2. Stock Option Plans and Stock Based Compensation (Continued)
   -----------------------------------------------------------

                                 Three Months      Nine Months
                                Ended November    Ended November
                                     30,               30,
      (in thousands)            2004      2003    2004     2003
                                ----      ----    ----     ----

      Net earnings:
       As reported               $6,104   $4,475 $16,056  $13,076
       Deduct:  Stock-based
       Employee compensation
       expense not included
       in reported income,
       net of related tax            11        7      32       34
       effects
                                  -----    -----  ------   ------
       Pro forma                 $6,093   $4,468 $16,024  $13,042
                                  =====    =====  ======   ======

      Net earnings per
       share:
       As reported - basic         $.36     $.27    $.97     $.80
       Pro forma - basic            .36      .27     .97      .80

       As reported - diluted        .35      .27     .95      .79
       Pro forma - diluted          .35      .27     .95      .79


   As  required, the pro forma disclosures above include  options
   granted  since  March 1, 1996.  Consequently, the  effects  of
   applying SFAS 123 for providing pro forma disclosures may  not
   be  representative of the effects on reported net  income  for
   future  years  until all options outstanding are  included  in
   the   pro  forma  disclosures.   For  purposes  of  pro  forma
   disclosures,   the   estimated  fair  value   of   stock-based
   compensation plans and other options is amortized  to  expense
   over the vesting period.

   In  December  2002, the Financial Accounting  Standards  Board
   ("FASB")  issued  SFAS  No. 148, "Accounting  for  Stock-Based
   Compensation  and  Disclosure."   SFAS  No.  148  amends   the
   transition and disclosure provisions of SFAS No. 123.  If  the
   Company   had   adopted  the  prospective  transition   method
   prescribed  by  SFAS  148  in  the  first  quarter  of   2004,
   compensation  expense of $17,000 and $51,000 would  have  been
   recorded  for  the  three and nine months ended  November  30,
   2004,  respectively.  After related income tax  effects,  this
   would  have  reduced net earnings by $11,000 and  $32,000  for
   the   three   and  nine  months  ended  November   30,   2004,
   respectively.   There would have been no  effect  to  earnings
   per share.

   As  of November 30, 2004, the Company has issued 700,325 stock
   options  grantedunderunder its incentive stock  option  plans.
   For  the three and nine months ended November 30, 2004,  there
   were  no anti-dilutive stock options.  For the three and  nine
   month  periods ended November 30, 2003, there were 10,000  and
   42,250 stock options not included in the diluted earnings  per
   share  computation because their exercise price  exceeded  the
   average  fair  market  value of the Company's  stock  for  the
   period.




                                7
   <PAGE>

         On  December  16,  2004, the FASB issued  SFAS  No.  123
   (revised  2004), "Share-Based   Payment" ("SFAS No.  123(R)").
   SFAS  No.  123(R)  will  require  companies  to  measure   all
   employee  stock-based compensation awards using a  fair  value
   method  and record such expense in its consolidated  financial
   statements.   In  addition, the adoption of  SFAS  No.  123(R)
   requires additional accounting and disclosure related  to  the
   income  tax  and cash flow effects resulting from  share-based
   payment  arrangements. SFAS No. 123(R) is effective  beginning
   as  of  the first interim or annual reporting period beginning
   after  June  15,  2005.  The Company  is  in  the  process  of
   determining the impact of the requirements of SFAS No.  123(R)
   which  could  have  a  material  impact  on  its  consolidated
   financial statements.

3. Employee Benefit Plans
   ----------------------
   The following table provides the components of net periodic
   benefit cost for the three and nine months ended November 30,
   2004 and 2003 (in thousands):


                              Three Months       Nine Months
                             Ended November     Ended November
                                  30,                30,
                             2004      2003     2004     2003
                             ----      ----     ----     ----
       Components of net
       periodic benefit
       cost
          Service cost       $367      $334    $1,101   $1,002
          Interest cost       604      589      1,812    1,767
          Expected return
       on assets             (666)    (548)    (1,998)  (1,644)
          Amortization of:
          Prior service
       cost                  (36)      (36)     (108)    (108)
          Unrecognized net
       loss                   267      262       801      786
                             -----    -----     -----    -----

       Net periodic
       benefit cost          $536      $601    $1,608   $1,803
                             =====    =====    ======   ======

   For  the  current fiscal year ending February 28, 2005,  there
   is  not  a  minimum contribution requirement  and  no  pension
   payments  have  been  made; however, the  Company  expects  to
   contribute $2,500,000.

4. Inventories
   -----------
   The  Company  uses the Last-In, First-Out ("LIFO")  method  of
   pricing  the  raw  material content of most  of  its  business
   forms   inventories,  and  the  First-In,  First-Out  ("FIFO")
   method  is  used to value the remainder.  The following  table
   summarizes  the  components of inventories  at  the  different
   stages of production (in thousands of dollars):


                                  November   February
                                     30,        29,
                                    2004       2004
                                    ----       ----

             Raw material        $ 36,887    $ 6,911
             Work-in-process       11,140      1,393
             Finished goods        31,804      5,417
                                   ------      -----

                                  $79,831    $13,721
                                   ======     ======

                                8
<PAGE>

5. Accumulated other comprehensive income
   --------------------------------------
   Accumulated  other  comprehensive  income  consists   of   the
   unrealized  portion  of  changes in  the  fair  value  of  the
   Company's   cash   flow   hedge.  Comprehensive   income   was
   approximately  $16,158,000 for the nine months ended  November
   30,  2004  and $13,202,000 for the nine months ended  November
   30,  2003.   Amounts charged directly to Shareholders'  Equity
   related  to  the Company's interest rate swap are included  in
   "other comprehensive income."

6. Acquisitions
   ------------
   Ennis   completed  its  merger  with  Alstyle  Apparel,   Inc.
   ("Alstyle") November 19, 2004.  Alstyle shareholders  received
   8,803,583  shares  valued  at approximately  $145,523,000  and
   $2,889,000  cash.   Debt  of  approximately  $97,891,000   was
   assumed. Alstyle produces and sells activewear apparel with  6
   facilities   in  California  and  Mexico  and  7  distribution
   centers  located throughout the U.S. and Canada.  Alstyle  was
   acquired  to  supplement and broaden  the  scope  of  products
   offered  by  Ennis.  The purchase price has been allocated  to
   assets  acquired and liabilities assumed based on fair  market
   value   at   the  date  of  acquisition.   The   Company   has
   temporarily recorded the excess purchase price as goodwill  as
   ongoing  efforts are completed to determine the allocation  to
   the  identifiable intangible assets, if any.  Alstyle operates
   as  a  separate  segment.  The purchase price  of  Alstyle  is
   calculated as follows (in thousands of dollars):


                 Ennis common  stock
                   issued 8,803,583 shares      $145,523
                 Cash                              2,889
                 Alstyle debt assumed             97,891
                                                 -------

                 Purchase price of  Alstyle     $246,303
                                                 =======

   On  November 1, 2004, the Company acquired 100% of  the  stock
   of  Royal  Business Forms, Inc., ("Royal")  a  privately  held
   company  headquartered in Arlington, Texas for  $3,700,000  in
   Ennis  treasury  stock (approximately 178,000 shares).   Royal
   has  been in existence and operating in Arlington, Texas since
   1959  and  has  customers throughout the United  States.   The
   acquisition  of Royal continues the Ennis strategy  of  growth
   through  related  manufactured products  for  Ennis'  existing
   customer  base.  The acquisition will add additional short-run
   print  products  and  solutions and financial  documents  sold
   through  the  indirect  sales  (distributorship)  marketplace.
   The  Company  has  temporarily recorded  the  excess  purchase
   price  as  goodwill  as  ongoing  efforts  are  completed   to
   determine   the  allocation  to  the  identifiable  intangible
   assets, if any.

   Effective   June   30,   2004,  the  Company   completed   its
   acquisition of all of the outstanding stock of Crabar/GBF  for
   approximately $18,000,000 with consideration in  the  form  of
   debt assumed and cash million in cash less debt assumed.   The
   primary  reason  for  the acquisition was to  increase  Ennis'
   market share.  However, Crabar/GBF will add high-quality  long
   and   medium   run  print  production,  along  with   pressure
   sensitive label and form-label combinations to Ennis'  current
   line  of  medium  and short run print products and  solutions.
   The  transaction  was  financed with $11,000,000  in  in  bank
   loansd  with  the  balance  being provided  by  internal  cash
   resources.   The Company has temporarily recorded  the  excess
   purchase  price as goodwill as ongoing efforts  are  completed
   to  determine  the  allocation to the identifiable  intangible
   assets, if any.
                                9
   <PAGE>

   The  results  of operations for Alstyle, Royal and  Crabar/GBF
   are   included   in   the  Company's  condensed   consolidated
   financial  statements  from  the dates  of  acquisition.   The
   following table represents certain operating information on  a
   pro  forma  basis  as  though all  three  companies  had  been
   acquired  as of March 1, 2003, after the estimated  impact  of
   adjustments   such  as  amortization  of  intangible   assets,
   interest expense, interest income and related tax effects  (in
   thousands except per share amounts):


          For the Three Months Ended
          November 30,                        2003       2004
                                              ----       ----

          Pro forma net sales              $136,038   $138,325
          Pro forma net earnings              5,191      7,265
          Pro forma earnings per share -
          diluted                               .21        .28

          For the Nine Months Ended
          November 30,                        2003        2004
                                              ----        ----

          Pro forma net sales              $412,027    $433,207
          Pro forma net earnings             19,295      24,776
          Pro forma earnings per share -
          diluted                               .77         .97

   The  pro forma results are not necessarily indicative of  what
   would  have  occurred if the acquisitions had been  in  effect
   for the period presented.


7. Segment Data
   -------------
   The  Company operates in four business segments.  The  segment
   Forms  Solutions  Group  is  primarily  in  the  business   of
   manufacturing  and  selling business forms and  other  printed
   business  products primarily to distributors  located  in  the
   United  States.   The segment Promotional Solutions  Group  is
   primarily  engaged  in  the business of design,  manufacturing
   and    distribution   of   printed   and   electronic   media,
   presentation   products,  flexoraphic  printing,   advertising
   specialties  and  Post-it (registered trademark)  Notes.   The
   segment  Financial Solutions Group designs,  manufactures  and
   markets printed forms and specializes in internal bank  forms,
   secure  and  negotiable documents and  custom  products.   The
   segment  Alstyle Apparel Group, which consists  of  the  newly
   acquired  Alstyle, is primarily engaged in the production  and
   sales  of  activewear including t-shirts,  fleece  goods,  and
   other   wearables.   Corporate  information  is  included   to
   reconcile   segment   data   to  the  consolidated   financial
   statements  and  includes assets and expenses related  to  the
   Company's  corporate  headquarters  and  other  administrative
   costs.   Segment  data  for the three and  nine  months  ended
   November 30, 2004 and 2003 were as follows (in thousands):








                               10
<PAGE>

<TABLE>
<CAPTION>   Forms    Promotional Financial   Alstyle
          Solutions   Solutions  Solutions   Apparel            Consolidated
            Group       Group      Group      Group  Corporate     Totals
            -----       -----      -----      -----  ---------     ------
<S>       <C>        <C>         <C>         <C>     <C>        <C>
Three months ended
November 30, 2004:
 Net
  sales   $50,361    $24,161     $12,892      $4,336    $  --     $91,750
 Depre-
  ciation     854        618         450         236      139       2,297
 Amorti-
  zation
  of
  trade-
  mark         33         --          --          --       --          33
 Segment
  earnings
  (loss)
  before
  income
  tax       5,986      3,515       2,654         258   (2,544)      9,869
 Segment
  assets  100,002     42,662      33,408     297,694    8,156     481,922
 Capital
  expendi-
  tures       256        129         228          --      387       1,000

Three months ended
November 30, 2003:
 Net
  sales   $35,440    $17,339     $13,619       $  --   $   --     $66,398
 Depre-
  ciation     799        587         739          --      141       2,266
 Amorti-
  zation
  of
  trade-
  mark         33         --          --          --       --          33
 Segment
  earnings
  (loss)
  before
  income
  tax       5,057      2,190       2,099          --   (2,013)      7,333
 Segment
  assets   78,364     35,923      36,887          --    4,863     156,037
 Capital
  expendi-
  tures       223         36         176          --      203         638

Nine months ended
November 30, 2004:
 Net
  sales  $128,150    $62,805    $35,569       $4,336   $   --    $230,860
 Depre-
  ciation   2,463      1,858      1,718          236      380       6,655
 Amorti-
  zation
  of
  trade-
  mark        111         --         --           --       --         111
 Segment
  earnings
  (loss)
  before
  income
  tax      17,899       8,401     5,648          258   (6,285)     25,921
 Segment
  assets  100,002      42,662    33,408      297,694    8,156     481,922
 Capital
  expendi-
  tures       871         841       382           --    2,487       4,581

Nine months ended
November 30, 2003:
 Net
  sales  $107,133     $51,406   $37,736       $   --  $    --    $196,275
 Depre-
  ciation   2,478       1,761     2,238           --      498       6,975
 Amorti-
  zation
  of
  trade-
  mark         99          --        --           --       --          99
 Segment
  earnings
  (loss)
  before
  income
  tax      15,917       5,995     4,838           --   (5,544)     21,206
 Segment
  assets   78,364       35,923    36,887          --    4,863     156,037
 Capital
  expendi-  1,221          471       897          --      451       3,040
  tures
</TABLE>



                               11
<PAGE>

9.Derivative Financial Instruments and Hedging Activities
  -------------------------------------------------------
  The  Company's interest rate swaps are held for purposes  other
  than trading.  The Company utilized swap agreements related  to
  its  term  and revolving loans to effectively fix the  interest
  rate  for  a specified principal amount of the loans.   Amounts
  receivable  or payable under interest rate swap agreements  are
  recorded  as  adjustments to interest expense.  Currently,  the
  one  outstanding swap has been designated as a cash flow  hedge
  and  the after-tax effect of the mark-to-market valuation  that
  relates   to  the  effective  amount  of  derivative  financial
  instrument  is  recorded as an adjustment to accumulated  other
  comprehensive  income  with  the  offset  included  in  accrued
  expenses.

  The  Company utilized a swap agreement related to the term loan
  and  revolving credit facility to effectively fix the  interest
  rate at 3.2% for a pre-set principal amount of the loans.   The
  pre-set  principal amount of the loan covered  by  the  current
  swap  agreement declines quarterly in connection with  expected
  principal  reductions and totaled $7,500,000  at  November  30,
  2004.   The  fair value of the swap at November  30,  2004  was
  approximately  ($19,000) and the change in the  fair  value  of
  the  loss  from  March 1, 2004, net of tax, has been  added  to
  accumulated other comprehensive income.


















                               12
<PAGE>
     Item 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
     CONDITION AND RESULTS OF OPERATIONS

Overview
--------
Ennis, Inc. was organized under the laws of Texas in 1909. Ennis,
Inc. and its subsidiaries (collectively "Ennis" or the "Company")
is  primarily engaged in the production of and sale  of  a  broad
line   of   business   forms,  promotional  products,   including
activewear apparel, and other business products.  Distribution of
business forms and other business products throughout the  United
States  is  primarily  through  independent  dealers.  The  other
business    products   include   business   forms   distributors,
stationers,   printers,   computer   software   developers    and
advertising  agencies, among others.  Distribution of  activewear
apparel   is  conducted  through  distribution  centers   located
throughout the U.S. and Canada.

Ennis completed its merger with Alstyle Apparel, Inc. ("Alstyle")
November  19,  2004.    Alstyle shareholders  received  8,803,583
shares valued at approximately $145,523,000 and $2,889,000  cash.
Debt  of approximately $110,572,000 was assumed. Alstyle produces
and  sells activewear apparel with 6 facilities in California and
Mexico and 7 distribution centers located throughout the U.S. and
Canada.  Alstyle was acquired to supplement and broaden the scope
of products offered by Ennis.

On  November 1, 2004, Ennis acquired all of the outstanding stock
of  Royal  Business  Forms, Inc. ("Royal") located  in  Arlington
Texas  for  $3,700,000  in  Ennis Stock.   Royal  is  principally
engaged  in  the  design, manufacture and  marketing  of  printed
business  forms within the wholesale business forms  marketplace.
Royal  was  acquired  to  help  strengthen  the  Company  in  the
wholesale business forms marketplace.

On  June 30, 2004, the Company completed the acquisition  of  the
outstanding   stock   of  Dayton,  Ohio  based   Crabar/GBF   for
approximately $18,000,000, with consideration in the form of debt
assumed  and  cash in cash less debt assumed.  The  purchase  was
financed  with  $11,000,000 in bank loans with the balance  being
provided  by internal cash resources.  Crabar/GBF produces  high-
quality  long and medium run printing, pressure sensitive  labels
and  form-label combinations in facilities located  in  Cerritos,
California;  Bellville,  Texas;  Princeton,  Illinois;   Medfield
Massachusetts;  Edison,  New Jersey;  El  Dorado,  Missouri;  and
Leipsic,  Ohio.  Crabar/GBF also has an administrative center  in
Dayton,  Ohio.    Crabar  was acquired  to  help  strengthen  the
Company  in  the  wholesale  business  forms  marketplace.    The
Carbar/GBF facilities, except the Cerritos, California  location,
became   part  of  the  Forms  Solution  Group.   The   Cerritos,
California  operation  became part of the  Promotional  Solutions
Group.

The  Company  operates  in four business segments.   The  segment
Forms   Solutions   Group  is  primarily  in  the   business   of
manufacturing  and  selling  business  forms  and  other  printed
business products primarily to distributors located in the United
States.   The  segment Promotional Solutions Group  is  primarily
engaged in the business of design, manufacturing and distribution
of   printed   and   electronic  media,  presentation   products,
flexoraphic   printing,  advertising  specialties   and   Post-it
(registered  trademark) Notes.  The segment  Financial  Solutions
Group  designs,  manufactures  and  markets  printed  forms   and
specializes  in  internal  bank  forms,  secure  and   negotiable
documents  and custom products.  The segment Alstyle  Apparel  is
primarily  engaged  in  the production and  sales  of  activewear
including t-shirts, fleece goods, and other wearables.

                               13
<PAGE>

Economic pressure and the contraction of the traditional business
forms  industry continue to impact each segment of  the  Company.
As  a  result, the Company continues to concentrate  on  reducing
other  costs where sales are declining.  The installation of  the
Company's  Enterprise Resource Planning Software  ("ERP")  System
has   decreased  the  waste  in  materials  and  improved   labor
utilization in the plants which have the system.  The Company  is
continuing to install the ERP System throughout the organization.
The Company is also focusing on increasing sales where the market
is  expanding. In addition, the Company will continue  to  search
for  acquisition  opportunities  that  will  expand  our  mix  of
products  away  from  traditional forms,  as  well  as  strategic
acquisitions within the traditional forms industry.

Liquidity and Capital Resources
-------------------------------

Cash Flow
Cash  provided by operating activities for the nine months  ended
November 30, 2004 was approximately $19,872,000 and represented a
decrease  of  $5,837,000  from the $25,709,000  provided  in  the
comparable  period last year. This decrease in cash  provided  by
operating  activities  was  due to the  payments  of  outstanding
accounts  payable  of Crabar/GBF after acquisition.   Cash  flows
used  in  investing activities for the nine months ended November
30,  2004  was $118,801,000 and represented an increased  use  of
$115,843,000  from the  $2,958,000 used in the comparable  period
last year.    This increase in cash used was primarily the result
of  the acquisition of Crabar/GBF.  Cash flowsCash flows provided
by  financing  activities for the nine months ended November  30,
2004  was $95,885,000 and represented an increase of $108,685,000
from  the  $12,800,000 used in the comparable period  last  year.
The increase in financing activities was primarily the result  of
the  debt  issued  to  finance  the acquisition  of  Alstyle  and
Crabar/GBF.


Working Capital
The  Company  maintains a stable financial position with  working
capital at November 30, 2004, of $57,618,000.  The current  ratio
decreased  to  1.6  to 1 at the current period  compared  to  the
current  ratio  at the beginning of the year at 2.5  to  1.   The
decline  is primarily the result of debt assumed with the Alstyle
acquisition.   The  Company  has $12,023,000  in  cash  and  cash
equivalents.

Credit Facility
The  Company  has  approximately $129,783,000 in total  long-term
debt.   The  Company  entered  into a $150,000,000  term/revolver
facility on November 19, 2004 with the acquisition of Alstyle and
immediately borrowed $108,800,000 to finance the acquisition  and
refinance  existing  debt.   The  agreement,  which  matures   in
November  2009, provides for a five-year commitment.  The  credit
facility  incurs  interest  at  a floating  rate  of  the  London
Interbank Offered Rate ("LIBOR") plus a spread dependent upon the
Company's total funded debt level to cash flows as defined.   The
secured  credit facility contains financial covenants which  were
in compliance.

Common Stock
Shares  outstanding  were  increased  at  November  30,  2004  to
25,412,999  from  16,393,234 at the beginning of  the  year.   In
November  2004,  the company issued 8,803,583 shares  to  Alstyle
shareholders and 177,458 shares to Royal shareholders.




                               14
<PAGE>

Pension
The  Company  is  required to make contributions to  its  defined
benefit pension plan.  These contributions are required under the
minimum  funding requirements of the Employee Retirement  Pension
Plan  Income Security Act ("ERISA").  For the current fiscal year
ending  February  28,  2005, there is not a minimum  contribution
requirement and no pension payments have been made; however,  the
Company  anticipates it will pay $2,500,000 in the fourth quarter
of fiscal year 2005.

Inventories
The  Company believes current inventory levels are sufficient  to
satisfy  customer demand and anticipates having adequate  sources
of supply of raw materials to meet future business requirements.

Capital Expenditures
Capital  expenditures  for  the three  and  nine  months  totaled
$2,442,000  and  $4,581,000, respectively. For  the  full  fiscal
year,  capital expenditures are expected to be between $5,000,000
and  $6,000,000,  which  are  expected  to  be  financed  through
internally  generated  funds.  The Company  expects  to  generate
sufficient cash flow from its operating activities to  more  than
cover  its operating and capital requirements for the foreseeable
future.

Commitments
There   have   been  no  material  changes  in  our   contractual
obligations since fiscal year-end 2004 outside the normal  course
of business.

Accounting Standards
--------------------
On  May 19, 2004, the FASB issued an FSP regarding SFAS No.  106.
FSP 106-2, "Accounting and Disclosure Requirements Related to the
Medicare Prescription Drug, Improvement and Modernization Act  of
2003"  discusses the effect of the Act.  FSP 162-2 considers  the
effect  of  the  two  new  features  introduced  in  the  Act  in
determining  APBO and net periodic postretirement  benefit  cost.
The  adoption  of  FSP 106-2 is not expected to have  a  material
impact  on  the  Company's  financial  position  or  results   of
operations.

In  December  2002,  the  FASB  issued  Statements  of  Financial
Accounting   Standards  No.  148,  "Accounting  for   Stock-Based
Compensation-Transition  and  Disclosure-an  Amendment  to   FASB
Statement  No.  123"  ("SFAS 148").  SFAS 148 provides  alternate
methods  of  transition for a voluntary change to the fair  value
based method of accounting for stock-based employee compensation.











                               15
<PAGE>


In  addition,  SFAS  148  amends the disclosure  requirements  of
"Accounting for Stock-Based Compensation" ("SFAS 123") to require
prominent  disclosures  in  both  annual  and  interim  financial
statements  about  the  method of accounting  used  in  reporting
results.  To date, the Company has not adopted SFAS 123 utilizing
any  of  the  transition methods of SFAS 148 but does  apply  the
disclosure  requirements.  On December 16, 2004, the FASB  issued
SFAS  No.  123 (revised 2004), "Share-Based Payment"  ("SFAS  No.
123(R)").  SFAS No. 123(R) will require companies to measure  all
employee  stock-based  compensation awards  using  a  fair  value
method  and  record  such  expense in its consolidated  financial
statements.   In  addition,  the  adoption  of  SFAS  No.  123(R)
requires  additional  accounting and disclosure  related  to  the
income  tax  and  cash  flow effects resulting  from  share-based
payment arrangements.  SFAS No. 123(R) is effective beginning  as
of  the first interim or annual reporting period beginning  after
June 15, 2005.  The Company is in the process of determining  the
impact of the requirements of SFAS No. 123(R) which could have  a
material impact on its consolidated financial statements.

In November 2004, the FASB issued SFAS No. 151, "Inventory Costs"
("SFAS  151"). This Statement amends the guidance in ARB No.  43,
Chapter  4,  "Inventory Pricing," to clarify the  accounting  for
abnormal  amounts  of  idle facility expense,  freight,  handling
costs,  and  wasted material (spoilage). SFAS 151  requires  that
those items be recognized as current-period charges. In addition,
this  Statement  requires  that allocation  of  fixed  production
overheads  to  the  costs of conversion be based  on  the  normal
capacity of the production facilities. The provisions of SFAS 151
are  effective  for  inventory costs  incurred  in  fiscal  years
beginning  after June 15, 2005. As such, the company is  required
to  adopt these provisions at the beginning of fiscal year  2007.
The company is currently evaluating the impact of SFAS 151 on its
consolidated financial statements.

Results of Operations 2004
--------------------------

Net  sales for the three months ended November 30, 2004 increased
38.2%  from  the  corresponding period in the  prior  year.   The
Company's recent acquisitions:  Alstyle Apparel, Inc. ("Alstyle")
acquired  November 19, 2004, Royal Business Forms, Inc. ("Royal")
acquired   November  1,  2004  and  Crabar/GBF,  Inc.  ("Crabar")
acquired June 30, 2004 accounted for 33.7% of this increase.  The
remaining increase resulted from the Promotional Solutions  Group
sales  increase  of 6.2%, offset by decreases  in  the  remaining
Forms  Solutions  Group  0.6% and the Financial  Solutions  Group
1.1%.   The  Promotional  Solutions  Group  added  new  customers
resulting  in increased sales volume.  The Forms Solutions  Group
and  the Financial Solutions Group continue to be impacted by the
general economy and industry decline.  The declines are primarily
caused by decreased volume.

For  the nine months ended November 30, 2004, net sales increased
17.6%  from  the  corresponding period in the  prior  year.   The
Company's  recent  acquisitions  accounted  for  16.5%   of   the
increase.   The remaining increase resulted from the  Promotional
Solutions  Group sales increased of 3.2%, offset by decreases  in
the  remaining  Forms  Solutions Group  1.0%  and  the  Financial
Solutions  Group 1.1%. The Promotional Solutions Group added  new
customers  resulting  in  increased  sales  volume.   The   Forms
Solutions Group and the Financial Solutions Group continue to  be
impacted  by  the  general  economy and  industry  decline.   The
declines are primarily caused by decreased volume.




                               16
<PAGE>

<TABLE>
<CAPTION>           Forms     Promotional Financial  Alstyle  Consoli-
                  Solutions    Solutions  Solutions  Apparel    dated
                    Group        Group      Group     Group    Totals
                    -----        -----      -----     -----    ------
<S>               <C>         <C>         <C>        <C>      <C>
Three months ended November 30, 2004:
 Net sales
   excluding
   acquisitions      $34,555      $21,927    $12,892    $  --   $69,375
 Net sales from
   acquisitions       15,806        2,234         --    4,336    22,375
                     -------      -------    -------   ------  --------
 Total net sales     $50,361      $24,161    $12,892   $4,336  $ 91,750
                     =======      =======    =======   ======  ========

Three months ended November 30, 2003:
 Total net sales     $35,440      $17,339    $13,619    $  --  $ 66,398
                     =======      =======    =======   ======  ========

Nine months ended November 30, 2004:
 Net sales
   excluding
   acquisitions     $103,593      $59,260    $35,569    $  --  $198,422

 Net sales from
   acquisitions       24,557        3,545         --    4,336    32,438
                     -------      -------    -------   ------  --------
 Total net sales    $128,150      $62,805    $35,569   $4,336  $230,860
                     =======      =======    =======   ======  ========

Nine months ended November 30, 2003:

 Total net sales    $107,133      $51,406    $37,736   $   --  $196,275
                     =======      =======    =======   ======  ========
</TABLE>

Gross  profit  margins decreased from 26.5% in the  three  months
ended  November  30,  2003 to 24.9% in  the  three  months  ended
November  30,  2004 and decreased from 26.3% in the  nine  months
ended  November  30,  2003  to 25.7% in  the  nine  months  ended
November  30,  2004. The decrease in the three  months  and  nine
months  ended  November  30,  2004 is  primarily  the  result  of
recently  acquired  companies which yield lower  profit  margins.
The   Forms  Solutions  Group  and  Financial  Solutions   Group,
excluding recent corporate acquisitions, experienced increases in
gross  profit  margin for the three months and nine months  ended
when  compared to the same period in the prior year.   While  the
general  weakness  in the economy and the decline  in  the  forms
industry contributed to decreased volume, profits were able to be
increased by controlling variable costs and maintaining efficient
fixed  cost  absorption.  The  Promotional  Solutions  Group  had
relatively  consistent gross profit margins for the three  months
and nine months ended November 30, 2004 when compared to the same
period in the prior year.

Selling, general and administrative expenses increased 29.7%  for
the  three months ended November 30, 2004 and 12.3% for the  nine
months ended November 30, 2004 when compared to the corresponding
periods  in  the  prior  year.   The Company's  recent  corporate
acquisitions accounted for increases in administrative  personnel
in the Forms Solutions Group and Alstyle Apparel Group.

Interest  expense  increased from $183,000 in  the  three  months
ended  November  30, 2003 to $288,000 in the three  months  ended
November  30,  2004  primarily as  a  result  of  increased  debt
resulting  from  the corporate acquisitions.   Interest  expensed
decreased  from $662,000 for the nine months ended  November  30,
2003  to  $589,000  for the nine months ended November  30,  2004
primarily  as  a  result of the reduction of long-term  financial
debt, prior to the corporate acquisitions.

                               17
<PAGE>

The  Company's  effective  federal  and  state  income  tax  rate
remained  relatively constant at approximately 38% for  the  nine
months ended November 30, 2004 and November 30, 2003.



Critical Accounting Policies and Judgments
------------------------------------------
In  preparing our financial statements, we are required  to  make
estimates  and  assumptions  that  affect  the  disclosures   and
reported  amounts of assets and liabilities at the  date  of  the
financial  statements and the reported amounts  of  revenues  and
expenses  during the reporting period.  We evaluate our estimates
and judgments on an ongoing basis, including those related to bad
debts,  inventory  valuations,  property,  plant  and  equipment,
intangible  assets and income taxes.  We base our  estimates  and
judgments  on historical experience and on various other  factors
that we believe to be reasonable under the circumstances.  Actual
results   may   differ  from  these  estimates  under   different
assumptions  or conditions.  The Company believes  the  following
accounting policies are the most critical due to their affect  on
the  Company's more significant estimates and judgments  used  in
preparation of its consolidated financial statements.

The   Company  maintains  a  defined-benefit  pension  plan   for
employees.   Included in our financial results are pension  costs
which  are  measured using actuarial valuations.   The  actuarial
assumptions used may differ from actual results.

The   Company's  accounts  receivable  are  primarily  due   from
distributors  of the Company's business forms and  other  printed
business  products.  Credit is extended based  on  evaluation  of
each  customer's  financial condition.  Accounts  receivable  are
generally  due within 30 days and are stated net of an  allowance
for   doubtful   accounts.  Accounts  outstanding   longer   than
contractual  payment terms are considered past due.  The  Company
records an allowance on a specific basis by considering a  number
of  factors, including the length of time trade accounts are past
due,  the  Company's previous loss history, the credit-worthiness
of  individual customers, economic conditions affecting  specific
customer  industries  and  economic conditions  in  general.  The
Company   writes-off  accounts  receivable   when   they   become
uncollectible   and  payments  subsequently  received   on   such
receivables  are credited against write-offs in  the  period  the
payment is received.

The  Company  values  the raw material content  of  most  of  its
business  forms  inventories at the lower of  last-in,  first-out
("LIFO")  cost or market.  At fiscal years ended 2004  and  2003,
approximately  75% of business forms inventories  are  valued  at
LIFO  with  the remainder of inventories valued at the  lower  of
first-in,  first-out  ("FIFO")  cost  or  market.   The   Company
provides  reserves for excess and obsolete inventory  based  upon
analysis  of  quantities  on  hand,  recent  sales  volumes   and
reference to market prices.







                               18
<PAGE>




We  exercise  judgment  in evaluating our long-lived  assets  for
impairment.   The Company assesses the impairment  of  long-lived
assets, which include other intangible assets, goodwill and plant
and  equipment,  whenever  events  or  changes  in  circumstances
indicate  that  the carrying value may not be  recoverable.   The
Company  assesses  the  impairment  of  goodwill  annually.    In
performing tests of impairment, the Company estimates future cash
flows  that  are expected to result from the operating  segments.
Actual  results could differ from assumptions made by management.
We  believe  our businesses will generate sufficient undiscounted
cash  flow to more than recover the investments we have  made  in
property, plant and equipment, as well as the goodwill and  other
intangibles  recorded  as  a result  of  our  acquisitions.   The
Company  cannot  predict  the  occurrence  of  future  impairment
triggering  events nor the impact such events might have  on  its
reported asset values.

Revenue is recognized upon shipment for all printed products.

Derivative  instruments are recognized on the  balance  sheet  at
fair  value. Changes in fair values of derivatives are  accounted
for based upon their intended use and designation.  The Company's
interest  rate  swaps are held for purposes other  than  trading.
The  Company  utilized swap agreements related to  its  term  and
revolving  loans  to  effectively fix the  interest  rate  for  a
specified  principal amount of the loans.  Amounts receivable  or
payable  under  interest  rate swap agreements  are  recorded  as
adjustments  to interest expense.  This swap has been  designated
as  a  cash  flow hedge and the after tax effect of the  mark-to-
market  valuation  that  relates  to  the  effective  amount   of
derivative  financial instrument is recorded as an adjustment  to
accumulated  other comprehensive income with the offset  included
in accrued expenses.

As  part  of the process of preparing our consolidated  financial
statements, we are required to estimate our income taxes in  each
jurisdiction  in which we operate that imposes a tax  on  income.
This  process involves estimating our actual current tax exposure
together  with  assessing  temporary differences  resulting  from
different  treatment  of items for tax and  accounting  purposes.
These  differences result in deferred tax assets and liabilities,
which  are included in our consolidated balance sheet.   We  must
then  assess the likelihood that our deferred tax assets will  be
recovered from future taxable income and to the extent we believe
that  recovery  is  more likely than not,  we  must  establish  a
valuation  allowance.   To the extent we  establish  a  valuation
allowance, we must include an expense within the tax provision in
the  consolidated statements of income.  In the event that actual
results  differ  from these estimates, our provision  for  income
taxes could be materially impacted.

Certain Factors That mMay Affect Future Results
----------------------------------------------
The Forms Solutions Group sells a mature product line of business
forms  and other printed business products.  The demand for  this
product   line  may  decrease  with  increasing  electronic   and
paperless forms and filings.

The Promotional and Financial Solutions Groups are dependent upon
certain  major customers.  The loss of such customers may  affect
the revenue and earnings of the Groups.

The Company has various contracts with suppliers that are subject
to  change upon renewal and may not provide the same cost  ratios
for future periods.


                               19
<PAGE>


Forward looking statement
-------------------------
Management's   result  of  operations  contains   forward-looking
statements  that reflect the Company's current view with  respect
to future revenues and earnings.  These statements are subject to
numerous  uncertainties, including (but not limited to) the  rate
at   which   the  business  forms  market  is  contracting,   the
application  of  technology to the production of business  forms,
demand for the Company's products in the context of a contracting
market,  variability  in  the  prices  of  paper  and  other  raw
materials,  and  competitive conditions  in  the  business  forms
market.  Because of such uncertainties, readers are cautioned not
to place undue reliance on such forward-looking statements, which
speak only as of January 7, 2005.

Item  3.   QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT  MARKET
RISK

Market Risk
-----------
The  Company  is exposed to market risk from changes in  interest
rates on debt.  A discussion of the Company's accounting policies
for  derivative  instruments is included  in  the  Notes  to  the
Consolidated  Financial Statements for the period ended  November
30, 2004.

The  Company's net exposure to interest rate risk consists  of  a
floating  rate debt instrument that is benchmarked  to  U.S.  and
European short-term interest rates.  The Company may from time to
time  utilize  interest  rate swaps to manage  overall  borrowing
costs  and  reduce exposure to adverse fluctuations  in  interest
rates.  The  Company  does  not use  derivative  instruments  for
trading  purposes.  The Company is exposed to interest rate  risk
on   short-term  and  long-term  financial  instruments  carrying
variable  interest rates.  The Company's variable rate  financial
instruments, including the outstanding credit facilities, totaled
$108,000,000  at November 30, 2004.  The impact on the  Company's
statement of earnings of a one-point interest rate change on  the
outstanding balance of the variable rate financial instruments as
of  November  30,  2004 would be immaterial.   This  market  risk
discussion  contains forward-looking statements.  Actual  results
may  differ  materially from this discussion based  upon  general
market  conditions and changes in domestic and  global  financial
markets.

Item 4.  CONTROLS AND PROCEDURES
(a)  Evaluation of Disclosure Controls and Procedures. Our  Chief
Executive   Officer  and  our  Chief  Financial  Officer,   after
evaluating   the  effectiveness  of  the  Company's   "disclosure
controls  and procedures" (as defined in the Securities  Exchange
Act of 1934 ("Exchange Act") Rules 13a-15(e) or 15d-15(e)) as  of
the  end  of  the period covered by this quarterly  report,  have
concluded  that  our  disclosure  controls  and  procedures   are
effective  based  on  their  evaluation  of  these  controls  and
procedures required by paragraph (b) of Exchange Act Rules 13a-15
or 15d-15.

(b)  Changes in Internal Control Over Financial Reporting. During
the  quarter  ended  November 30, 2004, the  Company  implemented
certain  controls  in  conjunction with its  project  related  to
reporting  on internal controls in compliance with The  Sarbanes-
Oxley  Act  of 2002.  The Company is continuing to integrate  the
operations of the newly acquired operations of Alstyle  into  its
current  internal  control environment and  procedures  that  are
currently  in  place  at  the  Company.   It  is  expected   this
integration will be completed by the end of the Company's  fiscal
year  and  will result in changes to virtually all areas  of  the
Company's   internal  controls  in  order  to  provide  effective
monitoring and control of the newly integrated operations.
                               20
<PAGE>

                   PART II. OTHER INFORMATION


Item 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

On  November 5, 2004, the Company held a special meeting  of  its
shareholders  to approve the issuance of shares of the  Company's
common  stock to holders of all of the capital stock  of  Centrum
Acquisition,  Inc. in connection with the merger of Centrum  with
and into a subsidiary of the Company pursuant to the terms of the
Agreement  and  Plan of Merger dated as of June  25,  2004  among
Company, Centrum and Midlothian Holdings LLC, a subsidiary of the
Company.   The issuance was approved at the special meeting  with
11,578,636  shares cast "for" the issuance, 433,907  shares  cast
"against" the issuance and 58,666 shares withheld.

Item 6. EXHIBITS

        Exhibits
        The exhibits as listed on the accompanying index to
        exhibits on page 23 are filed as part of this Form 10-Q.






















                               21
<PAGE>





                           SIGNATURES


     Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.


                                ENNIS, INC.


Date January 7, 2005            /s/Harve Cathey
     -------------------        -------------------------------
                                Harve Cathey
                                Vice President - Finance and
                                CFO, Secretary and Principal
                                Financial and Accounting Officer


























                               22
<PAGE>

                        INDEX TO EXHIBITS

      Exhibit 2.1   Agreement and Plan of Merger dated  as  of
                    June  25,  2004 by and among Ennis,  Inc.,
                    Midlothian   Holdings  LLC,  and   Centrum
                    Acquisition, Inc., incorporated herein  by
                    reference   to   Exhibit   2.1   to    the
                    Registrant's  Form S-4 filed on  September
                    3, 2004.
      Exhibit 2.2   First  Amendment to Agreement and Plan  of
                    Merger dated as of August 23, 2004 by  and
                    among  Ennis,  Inc.,  Midlothian  Holdings
                    LLC,   and   Centrum  Acquisition,   Inc.,
                    incorporated   herein  by   reference   to
                    Exhibit  2.2 to the Registrant's Form  S-4
                    filed on September 3, 2004.
      Exhibit 3.1   Restated  Articles  of  Incorporation   as
                    amended   through  June  23,   1983   with
                    attached  amendments dated June 20,  1985,
                    July   31,   1985   and  June   16,   1988
                    incorporated   herein  by   reference   to
                    Exhibit  5  to the Registrant's Form  10-K
                    Annual  Report for the fiscal  year  ended
                    February 28, 1993.
      Exhibit 3.2   Bylaws   of  the  Registrant  as   amended
                    through   October  15,  1997  incorporated
                    herein  by reference to Exhibit  3(ii)  to
                    the   registrant's  Form  10-Q   Quarterly
                    Report for the quarter ended November  30,
                    1997.
      Exhibit 3.3   Articles  of Amendment to the Articles  of
                    Incorporation  of  Ennis  Business  Forms,
                    Inc. filed on June 17, 2004.
      Exhibit 10.1  Employee  Agreement  between  Ennis,  Inc.
                    and  Keith  S. Walters dated May  1,  2003
                    incorporated   herein  by   reference   to
                    Exhibit 10.1 to the Registrant's Form  10-
                    K  Annual Report for the fiscal year ended
                    February 29, 2004.
      Exhibit 10.2  Employee  Agreement  between  Ennis,  Inc.
                    and  Ronald  M. Graham dated May  1,  2003
                    incorporated   herein  by   reference   to
                    Exhibit 10.2 to the Registrant's Form  10-
                    K  Annual Report for the fiscal year ended
                    February 29, 2004.
      Exhibit 10.3  Employee  Agreement  between  Ennis,  Inc.
                    and  Michael  D. Magill dated  October  7,
                    2003  incorporated herein by reference  to
                    Exhibit 10.3 to the Registrant's Form  10-
                    K  Annual Report for the fiscal year ended
                    February 29, 2004.
      Exhibit 10.4  2004      Long-Term     Incentive     Plan
                    incorporated   herein  by   reference   to
                    Exhibit  4.1 of the Registrant's Form  S-8
                    filed on January 5, 2005.
      Exhibit 10.5  Stock Purchase Agreement dated as of  June
                    25,   2004,  among  Crabar/GBF,  Inc.  the
                    shareholders  of  Crabar/GBF,   Inc.   and
                    Ennis,   Inc.   incorporated   herein   by
                    reference   to   Exhibit    2    to    the
                    Registrant's Current Report  on  Form  8-K
                    filed on July 15, 2004.
      Exhibit 10.6  First  Amendment  Agreement  dated  as  of
                    June  25, 2004, by and among Amin  Amdani,
                    Rauf  Gajiani, Centrum Acquisition,  Inc.,
                    Ennis,  Inc.  and Midlothian Holdings  LLC
                    incorporated   herein  by   reference   to
                    Exhibit 10.6 to the Registrant's Form  S-4
                    filed on September 3, 2004.

                               23
<PAGE>

      Exhibit 10.7   Indemnity Agreement dated as of  June  25,
                     2004,  by and among Laurence Ashkin, Roger
                     Brown,   John  McLinden,  Arthur   Slaven,
                     Ennis,  Inc.  and Midlothian Holdings  LLC
                     incorporated   herein  by   reference   to
                     Exhibit 10.7 to the Registrant's Form  S-4
                     filed on September 3, 2004.
      Exhibit 10.8   Indemnity Agreement dated as of  June  25,
                     2004,  by and among Laurence Ashkin, Roger
                     Brown,   John  McLinden,  Arthur   Slaven,
                     Ennis,  Inc.  and Midlothian Holdings  LLC
                     incorporated   herein  by   reference   to
                     Exhibit 10.8 to the Registrant's Form  S-4
                     filed on September 3, 2004.
      Exhibit 10.9   UPS    Ground,   Air   Hundredweight   and
                     Sonicair    Incentive   Program    Carrier
                     Agreement    incorporated    herein     by
                     reference   to   Exhibit   10    to    the
                     Registrant's Form 10-K Annual  Report  for
                     the fiscal year ended February 29, 2003.
      Exhibit 10.10  Addendum  to UPS Ground, Air and  Sonicair
                     Incentive Program Carrier Agreement  dated
                     as  of August 9, 2004, between Ennis, Inc.
                     and    United    Parcel   Service,    Inc.
                     incorporated   herein  by   reference   to
                     Exhibit 10.10 to the Registrant's Form  S-
                     4 filed on September 3, 2004.*
      Exhibit 10.11  Carbonless  Paper Agreement  dated  as  of
                     July   13,  2004  between  Ennis,  Inc   &
                     MeadWestvaco    Corporation   incorporated
                     herein  by reference to Exhibit  10.11  to
                     the   Registrant's  Form  S-4   filed   on
                     September 3, 2004.*
      Exhibit 10.12  Fourth   Amendment  to  Credit   Agreement
                     dated  as of June 25, 2004, between Ennis,
                     Inc.  and Bank One, NA incorporated herein
                     by  reference  to  Exhibit  10.12  to  the
                     Registrant's  Form S-4 filed on  September
                     3, 2004.
      Exhibit 10.13  Assignment Agreement dated as of June  30,
                     2004,    between   U.S.   Bank    National
                     Association  and Compass Bank incorporated
                     herein  by reference to Exhibit  10.13  to
                     the   Registrant's  Form  S-4   filed   on
                     September 3, 2004.
      Exhibit 31.1   Certification  Pursuant   to   Rule   13a-
                     14(a)/15d-14(a) (Chief Executive Officer)
      Exhibit 31.2   Certification  Pursuant   to   Rule   13a-
                     14(a)/15d-14(a) (Chief Financial Officer)
      Exhibit 32     Certification  pursuant   to   18   U.S.C.
                     Section  1350,  as  adopted  pursuant   to
                     Section 906 of the Sarbanes-Oxley  Act  of
                     2002
      Exhibit 99     Charter  of  the  Audit Committee  of  The
                     Board   of  Directors  of  Ennis  Business
                     Forms,  Inc.  as  amended  June  21,  2001
                     incorporated   herein  by   reference   to
                     Exhibit  99 to the Registrant's Form  10-Q
                     Quarterly  Report  for the  quarter  ended
                     May 31, 2001.

  *   Portions of Exhibit have been omitted pursuant to a request
  for  confidential  treatment  filed  with  the  Securities  and
  Exchange Commission.



                               24
<PAGE>

  *  Portions of Exhibit have been omitted pursuant to a request
  for confidential treatment filed with the Securities and
  Exchange Commission.