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


For Quarter Ended              MAY 31, 2003
                 ------------------------------------------------

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

                         ENNIS BUSINESS FORMS, 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.)


   1510 N. Hampton, Suite 300, DeSoto, TX               75115
-----------------------------------------------------------------
  (Address of principal executive offices)            (Zip Code)


                          (972) 228-7801
-----------------------------------------------------------------
       (Registrant's telephone number, including area code)


                            No Change
-----------------------------------------------------------------
       (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 the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date.


           Class                   Outstanding at May 31, 2003
----------------------             ---------------------------
Common stock, par value                     16,332,392
    $2.50 per share

<PAGE>
                   ENNIS BUSINESS FORMS, INC.

                              INDEX


Part I.   Financial information - unaudited

   Item 1 - Financial Statements
      Condensed Consolidated Balance Sheets --
        May 31, 2003 and February 28, 2003               2 - 3

      Condensed Consolidated Statements of Earnings --
        Three Months Ended May 31, 2003 and 2002           4

      Condensed Consolidated Statements of Cash
        Flows -- Three Months Ended May 31, 2003
        and 2002                                           5

      Notes to Condensed Consolidated Financial          6 - 10
        Statements

   Item 2 - Management's Discussion and Analysis of
      Financial Condition and Results of Operations     11 - 13

   Item 3 - Quantitative and Qualitative Disclosures
      of Market Risk                                       14

   Item 4 - Controls and Procedures                        14

Part II. Other Information

   Item 4 - Submission of Matters to a Vote of
      Security Holders                                     15

   Item 6 - Exhibits and Reports on Form 8-K               15

Signatures                                                 16


<PAGE>

                 PART I.  FINANCIAL INFORMATION

Item 1.  FINANCIAL STATEMENTS

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


                                        May 31,     February 28,
                                          2003          2003
                                          ----          ----
                                      (unaudited)
                      Assets
                       -----

Current assets:
    Cash and cash equivalents           $ 17,873        $ 13,860
    Accounts receivable, net              30,247          32,077
    Prepaid expenses                       1,548           1,708
    Inventories                           13,746          13,104
    Contract costs in excess of
      billings                               437             967
    Other current assets                   3,549           3,296
                                         -------         -------
               Total current assets       67,400          65,012
                                         -------         -------

Property, plant and equipment, net        49,718          51,264

Goodwill, net                             34,241          34,241

Other assets                               1,977           2,020
                                         -------         -------

                                        $153,336        $152,537
                                         =======         =======













                                                      (Continued)


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


                                            May 31,     February 28,
                                              2003          2003
                                              ----          ----
                                           (unaudited)
  Liabilities and Shareholders' Equity
  ------------------------------------

  Current liabilities:
      Accounts payable                     $  5,875      $  6,644
      Accrued expenses:
          Employee compensation and
            benefits                          5,653         6,784
          Federal and state income tax
            payable                           2,268            --
          Taxes other than income             1,537         1,430
          Other                               3,475         3,398
      Current installments of long-term
        debt                                  6,686         7,038
                                            -------       -------
               Total current liabilities     25,494        25,294
                                            -------       -------

  Accrued pension                             2,784         2,130

  Long-term debt, less current
    installments                             16,635        18,135

  Deferred credits, principally income
    taxes                                     9,940        10,075

  Shareholders' equity:
      Preferred stock, at par value              --            --
      Common stock, at par value             53,125        53,125
      Additional paid in capital                461           461
      Retained earnings                     139,419       137,848
      Accumulated other comprehensive
        loss                                 (5,213)       (5,225)
                                            -------       -------
                                            187,792       186,209

      Treasury stock                        (89,309)      (89,306)
                                            -------       -------

               Total shareholders'
                 equity                      98,483        96,903
                                            -------       -------

                                           $153,336      $152,537
                                            =======       =======

See accompanying notes to condensed consolidated financial
statements.





                                3
<PAGE>
                   ENNIS BUSINESS FORMS, INC.

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

                                             Three Months Ended
                                                  May 31,
                                              2003        2002
                                              ----        ----


 Net sales                                  $64,874     $57,743

 Costs and expenses:
    Cost of sales                            48,324      42,739
    Selling, general and administrative
        expenses                              9,655       9,351
                                            -------     -------

                                             57,979      52,090
                                            -------     -------

 Earnings from operations                     6,895       5,653
                                            -------     -------

 Other income (expense):
    Investment income                            14          72
    Interest expense                           (287)       (338)
    Other expense, net                           (3)        (65)
                                            -------     -------

                                               (276)       (331)
                                            -------     -------

 Earnings before income taxes                 6,619       5,322

 Provision for income taxes                   2,515       2,022
                                            -------     -------

 Net earnings                              $  4,104    $  3,300
                                            =======     =======

 Weighted average number of common
   shares outstanding - basic            16,332,565  16,272,938
    Plus incremental shares from
    assumed exercise of stock options       173,917     220,355
                                         ----------  ----------
 Weighted average number of common
   shares outstanding - diluted          16,506,482  16,493,293
                                         ==========  ==========

 Per share amounts:
    Net earnings - basic                      $ .25       $ .20
                                               ====        ====
    Net earnings - diluted                    $ .25       $ .20
                                               ====        ====
    Cash dividends per share                  $.155       $.155
                                               ====        ====

See accompanying notes to condensed consolidated financial
statements.


                                4

<PAGE>
                   ENNIS BUSINESS FORMS, INC.

         CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                     (Dollars in Thousands)
                           (Unaudited)
                                             Three Months Ended
                                                   May 31,
                                               2003       2002
                                               ----       ----
 Cash flows from operating activities:
    Net earnings                              $4,104     $3,300
    Adjustments to reconcile net earnings
       to net cash provided by operating
       activities:
          Depreciation                         2,377      2,248
          Amortization of trademark               33         --
          Gain on the sale of equipment          (78)       (23)
          Other                                  521        481
          Changes in operating assets and
          liabilities:
            Receivables                        1,830     (1,730)
            Prepaid expenses                     160       (716)
            Inventories                         (642)       207
            Other current assets                (260)       190
            Accounts payable and accrued
             expenses                            571      1,619
            Other assets                         538      1,481
                                              ------     ------

            Net cash provided by operating
            activities                         9,154      7,057
                                              ------     ------

 Cash flows from investing activities:
    Capital expenditures                        (842)      (440)
    Redemption of investments                     --        722
    Proceeds from disposal of property            89         27
    Other                                         --          6
                                              ------     ------

            Net cash provided by (used in)
             investing activities               (753)       315
                                              ------     ------

 Cash flows from financing activities:
    Repayment of debt issued to finance
     acquisition                              (1,850)    (1,850)
    Dividends                                 (2,533)    (2,522)
    Purchase of treasury stock                    (3)        --
    Other                                         (2)       (58)
                                              ------     ------

            Net cash used in financing
             activities                       (4,388)    (4,430)
                                              ------     ------

 Net change in cash and cash equivalents       4,013      2,942
 Cash and cash equivalents at beginning of
  period                                      13,860     16,180
                                              ------     ------

 Cash and cash equivalents at end of period  $17,873    $19,122
                                              ======     ======

See accompanying notes to condensed consolidated financial
statements.


                                5
<PAGE>
                   ENNIS BUSINESS FORMS, INC.
      NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


1. Basis of Presentation
   ---------------------
   These  unaudited  condensed consolidated financial  statements
   of   Ennis   Business   Forms,  Inc.  and   its   subsidiaries
   (collectively  the  "Company" or  "Ennis"),  for  the  quarter
   ended  May  31,  2003  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  28,  2003,
   from  which  the  accompanying condensed consolidated  balance
   sheet  at  February  28,  2003 was derived.   All  significant
   intercompany  balances and transactions have  been  eliminated
   in   consolidation.   In  the  opinion  of   management,   all
   adjustments  (consisting only of normal recurring adjustments)
   considered  necessary for a fair presentation of  the  interim
   financial  information  have been included.   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  executive  and
   managerial employees and non-employee directors.  At  May  31,
   2003,  the  Company has two incentive stock option plans:  the
   1998  Option and Restricted Stock Plan and the 1991  Incentive
   Stock  Option Plan. The Company has 800,027 shares of unissued
   common  stock  reserved  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  income  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)
   ----------------------------------------------------------

      For the Three Months Ended May 31,    2003      2002
                                            ----      ----
      Net earnings:
       As reported                        $4,104    $3,300
       Deduct:  Stock-based Employee
       compensation expense not
       included in reported income, net
       of related tax effects                 14        15
                                           -----     -----
       Pro forma                          $4,090    $3,285
                                           =====     =====

      Net earnings per share:
       As reported - basic                  $.25      $.20
       Pro forma - basic                     .25       .20

       As reported - diluted                 .25       .20
       Pro forma - diluted                   .25       .20


   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
   primarily over the vesting period.

   In  December  2002, the 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  first  quarter   2003,
   compensation  expense  of $22,000 would  have  been  recorded.
   After related income tax effects, this would have reduced  net
   income  by  $14,000.   There would  have  been  no  effect  to
   earnings per share.

   As  of  May 31, 2003, the Company has reserved 800,027  shares
   of  common stock under incentive stock option plans.  For  the
   three  month periods ended May 31, 2003 and 2002,  65,500  and
   71,250  of  options, respectively, were 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>

3. 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  inventory  at  the  different
   stages of production (in thousands of dollars):


                                   May 31,   February 28,
                                    2003         2003
                                    ----         ----

             Raw material         $ 6,935      $ 6,664
             Work-in-process        1,237        1,161
             Finished goods         5,574        5,279
                                   ------       ------

                                  $13,746      $13,104
                                   ======       ======


4. Accumulated other comprehensive loss
   ------------------------------------
   Accumulated   other  comprehensive  loss   consists   of   the
   unrealized  portion  of  changes in  the  fair  value  of  the
   Company's  cash flow hedge and the minimum pension  liability.
   Comprehensive  income  was approximately  $4,116,000  for  the
   three  months ended May 31, 2003 and $3,392,000 for the  three
   months  ended  May  31,  2002.  Amounts  charged  directly  to
   Shareholder's  Equity related to the Company's  interest  rate
   swap  and  pension  plan are included in "other  comprehensive
   income."


5. Segment Data
   ------------
   The  Company  operates  three business  segments.   The  Forms
   Solutions  Group is primarily in the business of manufacturing
   and   selling  business  forms  and  other  printed   business
   products to customers primarily located in the United  States.
   On  November  13,  2002,  effective  November  14,  2002,  the
   Company  acquired  Calibrated  Forms  Co.,  Inc.  (Calibrated)
   which  became part of the Forms Solutions Group segment.   The
   Promotional  Solutions  Group is comprised  of  Adams  McClure
   (design,   production   and  distribution   of   printed   and
   electronic  media), Admore (presentation products)  and  Wolfe
   City (flexographic printing, advertising specialties and Post-
   it  (registered  trademark) Notes).  The  Financial  Solutions
   Group  is  comprised of Northstar Computer Forms  which  is  a
   manufacturer  and  seller  of  official  bank  checks,   money
   orders,  and  internal  bank forms. 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  months
   ended May 31, 2003 and 2002 were as follows (in thousands):


                                8
<PAGE>

   Segment Data (Continued)
   ------------------------

<TABLE>

   <CAPTION>                    Forms    Promotional Financial
                              Solutions   Solutions  Solutions             Consolidated
                                Group       Group      Group    Corporate     Totals
                                -----       -----      -----    ---------     ------
   <S>                        <C>        <C>         <C>        <C>          <C>
   Three months ended
    May 31, 2003:
      Net sales               $35,466     $17,428    $11,980    $    --      $ 64,874
      Depreciation                939         497        763        178         2,377
      Amortization of
        trademark                  33          --         --         --            33
      Segment earnings
        (loss) before income
        tax                     5,186       1,836      1,228     (1,631)        6,619
      Segment assets           75,037      36,237     37,092      4,970       153,336
      Capital expenditures        570         154        100         18           842

   Three months ended
    May 31, 2002:
      Net sales               $27,436     $18,238    $12,069    $    --      $ 57,743
      Depreciation                654         573        826        195         2,248
      Segment earnings
        (loss) before income
        tax                     4,369       1,718        875     (1,640)        5,322
      Segment assets           55,764      38,757     41,991      4,760       141,272
      Capital expenditures        122         174         69         75           440
</TABLE>
"Post-it" is a registered trademark of 3M.



6.Purchase of Calibrated
  ----------------------
  On  November 14, 2002, the Company completed its acquisition of
  all  of  the  outstanding stock of Calibrated Forms  Co.,  Inc.
  (Calibrated),  a company which is principally  engaged  in  the
  design,  manufacture  and marketing of printed  business  forms
  within  the  wholesale business forms marketplace.   Calibrated
  was  acquired  to help strengthen the Company in the  wholesale
  business  forms marketplace.  Calibrated became a wholly  owned
  subsidiary  and operated as part of the Forms Solutions  Group.
  The  acquisition  was  financed with an additional  $15,000,000
  draw  against  the  Company's Revolving Credit  Facility.   The
  purchase  price  for  the  transaction  was  $22,038,000   less
  liabilities   excluded  of  $7,195,060,  and  the   liabilities
  excluded  were  evidenced  by  two  promissory  notes   bearing
  interest  at 3.75% per annum, which were paid January 3,  2003.
  In  addition,  the Purchase Agreement provides  for  additional
  consideration  in the form of an earn-out.  The  earn-out  will
  be  50%  of  the  amount,  if any, of Calibrated's  EBITDA,  as
  defined in the Purchase Agreement in excess of $6,300,000  each
  year,  to  a maximum amount of $3,000,000.  This earn-out  will
  be  paid  as  long  as  one  of  the  two  former  shareholders
  acceptable  to the Company, is employed as General  Manager  of
  Calibrated  on a full-time basis during the entire fiscal  year
  for  which  the earn-out is paid.  Any such earn  out  will  be
  recorded  as  compensation expense in  the  year  to  which  it
  relates.   The  acquisition was accounted for by  the  purchase
  method.   Approximately $2,400,000 of the goodwill  related  to
  the Calibrated acquisition is deductible for tax purposes.

                                9
<PAGE>

6.Purchase of Calibrated (Continued)
  ----------------------------------
  The  accompanying consolidated financial statements include the
  operations  of  Calibrated since the date of acquisition.   The
  following table represents certain operating information  on  a
  pro  forma basis as though Calibrated had been acquired  as  of
  March  1, 2002, after the estimated impact of adjustments  such
  as   amortization  of  intangible  assets,  interest   expense,
  reduced  interest income and related tax effects (in  thousands
  except per share amounts):

       For the Three Months Ended May 31,         2002

       Pro forma net sales                      $68,113
       Pro forma net earnings                     3,373
       Pro forma earnings per share - diluted      0.21

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


7.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.  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.

  The  Company utilized swap agreements related to the term  loan
  and  revolving credit facility to effectively fix the  interest
  rate  at 6.89% and 3.2% for a pre-set principal amount  of  the
  loans.   The  pre-set principal amount of the loans covered  by
  the  swap  agreements  declines quarterly  in  connection  with
  expected  principal reductions and totaled $16,635,000  at  May
  31,  2003.   The  fair value of the swap at May  31,  2003  was
  approximately  ($231,000) and the change in the fair  value  of
  the  loss  from March 1, 2003, net of tax, has been charged  to
  Accumulated other comprehensive loss.











                               10
<PAGE>

Item 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
               CONDITION AND RESULTS OF OPERATIONS

Liquidity and Capital Resources
-------------------------------
The  Company  has  maintained a strong  financial  position  with
working  capital at May 31, 2003, of $41,906,000, an increase  of
5.5%  from the beginning of the year, and a current ratio of  2.6
to  1. The increase in current assets is due to operating profits
less funds used to pay dividends.  The Company has $17,873,000 in
cash and cash equivalents and $16,635,000 in long-term debt, less
current installments.  The Company made payments of $1,850,000 of
the  debt financing for the three months ended May 31, 2003.  The
Company anticipates repaying the long-term debt of $1,850,000 for
quarter  ended  August  31,  2003, then  $1,500,000  per  quarter
thereafter until the debt is extinguished in January  2006.   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.
The  Company recorded a charge to Other Comprehensive  Income  in
the  amount of $4,982,000 related to its pension plan at February
28,  2003.   SFAS No. 87 required the recognition of  a  "minimum
pension  liability" if, as of a given measurement date, the  fair
value  of the plan's assets is less than its accumulated  benefit
obligation.   The  decline in recent years  of  the  U.S.  equity
markets  has reduced the value of the Company's qualified pension
plan  assets.  The Company estimates the plan assets will  exceed
the  plan's  accumulated benefit obligation in  five  years  with
annual  pension  plan contributions of approximately  $2,500,000.
Capital  expenditures for the three months totaled $842,000.  For
the  full  fiscal year, capital expenditures are expected  to  be
between  $6,000,000  and $8,000,000, 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.

Accounting Standards
--------------------
In December 2002, the Financial Accounting Standards Board (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.  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.  SFAS 148 is effective  for
fiscal  years beginning after December 15, 2003.  The Company  is
currently evaluating SFAS 148.


Results of Operations 2003
--------------------------
Net sales for the three months ended May 31, 2003 increased 12.3%
from the corresponding period in the prior year. This increase is
the  result  of  the  inclusion of  Calibrated  Forms  Co.,  Inc.
(Calibrated) revenues for the full fiscal quarter,  offset  by  a
decrease of 2.6% from the remaining portion of the Forms Solution
Group  and  a  1.4% decrease in the Promotional Solutions  Group.
Revenues in the Financial Solutions Group were flat.  The general
economy  and  industry declines continue to be factors  impacting
each Group.




                               11
<PAGE>

Results of Operations 2003 (Continued)
--------------------------------------
Gross  profit  margins decreased from 26.0% in the  three  months
ended  May  31, 2002 to 25.5% in the three months ended  May  31,
2003.   The  decrease is the result of a combination of  factors.
The  Forms  Solutions  Group gross profit margin  decreased  from
28.8%  in  the  three months ended May 31, 2002 to 25.8%  in  the
three  months  ended May 31, 2003.  The general weakness  in  the
economy  and  the  decline in the forms industry  contributed  to
lower  prices  in  the Forms Solutions Group.  In  addition,  the
gross profit margin decreased due to a combination of lower fixed
cost absorption resulting from decreased sales volumes in certain
plants and a shift in mix to lower margin products. The Financial
Solutions   Group  and  the  Promotional  Solutions   Group   had
relatively  flat gross profit margins for the three months  ended
May 31, 2003 when compared to the prior respective period.

Selling,  general and administrative expenses increased 3.3%  for
the  three  months  ended  May 31,  2003  when  compared  to  the
corresponding  period in the prior year.  This is  primarily  the
result of the inclusion of Calibrated.

Interest  expense  decreased from $338,000 in  the  three  months
ended May 31, 2002 to $287,000 in the three months ended May  31,
2003 due to the decline in interest rates.

Investment  income  decreased from $72,000 in  the  three  months
ended  May 31, 2002 to $14,000 in the three months ended May  31,
2003 due to decreases in interest rates.

The  effective rate of the Federal and state income  tax  expense
was  38.0%  for the three months ended May 31, 2003 and  May  31,
2002.

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.


We  exercise  judgment  in evaluating our long-lived  assets  for
impairment.   The Company assesses the impairment  of  long-lived
assets,  which  includes 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.



                               12
<PAGE>

Critical Accounting Policies and Judgments (Continued)
------------------------------------------------------
Revenue  is  recognized upon shipment for all  printed  products.
Revenue   from   fixed  price  contracts  for  the   design   and
construction  of tools, dies and special machinery is  recognized
using the percentage of completion method of accounting.

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.

Certain Factors That May 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.

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 June 27, 2003.














                               13
<PAGE>

Item 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES OF 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 period ended May 31, 2003.

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
$22.65  million  at May 31, 2003.  The impact  on  the  Company's
results of operations of a one-point interest rate change on  the
outstanding balance of the variable rate financial instruments as
of May 31, 2003 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

The Company maintains disclosure controls and procedures designed
to  ensure  that  it  is able to collect the  information  it  is
required  to disclose in the reports it files with the Securities
and  Exchange  Commission (SEC), and to  process,  summarize  and
disclose  this information within the time periods  specified  in
the rules of the SEC.  Based on their evaluation of the Company's
disclosure controls and procedures which took place as of a  date
within  90  days  of  the filing date of this report,  the  Chief
Executive  and  Chief  Financial  Officers  believe  that   these
controls and procedures are effective to ensure that the  Company
is  able to collect, process and disclose the information  it  is
required to disclose in the reports it files with the SEC  within
the required time periods.

The Company also maintains a system of internal controls designed
to  provide reasonable assurance that:  transactions are executed
in    accordance   with   management's   general   or    specific
authorization;  transactions are recorded  as  necessary  (1)  to
permit  preparation  of financial statements in  conformity  with
generally  accepted accounting principles, and  (2)  to  maintain
accountability for assets; access to assets is permitted only  in
accordance  with management's general or specific  authorization;
and  the recorded accountability for assets is compared with  the
existing assets at reasonable intervals and appropriate action is
taken with respect to any differences.

Since  the  date of the most recent evaluation of  the  Company's
internal  controls  by the Chief Executive  and  Chief  Financial
Officers, there have been no significant changes in such controls
or  in  the other factors that could have significantly  affected
those  controls, including any corrective actions with regard  to
significant deficiencies and material weaknesses.




                               14
<PAGE>

                   PART II. OTHER INFORMATION

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

(a)  The  Company held its Annual Meeting of Shareholders on June
     19, 2003.

(b)  Proxies   for   the  meeting  were  solicited  pursuant   to
     Regulation  14; there was no solicitation in  opposition  to
     management's  nominees  for  directors  listed  in the Proxy
     Statement and all such nominees were elected.

     Directors elected were:

        Nominees for Director    Votes Cast for  Votes Withheld

        Ronald M. Graham           13,599,628       1,145,045
        Robert L. Mitchell         13,627,233       1,117,440
        Thomas R. Price            13,633,585       1,111,088

(c)  Briefly described below are the other matters voted upon at
     the Annual  Meeting and the number of affirmative votes and
     negative votes respectively.

     Selection of Ernst & Young LLP as independent auditors of
     the Company for the fiscal year ending February 29, 2004.

          For                     14,581,026
          Against                     95,255
          Abstain                     68,392
          Broker-non votes                --


Item 6. EXHIBITS AND REPORTS ON FORM 8-K

     (a) Exhibits
         The exhibits as listed on the accompanying index to
         exhibits on  page  21  are  filed  as  part of this Form
         10-Q.

     (b) Reports on Form 8-K
         The Company  filed a report on Form 8-K on June 17, 2003
         regarding the press release announcing its first quarter
         operating results.










                               15
<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 BUSINESS FORMS, INC.


Date June 27, 2003            /s/Harve Cathey
     ---------------------    --------------------------------
                              Harve Cathey
                              Vice President - Finance and CFO,
                              Secretary and Treasurer,
                              Principal Financial and
                              Accounting Officer


































                               16
<PAGE>
                          CERTIFICATION


I, Keith S. Walters, certify that:

1.I  have  reviewed this quarterly report on Form 10-Q  of  Ennis
  Business Forms, Inc.;

2.Based  on my knowledge, this quarterly report does not  contain
  any  untrue  statement of a material fact or omit  to  state  a
  material  fact necessary to make the statements made, in  light
  of  the  circumstances under which such statements  were  made,
  not  misleading  with  respect to the period  covered  by  this
  quarterly report;

3.Based  on  my  knowledge, the financial statements,  and  other
  financial  information  included  in  this  quarterly   report,
  fairly   present  in  all  material  respects   the   financial
  condition,  results  of  operations  and  cash  flows  of   the
  registrant  as  of,  and  for, the periods  presented  in  this
  quarterly report;

4.The   registrant's  other  certifying  officers   and   I   are
  responsible   for   establishing  and  maintaining   disclosure
  controls and procedures (as defined in Exchange Act Rules  13a-
  14 and 15d-14) for the registrant and we have:

     a)    designed  such disclosure controls and  procedures  to
     ensure that material information relating to the registrant,
     including its consolidated subsidiaries, is made known to us
     by  others  within those entities, particularly  during  the
     period in which this quarterly report is being prepared;

     b)     evaluated   the  effectiveness  of  the  registrant's
     disclosure  controls and procedures as of a date  within  90
     days  prior to the filing date of this quarterly report (the
     "Evaluation Date"); and

     c)    presented  in  this quarterly report  our  conclusions
     about  the  effectiveness  of the  disclosure  controls  and
     procedures  based  on our evaluation as  of  the  Evaluation
     Date;

5.The   registrant's  other  certifying  officers  and   I   have
  disclosed,  based  on  our  most  recent  evaluation,  to   the
  registrant's  auditors and the audit committee of  registrant's
  board  of  directors  (or  persons  performing  the  equivalent
  function):

     a)   all significant deficiencies in the design or operation
     of  internal  controls  which  could  adversely  affect  the
     registrant's  ability  to  record,  process,  summarize  and
     report   financial   data  and  have  identified   for   the
     registrant's  auditors any material weaknesses  in  internal
     controls; and

     b)    any  fraud,  whether  or not material,  that  involves
     management or other employees who have a significant role in
     the registrant's internal controls; and

6.The   registrant's  other  certifying  officers  and   I   have
  indicated  in this quarterly report whether or not  there  were
  significant  changes in internal controls or in  other  factors
  that  could  significantly affect internal controls  subsequent
  to  the  date  of  our  most recent evaluation,  including  any
  corrective actions with regard to significant deficiencies  and
  material weaknesses.


/s/ Keith S. Walters

Keith S. Walters
Chief Executive Officer
June 27, 2003


                               17
<PAGE>
                          CERTIFICATION


I, Harve Cathey, certify that:

1.I  have  reviewed this quarterly report on Form 10-Q  of  Ennis
  Business Forms, Inc.;

2.Based  on my knowledge, this quarterly report does not  contain
  any  untrue  statement of a material fact or omit  to  state  a
  material  fact necessary to make the statements made, in  light
  of  the  circumstances under which such statements  were  made,
  not  misleading  with  respect to the period  covered  by  this
  quarterly report;

3.Based  on  my  knowledge, the financial statements,  and  other
  financial  information  included  in  this  quarterly   report,
  fairly   present  in  all  material  respects   the   financial
  condition,  results  of  operations  and  cash  flows  of   the
  registrant  as  of,  and  for, the periods  presented  in  this
  quarterly report;

4.The   registrant's  other  certifying  officers   and   I   are
  responsible   for   establishing  and  maintaining   disclosure
  controls and procedures (as defined in Exchange Act Rules  13a-
  14 and 15d-14) for the registrant and we have:

     a)    designed  such disclosure controls and  procedures  to
     ensure that material information relating to the registrant,
     including its consolidated subsidiaries, is made known to us
     by  others  within those entities, particularly  during  the
     period in which this quarterly report is being prepared;

     b)     evaluated   the  effectiveness  of  the  registrant's
     disclosure  controls and procedures as of a date  within  90
     days  prior to the filing date of this quarterly report (the
     "Evaluation Date"); and

     c)    presented  in  this quarterly report  our  conclusions
     about  the  effectiveness  of the  disclosure  controls  and
     procedures  based  on our evaluation as  of  the  Evaluation
     Date;

5.The   registrant's  other  certifying  officers  and   I   have
  disclosed,  based  on  our  most  recent  evaluation,  to   the
  registrant's  auditors and the audit committee of  registrant's
  board  of  directors  (or  persons  performing  the  equivalent
  function):

     a)   all significant deficiencies in the design or operation
     of  internal  controls  which  could  adversely  affect  the
     registrant's  ability  to  record,  process,  summarize  and
     report   financial   data  and  have  identified   for   the
     registrant's  auditors any material weaknesses  in  internal
     controls; and

     b)    any  fraud,  whether  or not material,  that  involves
     management or other employees who have a significant role in
     the registrant's internal controls; and

6.The   registrant's  other  certifying  officers  and   I   have
  indicated  in this quarterly report whether or not  there  were
  significant  changes in internal controls or in  other  factors
  that  could  significantly affect internal controls  subsequent
  to  the  date  of  our  most recent evaluation,  including  any
  corrective actions with regard to significant deficiencies  and
  material weaknesses.


/s/ Harve Cathey

Harve Cathey
Chief Financial Officer
June 27, 2003


                               18
<PAGE>
                        INDEX TO EXHIBITS



  Exhibit 99.1   Certification Pursuant to 18 U.S.C. Section
                 1350, as Adopted Pursuant to Section 906 of
                 the Sarbanes-Oxley Act of 2002
  Exhibit 99.2   Certification Pursuant to 18.U.S.C.  Section
                 1350, as Adopted Pursuant to Section 906 of
                 the Sarbanes-Oxley Act of 2002








































                               19
<PAGE>