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, 2005
                 ------------------------------------------------

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.)

   2441Presidential 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 Act).
                                             Yes  X     No
                                                 ----      -----
The  number of shares of the registrant's Common Stock, par value
$2.50, outstanding at May 31, 2005 was 25,451,749.

<PAGE>


                           ENNIS, INC.

                              INDEX


    Part I.   Financial information - unaudited

       Item 1 - Financial Statements
          Condensed Consolidated Balance Sheets --
            May 31, 2005 and February 28, 2005         2 - 3

          Condensed Consolidated Statements of
            Earnings -- Three Months Ended
            May 31, 2005 and 2004                        4

          Condensed Consolidated Statements of Cash
            Flows --Three Months Ended
            May 31, 2005 and 2004                        5

          Notes to Condensed Consolidated Financial
            Statements                                 6 - 11

       Item 2 - Management's Discussion and Analysis
          of FinancialCondition and Results
          of Operations                               12 - 25

       Item 3 - Quantitative and Qualitative
          Disclosures of Market Risk                     26

       Item 4 - Controls and Procedures               26 - 27

    Part II. Other Information

       Item 6 - Exhibits and Reports on Form 8-K         28

    Signatures                                           29


<PAGE>

                 PART I.  FINANCIAL INFORMATION

Item 1.  FINANCIAL STATEMENTS

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



                                          May 31,   February 28,
                                           2005         2005
                                           ----         ----
                                        (unaudited)
                       Assets
                       ------

Current assets:
    Cash and cash equivalents            $  6,894      $  10,694
    Accounts receivable, net               45,340         46,685
    Prepaid expenses                        5,610          5,162
    Inventories                            75,639         79,900
    Other current assets                    6,751          6,732
                                          -------        -------
               Total current assets       140,234        149,173
                                          -------        -------

Property, plant and equipment, net         72,627         72,019

Goodwill                                  178,838        178,472

Trademarks, net                            62,053         62,090

Purchased customer list, net               22,865         23,275

Other assets                               10,411         12,217
                                          -------        -------

                                         $487,028       $497,246
                                          =======        =======




                                                      (Continued)

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


                                          May 31,    February 28,
                                           2005          2005
                                           ----          ----
                                        (unaudited)
  Liabilities and Shareholders' Equity
  ------------------------------------

  Current liabilities:
     Accounts payable                   $ 29,378     $ 33,887
     Accrued expenses:
         Employee compensation and
           benefits                       14,602       16,135
         Federal and state income tax
           payable                         7,103        1,389
         Taxes other than income           2,469        3,154
         Other                             3,699        5,116
     Current installments of long-term
       debt                               17,860       21,702
                                         -------      -------
               Total current
                 liabilities              75,111       81,383
                                         -------      -------

  Long-term debt, less current
    installments                         102,149      112,342

  Deferred credits, principally income
    taxes                                 31,140       31,790

  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 May
     31, 2005 and February 28, 2005       75,134       75,134
     Additional paid in capital          123,640      123,640
     Retained earnings                   162,975      156,666
     Accumulated other comprehensive
     income (loss)                           (16)           6
                                         -------      -------
                                         361,733      355,446

     Treasury stock:
        Cost of 4,601,694 shares at
     May 31, 2005 and 4,635,444 shares
     at February 28, 2005,
     respectively                        (83,105)     (83,715)
                                         -------      -------

               Total shareholders'
               equity                    278,628      271,731
                                         -------      -------

                                        $487,028     $497,246
                                         =======      =======

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)

                                           Three Months Ended
                                                 May 31,
                                             2005        2004
                                             ----        ----

  Net sales                                $149,113    $65,736

  Costs and expenses:
     Cost of sales                          111,635     48,676
     Selling, general and
     administrative                          17,837      9,386
                                            -------    -------

                                            129,472     58,062
                                            -------    -------

  Earnings from operations                   19,641      7,674
                                            -------    -------

  Other expense:
     Interest expense                        (2,243)      (134)
     Other expense, net                         (90)       (76)
                                            -------    -------

                                             (2,333)      (210)
                                            -------    -------

  Earnings before income taxes               17,308      7,464

  Provision for income taxes                  6,750      2,882
                                            -------    -------

  Net earnings                             $ 10,558    $  4,582
                                            =======     =======

  Weighted average number of common
       shares outstanding - basic        25,426,595  16,406,631
     Plus incremental shares from
     assumed exercise of stock options      265,962     287,919
                                         ----------  ----------
  Weighted average number of common
       shares outstanding - diluted      25,692,557  16,694,550
                                         ==========  ==========

  Per share amounts:
     Net earnings - basic                     $.42        $.28
                                              ====        ====
     Net earnings - diluted                   $.41        $.27
                                              ====        ====
     Cash dividends per share                $.155       $.155
                                             =====       =====

See accompanying notes to condensed consolidated financial
statements.



                                4

<PAGE>

                           ENNIS, INC.

         CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                     (Dollars in Thousands)
                           (Unaudited)
                                              Three Months Ended
                                                    May 31,
                                               2005        2004
                                               ----        ----
 Cash flows from operating activities:
    Net earnings                             $10,558      $4,582
    Adjustments to reconcile net earnings
       to net cash provided by operating
       activities:
          Depreciation                         3,908       2,209
          Amortization of trademark and
          customer list                          479          33
          Gain on the sale of equipment           (2)         (3)
          Bad debt expense                       369         201
          Changes in operating assets and
          liabilities:
            Receivables                          976          97
            Prepaid expenses                    (448)        322
            Inventories                        4,261         458
            Other current assets                 (19)          6
            Accounts payable and accrued
            expenses                          (2,431)      3,375
            Other assets and liabilities       1,103         398
                                              ------      ------

            Net cash provided by operating
            activities                        18,754      11,678
                                              ------      ------

 Cash flows from investing activities:
    Capital expenditures                      (4,521)     (2,139)
    Proceeds from disposal of property
                                                   7           7
    Additional costs related to acquisition     (366)         --
                                              ------      ------

            Net cash used in investing
            activities                        (4,880)     (2,132)
                                              ------      ------

 Cash flows from financing activities:
    Debt issued                                5,000          --
    Repayment of debt                        (19,035)     (1,500)
    Dividends                                 (3,940)     (2,542)
    (Purchase)/issue of treasury stock, net      301         282
                                              ------      ------

            Net cash used in financing
            activities                       (17,674)     (3,760)
                                              ------      ------

 Net change in cash and cash equivalents      (3,800)      5,786
 Cash and cash equivalents at beginning of
 period                                       10,694      15,067
                                              ------      ------

 Cash and cash equivalents at end of period   $6,894     $20,853
                                              ======      ======


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 May 31, 2005
   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, 2005, from  which  the
   accompanying condensed consolidated balance sheet at  February
   28,  2005  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
   -----------------------------------------------
   At  May  31, 2005, 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 1,155,652 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.   For the three-month periods ended May 31,  2005  and
   2004,  35,000  and 35,000 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.

   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."   Under  APB  No. 25,  compensation  expense  for
   fixed  awards  is based upon the difference, if  any,  on  the
   date  of  the  grant between the estimated fair value  of  the
   Company's  stock and the exercise price and is amortized  over
   the  vesting period.  All stock-based awards to non-employees,
   if  any,  are accounted for at their fair value.  The  Company
   is  required to disclose the pro forma net income if the  fair
   value method defined in SFAS No. 123 has been applied.
                                6
   <PAGE>

   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):

      For the Three Months Ended May 31,   2005      2004
                                           ----      ----

      Net earnings:
       As reported                       $10,558     $4,582
       Deduct:  Stock-based Employee
       compensation expense not included
       in reported income, net of
       related tax effects                    12         10
                                          ------      -----
       Pro forma                         $10,546     $4,572
                                          ======      =====

      Net earnings per share:
       As reported - basic                  $.42       $.28
       Pro forma - basic                     .41        .28

       As reported - diluted                 .41        .27
       Pro forma - diluted                   .41        .27

   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.   The
   changes in Shareholders' equity during the three months  ended
   May  31,  2005  is from earnings, dividends paid  and  options
   exercised.

3. Employee Benefit Plans
   ----------------------
   The  following table provides the components of  net  periodic
   benefit cost for the three months ended May 31, 2005 and  2004
   (in thousands):

                                 May 31, 2005  May 31, 2004
                                 ------------  ------------
       Components of net
         periodic benefit cost:
       Service cost                  $356          $367
       Interest cost                  611           604
       Expected return on assets     (693)         (666)
       Amortization of:
          Prior service cost         (36)          (36)
          Unrecognized net loss       264           267
                                     ----          ----

       Net periodic benefit cost     $502          $536
                                     ====          ====

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,  2006, 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 2006.

                                7
<PAGE>

4. Inventories
   -----------
   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 and all apparel inventory at the  lower
   of   first-In, first-Out (FIFO) cost or market.  The following
   table  summarizes the components of inventory at the different
   stages of production (in thousands of dollars):

                                   May 31,   February 28,
                                    2005         2005
                                    ----         ----

             Raw material         $26,992     $26,717
             Work-in-process       16,514      17,669
             Finished goods        32,133      35,514
                                   ------      ------

                                  $75,639     $79,900
                                   ======      ======


5. Intangible Assets
   -----------------
   The  Company  has  adopted the provisions  of  SFAS  No.  142,
   Goodwill  and  other  Intangible Assets, which  requires  that
   goodwill  and other intangible assets be tested for impairment
   annually  and  when  an  event occurs indicating  that  it  is
   possible an impairment exists.

   Intangible assets with determinable lives are amortized  on  a
   straight-line basis over the estimated useful life.  The  cost
   of  trademarks  is  based  on  fair  values  at  the  date  of
   acquisition.   Trade  names with determinable  lives  have  an
   aggregate  value of $1,234,000, less accumulated  amortization
   of  $181,000 and $144,000 as of May 31, 2005 and February  28,
   2005,    respectively.    Amortization   expense   for   these
   intangibles  will be $149,000 in each of the  five  succeeding
   years.   Trademarks with indefinite-lived  lives  with  a  net
   book  value  of $61,000,000 at May 31, 2005 are evaluated  for
   impairment on an annual basis.

   Purchased   customer  lists  have  an   aggregate   value   of
   $23,760,000,  less accumulated amortization  of  $895,000  and
   $485,000   as  of  May  31,  2005  and  February   28,   2005,
   respectively.   Amortization  expense  for  these  intangibles
   will be $1,643,000 in each of the five succeeding years.

6. Accumulated other comprehensive income (loss)
   ---------------------------------------------
   Accumulated other comprehensive income (loss) consists of  the
   unrealized  portion  of  changes in  the  fair  value  of  the
   Company's  cash  flow hedge and foreign currency  translation.
   Comprehensive  income was approximately  $10,536,000  for  the
   three  months ended May 31, 2005 and $4,639,000 for the  three
   months  ended  May  31,  2004.  Amounts  charged  directly  to
   Shareholder's  Equity related to the Company's  interest  rate
   swap  and foreign currency translation are included in  "other
   comprehensive income."







                                8
<PAGE>

7. 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  $98,074,000   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.  Customer list  valued  at
   $22,000,000  at  date  of acquisition is  amortized  over  its
   useful  life  and  trademarks valued at  $61,000,000  with  an
   indefinite  amount is evaluated for impairment  on  an  annual
   basis.   Approximately  $37,774,000  of  goodwill  related  to
   Alstyle  acquisition  is deductible  for  tax  purposes.   The
   Company   is   continuing  to  determine  the   valuation   of
   liabilities.   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                  98,074
                                     -------

Purchase price of Alstyle           $246,486
                                     =======


   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.

   Effective   June   30,   2004,  the  Company   completed   its
   acquisition  of  all of the outstanding stock  of  Crabar/GBF,
   Inc.   (Crabar/GBF)   for   approximately   $18,000,000   with
   consideration  in  the  form of debt assumed  and  cash.   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  bank  loans
   with the balance being provided by internal cash resources

   The  company  has  recognized certain costs  related  to  exit
   activities   and   integration  costs  attributable   to   the
   Crabar/GBF  acquisition.  These costs  totaling  approximately
   $1,500,000  were recognized as part of the assumed liabilities
   and   included   in   "Other  -  Accrued  Expenses"   in   the
   Consolidated Balance Sheet.  The costs were primarily  related
   to  contracts related to previous owners.  Other costs include
   lease exit costs and severance payments.

   The  following  is a summary of the purchase price  allocation
   at February 28, 2005 (in thousands):
                                9
   <PAGE>

                                 Crabar/GBF   Royal    Alstyle
                                 ----------   -----    -------
   Cash                            $    133   $   601    $3,187
   Accounts receivable, net           7,553     1,125     4,457
   Other receivables                  1,082        --       639
   Prepaid expenses                     298        76     1,451
   Other current assets                  --       211     1,697
   Inventories                        4,435     1,985    55,801
   Fixed assets                       8,087       808    21,033
   Goodwill                           5,956        --   138,134
   Trademarks                            80        --    61,000
   Customer list                      1,760        --    22,000
   Other identifiable                    92        --     3,763
   intangibles
   Accounts payable and accrued      11,476     1,106    66,676
   liabilities
                                    -------     -----   -------
                                   $ 18,000   $ 3,700  $246,486
                                    =======    ======   =======

   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, 2004, 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 May 31,      2004
                                                  ----
          Net  sales                             $ 151,285
          Net earnings                               9,028
          Net earnings per share - basic               .35
          Net earnings per share - diluted            .35

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

8. Segment Data
   ------------
   The  Company  operates  in  two  operational  segments  -  the
   Printing Segment and the Apparel Segment.  The first group  in
   the  Printing segment, the 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  second  group  in  the
   Printing   Segment,   the  Promotional  Solutions   Group   is
   primarily  engaged  in the business of design,  manufacturing,
   and    distribution   of   printed   and   electronic   media,
   presentation  products,  flexographic  printing,   advertising
   specialties  and  Post-it (registered trademark)  Notes.   The
   third  group in the Printing Segment, the Financial  Solutions
   Group,  designs, manufactures and markets  printed  forms  and
   specializes  in  internal bank forms,  secure  and  negotiable
   documents  and  custom  products.   The  second  segment,  the
   Apparel  Solutions Group, which consists of the newly acquired
   Alstyle,  is primarily engaged in the production and  sale  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 months ended May 31, 2005 and 2004
      were as follows (in thousands):

                               10
   <PAGE>
   <TABLE>
  <CAPTION>                                         Apparel
                        Printing Segment            Segment
                        ----------------            -------
                  Forms     Promotional  Financial    Apparel
                Solutions   Solutions   Solutions   Solutions             Consolidated
                  Group       Group       Group       Group    Corporate     Totals
                  -----       -----       -----       -----    ---------     ------
  <S>           <C>         <C>        <C>         <C>        <C>        <C>

  Three months ended May 31, 2005:
    Net sales    $46,479    $22,522     $11,723     $ 68,389  $    --      $149,113
    Depreci-
    ation            837        593         409        1,909      160         3,908
    Amortiza-
    tion of
    trademark         90         --          --          389       --           479
    Segment earnings
    (loss) before
    income tax     5,281      3,886       1,924        8,367   (2,150)       17,308
    Segment
    assets        86,115     42,296      32,848      311,801   13,968       487,028
    Capital
    expendi-
    tures            107        121         101        3,868      324         4,521

  Three months ended May 31, 2004:
    Net sales    $34,562    $19,462    $  11,712     $    --   $   --      $ 65,736
    Depreci-
    ation            776        626         702           --      105         2,209
    Amortiza-
    tion of
    trademark         33         --          --           --       --            33
    Segment earnings
    (loss) before
    income tax     5,536      2,163       1,486           --   (1,721)        7,464
    Segment
    assets        80,246     34,842      35,331           --    7,610       158,029
    Capital
    expendi-
    tures            267        241         100           --    1,531         2,139

</TABLE>
"Post-it" is a registered trademark of 3M.

9.Derivative Financial Instruments and Hedging Activities
  -------------------------------------------------------
  The  Company's  interest rate swap is 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.   The
  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  $4,500,000 at May
  31, 2005.  The  fair  value  of  the swap at  May 31, 2005 was
  approximately $4,000 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.






                                       11
<PAGE>


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

Overview
--------
Ennis,  Inc. (formerly Ennis Business Forms, Inc.) was  organized
under   the  laws  of  Texas  in  1909.   Ennis,  Inc.  and   its
subsidiaries  (collectively known as "Ennis"  or  the  "Company")
prints  and constructs a broad line of business forms  and  other
business products and also manufactures a line of activewear  for
distribution throughout North America.  Distribution  of  all  of
these  products  throughout  the  United  States  and  Canada  is
primarily  through  independent  dealers  and  with  respect   to
activewear   products,   through  sales  representatives.    This
distributor  group  encompasses print  distributors,  stationers,
quick   printers,   computer  software   developers,   activewear
wholesalers,  screen  printers and  advertising  agencies,  among
others.

During  the  fiscal  year ended February 28,  2005,  the  Company
acquired Crabar/GBF, Inc. (Crabar/GBF) and Royal Business  Forms,
Inc.  (Royal) and merged with Centrum Acquisition, Inc.  and  its
wholly  owned subsidiary, which did business under  the  name  of
Alstyle Apparel, Inc. (collectively Alstyle).  Alstyle was merged
into a wholly owned subsidiary of the Company.  Crabar/GBF was  a
privately  owned business forms manufacturer with $69 million  in
revenues  in its most recent fiscal year.  The purchase price  of
this  transaction was $18 million in cash and assumed debt.   The
transaction closed as of June 30, 2004.  On November 1, 2004  the
Company  announced an agreement to acquire Royal,  an  Arlington,
Texas  based manufacturer of business forms for $3.7  million  in
Ennis stock.  Approximately 178,000 shares of treasury stock were
issued  in this transaction.  Royal had revenues of $12.1 million
in  its most recent fiscal year.  Alstyle, an Anaheim, California
based  company had approximately $200 million in annual  revenues
and  3,500  employees  in  North  America  at  the  time  of  the
announcement  of  the merger on June 25, 2004.   The  transaction
provided that the Alstyle shareholders would receive Ennis shares
based  upon  a  $242  million  valuation  of  Alstyle  less  debt
outstanding  as  of  the  day of the merger  (approximately  $104
million).  This amount, plus cost of acquisition, totaled  $246.5
million.   On  November 4, 2004, Ennis shareholders approved  the
issuance of 8,803,583 shares of Ennis common stock to enable  the
completion of this merger which was closed on November 19,  2004.
The  Company  also  entered  into a new  $150  million  financing
facility  with  LaSalle Bank, N.A. providing a $50  million  term
loan  and a $100 million revolver in conjunction with the Alstyle
merger.   All of these transactions are explained in more  detail
in  Management's  Discussion and Analysis and  Footnotes  of  the
Company's 2005 Annual Report.

In February of 2005, the Company announced a change in management
in which the Forms Solutions, Promotional Solutions and Financial
Solutions  Groups  began reporting to a newly  created  executive
officer position.  This officer reports to the President and CEO,
as  does the President of the Apparel Group.  As discussed in the
Form  10-K  filed on May 17, 2005, beginning this fiscal  quarter
the  Company  will  report  on  two operational  segments  -  the
Printing  Segment and the Apparel Segment.  The Printing  Segment
combines  all of the Company's printing operations into a  single
segment for both management and reporting purposes.




                               12
<PAGE>

Business Segment Overview
-------------------------

Printing Segment
----------------
Forms  Solutions  Group  -  The Forms  Solutions  Group  operates
through  17 manufacturing locations throughout the United States.
The  Forms  Solutions  Group sells through  approximately  40,000
private printers and independent distributors and therefore sales
reflect a smaller percentage of selling expense than would  exist
in  companies  who market directly to the end use.  The  products
sold include snap sets, continuous forms, laser cut sheets, tags,
labels,  integrated products, jumbo rolls and pressure  sensitive
products  in short, medium and long runs.  The Group sells  under
the Ennis, Royal, Witt Printing and Calibrated brand names.

Promotional  Solutions  Group - The Promotional  Solutions  Group
operates  7 facilities in four states.  The group operates  under
the   Adams-McClure  brand  (which  provides  Point  of  Purchase
advertising for large franchise and fast food chains as  well  as
kitting  and  fulfillment);  the  Admore  brand  (which  provides
presentation  folders and document folders); Ennis  Tag  &  Label
(which  provides  tags  and  labels,  promotional  products   and
advertising concept products) and GenForms (which provides short-
run  and  long-run  label production).  With  respect  to  Adams-
McClure,  the business is generally provided through  advertising
agencies.    The   other  facilities  receive  business   through
independent distributors.

Financial  Solutions  Group   -  The  Financial  Solutions  Group
operates  in 4 facilities located in three states.  The Financial
Group  sells  directly to customers and to  resellers  through  a
sales   staff   (Northstar)  as  well  as  through   distributors
(Northstar and GFS).  Northstar has redirected its focus to large
banking  organizations on a direct basis (where a distributor  is
not  acceptable  or available to the end-user) and  has  acquired
several of the top 200 banks in the United States and is actively
working on other large banks within the top 200 tier of banks  in
the United States.

Apparel Segment
---------------
Apparel  Solutions Group  -  The Apparel Segment operates through
6  manufacturing  facilities in California and  Mexico.   Alstyle
markets  high quality knit basic activewear (t-shirts, tank  tops
and  fleece)  across all market segments.  Approximately  88%  of
Alstyle's  revenues are derived from t-shirt sales,  and  94%  of
those  are  domestic sales.  Alstyle's branded product lines  are
AAA, Gaziani, Diamond Star and Tennessee River.

Alstyle  is headquartered in Anaheim, California where they  knit
domestic  cotton yarn and some polyester fibers are knitted  into
tubular material. The material is dyed at that facility and  then
shipped  to plants in Ensenada or Hermosillo, Mexico to  cut  and
sewn  into  finished goods. Alstyle also ships a small amount  of
their  dyed  and  cut product to El Salvador or  Costa  Rica  for
sewing.  After  sewing  and packaging is  completed,  product  is
reshipped   to  Anaheim  where  it  is  either  stored   at   the
distribution  center in Anaheim, or re-directed  to  distribution
centers  in  Los Angeles, California; Chicago, Illinois;  Dallas,
Texas;   Philadelphia,   Pennsylvania;   Atlanta,   Georgia    or
Mississauga, Canada.

Alstyle utilizes a customer-focused internal sales team comprised
of  19  sales  representatives assigned  to  specific  geographic
territories   in   the   United   States   and   Canada.    Sales
representatives  are allocated performance objectives  for  their
respective territories and are provided financial incentives  for
achievement of their target objective. Sales representatives  are
responsible for developing business with large accounts and spend
approximately half their time in the field.

                               13
<PAGE>

Alstyle employs a staff of customer service representatives  that
handle  call-in  orders from smaller customers.  Sales  personnel
sell   directly  to  Alstyle's  customer  base,  which   consists
primarily of screen printers, embellishers, retailers,  and  mass
marketers.

A  majority  of  Alstyle's sales are related to direct  customer,
branded  products and the remainder related to private label  and
re-label  programs. Generally, sales to screen printers and  mass
marketers are driven by the availability of competitive  products
and  price  considerations,  while sales  in  the  private  label
business are characterized by slightly higher customer loyalty.

Alstyle's most popular styles are produced based on forecasts  to
permit  quick shipment and to level production schedules. Alstyle
offers  same-day shipping and uses third party carriers  to  ship
products to its customers.

Alstyle's sales are seasonal, with sales in the first and  second
quarters  generally  being  the  highest.  The  general   apparel
industry  is  characterized by rapid shifts in fashion,  consumer
demand  and  competitive pressures, resulting in both  price  and
demand volatility. However, the imprinted activewear market  that
Alstyle sells to is "event" driven. Blank t-shirts can be thought
of  as  "walking  billboards" promoting movies, concerts,  sports
teams,  and  "image" brands. Still, the demand for any particular
product  varies from time to time based largely upon  changes  in
consumer  preferences  and general economic conditions  affecting
the apparel industry.


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

Cash Flow
Cash  provided by operating activities for the quarter  ended  in
May 2005 was $18.8 million, compared to $11.7 million in the same
quarter of the prior year.  The increase is primarily due to  the
contributions  of  the entities (Crabar/GBF, Royal  and  Alstyle)
added to the Company in fiscal year 2005.  Cash flow was utilized
for  payment of dividends, capital expenditures and repayment  of
debt.  Due to the cyclical nature of the Alstyle operation,  cash
flow  from  operations in the remaining quarters is  expected  to
fall in relation to Alstyle's quarterly activity.

Working Capital
Working  capital  at  the end of May 2005 was  $65.1  million,  a
decrease of $2.7 million from February 2005. The current ratio at
the end of the current quarter was 1.9 to 1, a slight improvement
from  the  end  of  the  fiscal year.   The  Company's  cash  and
equivalents  at  the end of the quarter were $6.9  million,  down
from  the  end  of February 2005 primarily as a  result  of  debt
repayments.

Credit Facility
In  March 2005, the Company borrowed an additional $5 million  on
the revolver.  These funds, along with internally generated funds
were  used  to pay-off approximately $7.2 million in  capitalized
and  operating  leases from Alstyle.  During the balance  of  the
quarter,  the  Company repaid $10 million on the  revolver,  $2.5
million  on  the  term  loan, and an  addition  $1.4  million  in
capitalized  leases  and  met  other  regularly  scheduled   debt
payments,  all  from  cash generated from  operations.   For  the
remainder  of  the  fiscal year, the Company  expects  to  retire
another  $7.5  million  on the term loan, plus  approximately  $6
million to $7 million of other debt.  It is anticipated that  the
available  line of credit is sufficient to cover,  should  it  be
required,   working  capital  requirements  for  the  foreseeable
future.
                               14
<PAGE>

As  previously  reported, Alstyle continues to sell substantially
all  of  its  account receivable to factors based upon agreements
with  various financial institutions.  The Company continues with
plans to fund these receivables through the existing bank line or
from  working capital generated by Alstyle over the next year  or
two.

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,  2006, 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 2006.

Inventory
The  Company believes current inventory levels are sufficient  to
satisfy  customer demand and anticipates having adequate  sources
of  raw  materials  to  meet future business  requirements.   The
previously  reported  long-term contracts  with  paper  and  yarn
suppliers  continue to be in effect.  Inventory  values  declined
during  the  quarter  primarily as  a  result  of  Alstyle  sales
exceeding their production of finished goods in each month of the
quarter.

Capital Expenditures
In  March 2005, the Company acquired ownership of certain assets,
which  had  been held by Alstyle under operating  leases.   These
capital expenditures of approximately $3.8 million were above and
beyond  the previously reported expected capital expenditures  of
$5  million to $7 million for the current fiscal year.  Including
these  expenditures, the Company now expects capital requirements
for the fiscal year to be between $9 million and $11 million, and
expects   to   generate  sufficient  cash  flow  from   operating
activities to fund any capital requirements.

Commitments
There   have   been  no  material  changes  in  our   contractual
obligations since fiscal year-end 2005 outside the normal  course
of business.

















                               15
<PAGE>
Accounting Standards
--------------------

In  November  2004,  the  Financial  Accounting  Standards  Board
("FASB")  issued  Statement  of  Financial  Accounting  Standards
("SFAS") No. 151, "Inventory Costs - an amendment of ARB No.  43,
Chapter  4". This statement clarifies the accounting for abnormal
amounts  of  idle  facility expense, freight handling  costs  and
wasted  material (spoilage). This statement requires  that  these
types of costs be recognized as current period charges. SFAS  No.
151  is  effective  prospectively for  inventory  costs  incurred
during  fiscal years beginning after June 15, 2005, with  earlier
application permitted for such costs incurred during fiscal years
beginning after November 24, 2004. Management does not expect the
adoption  of  SFAS No. 151 to have a significant  impact  on  the
Company's financial statements as the Company's current method of
accounting for inventory costs are consistent with this standard.

In  December  2004, the FASB issued SFAS No. 153,  "Exchanges  of
Nonmonetary  Assets - an amendment of APB Opinion No.  29".  SFAS
No.  153  amends Accounting Principles Board ("APB")  Opinion  29
concerning  the  accounting for exchanges of  similar  productive
assets. Such transactions should be accounted for at fair  value,
the  basic  principle  for nonmonetary transactions,  unless  the
exchange lacks commercial substance. The effective date  of  SFAS
No. 153 is for nonmonetary asset exchanges taking place in fiscal
years  beginning after December 16, 2004. The Company has adopted
SFAS  No. 153 effective March 1, 2005.  Adoption of this standard
did  not  have  a  significant impact on the Company's  financial
statements.

In  December  2004, the FASB issued SFAS No. 123 (revised  2004),
"Share   Based  Payment".  This  statement  replaces  SFAS   123,
"Accounting  for  Stock-Based Compensation," and  supersedes  APB
Opinion 25, "Accounting for Stock Issued to Employees." SFAS  No.
123  (revised 2004) requires that the cost of share-based payment
transactions  (including those with employees and  non-employees)
be  recognized as compensation costs in the financial statements.
SFAS  No.  123 (revised 2004) applies to all share-based  payment
transactions  in which an entity acquires goods  or  services  by
issuing  (or  offering to issue) its shares,  share  options,  or
other equity instruments (except for those held by an ESOP) or by
incurring  liabilities in amounts based (even  in  part)  on  the
price of the entity's shares or other equity instruments, or that
require  (or  may  require) settlement  by  the  issuance  of  an
entity's  shares  or  other  equity instruments.  This  statement
applies  to  all  new  awards  granted  during  the  fiscal  year
beginning  after  June 15, 2005 and to previous awards  that  are
modified  or  cancelled after such date. We have  not  yet  fully
evaluated  the  effect  of SFAS No. 123  (revised  2004)  on  our
financial  statements  and  have not  determined  the  method  of
adoption we will use to implement SFAS No. 123 (revised 2004).

In  December 2004, the FASB issued FSP FAS 109-1, "Application of
FASB Statement No. 109, "Accounting for Income Taxes," to the Tax
Deduction  on  Qualified Production Activities  Provided  by  the
American Jobs Creation Act of 2004 (AJCA)." The AJCA introduces a
special 9% tax deduction on qualified production activities.  FSP
FAS  109-1  clarifies that this tax deduction should be accounted
for  as a special tax deduction in accordance with Statement 109.
Based upon the Company's preliminary evaluation of the effects of
this  guidance, we do not believe that it will have a significant
impact on the Company's financial statements.





                               16
<PAGE>

In  December 2004, the FASB issued FSP FAS 109-2, "Accounting and
Disclosure   Guidance  for  the  Foreign  Earnings   Repatriation
Provision  within the American Jobs Creations Act of  2004."  The
AJCA  introduces a limited time 85% dividends received  deduction
on  the  repatriation  of  certain foreign  earnings  to  a  U.S.
taxpayer (repatriation provision), provided certain criteria  are
met.  FSP  FAS 109-2 provides accounting and disclosure  guidance
for the repatriation provision.

Based upon the Company's preliminary evaluation of the effects of
the  repatriation provision, we do not believe that it will  have
any impact on the Company's financial statements.

During  March  2005,  the Securities Exchange  Commission  issued
Staff  Accounting Bulletin ("SAB") No. 107, guidance on SFAS  No.
123 (revised 2004). SAB No. 107 was issued to assist preparers by
simplifying some to the implementation challenges of SFAS No  123
(revised  2004)  while enhancing the information  that  investors
receive. The Company will consider the guidance provided  by  SAB
No.  107  as  it  implements SFAS No. 123 (revised  2004)  during
fiscal 2006.

In  May  2005, the FASB issued SFAS No. 154, "Accounting  Changes
and   Error   Corrections".   SFAS  No.  154  amends   Accounting
Principles Board (APB) Opinion 20, concerning the accounting  for
changes   in   accounting  principles,  requiring   retrospective
application to prior periods' financial statements of changes  in
an  accounting principle, unless it is impracticable  to  do  so.
The  effective date of SFAS No. 154 is for accounting changes and
corrections  of  errors  made  in fiscal  years  beginning  after
December 15, 2005. The Company will adopt SFAS No. 154 in  fiscal
2007  and does not expect it to have a significant impact on  the
Company's financial statements.

Results of Operations - Consolidated
------------------------------------
Net  sales for the quarter ended in May 2005 were $149.1 million,
an increase of 126.8% over the same quarter in the prior year and
a  10.9  % increase over the prior quarter.  The change from  the
prior  year quarter was driven by the acquisitions of Crabar/GBF,
Royal  and  Alstyle.   The  change from  the  prior  quarter  was
primarily attributable to increased revenues from Alstyle.  Gross
margins  for  the quarter ended May 2005 were 25.1%, compared  to
26%  in  the  prior year quarter and 23.4% in the prior  quarter.
The  change from the prior year was attributable to the  addition
of  Alstyle,  which experienced gross margins  of  24.4%  in  the
current  quarter.   The  improvement in margins  from  the  prior
quarter  is attributable both to the change in margins at Alstyle
which  experienced margins of 23.3% in the prior quarter  and  to
improved  margins  in the rest of the Company.  Selling,  general
and  administrative  expenses were $17.8 million  (12.0%  of  net
sales) in the quarter ended in May 2005, compared to $9.4 million
(14.3%  of net sales) in the prior year quarter and $18.1 million
(13.5% of net sales) in the prior quarter.  The increase from the
prior  year  is  attributable to the acquisitions of  Crabar/GBF,
Royal  and  Alstyle.   The $.3 million decrease  from  the  prior
quarter is spread among all operating entities.  The increase  in
interest expense from the prior year quarter to the current  year
is  the  result of the debt incurred or assumed from the  Alstyle
transaction.   The slight increase in interest expense  from  the
prior  quarter is the result of interest penalties from the early
pay-off of certain of the capitalized leases.

The  effective  income tax rate in the current  year  quarter  is
slightly  higher than the prior year quarter and  less  than  the
prior  quarter.  Going forward it is expected that the  effective
tax rate will stay in the range from 38.9% to 39.3%.


                               17
<PAGE>

Results of Operations - Printing Segment

Forms  Solutions  Group  --  Net sales in the  group  were  $46.5
million, an increase of $11.9 million from the prior year quarter
and  a  decrease  of  $3  million from the  prior  quarter.   The
increase  from the prior year is the result of $10.4  million  in
sales from the Crabar/GBF entities and $2.8 million in sales from
Royal, offset by a $1.3 million decline in pre-acquisition units.
The  decrease  from  the prior quarter was a  reflection  of  the
ongoing  industry shrinkage.  Gross margins in the group declined
from the prior year quarter to the current year.  The decline  is
the  result of the addition of the Crabar/GBF units to the group.
Margins  at  the Crabar/GBF units, primarily due to the  long-run
nature  of their business, were general 10% to 14% less than  the
margins historically earned by the pre-acquisition units  of  the
group.   Since Royal and all of the Crabar/GBF units were in  the
group  in  both  the current quarter and the prior  quarter,  the
change in margins for those two periods was less significant.

Promotional  Solutions Group  --  Net sales for  the  group  were
$22.5  million in the quarter, compared to $19.5 million  in  the
prior  year and $21.1 million in the prior quarter.  The increase
from  the  prior year quarter was primarily attributable  to  the
addition  of  the Cerritos facility to the group.   The  increase
from  the prior quarter was the result of increased sales in  all
of  group's  operating units except Cerritos which experienced  a
$.1  million  decline  from  the prior  quarter.   Gross  margins
improved in the current year for all of the pre-acquisition units
as  a  result  of  manufacturing efficiencies and  cost  savings.
Gross  margins continued to improve in all units from  the  prior
quarter to the current quarter for similar reasons.

Financial Solutions Group  --  Net sales for the group were $11.7
million  in both the current quarter and the prior year  quarter.
In  the  prior  quarter,  net sales were  $12.2  million.   Gross
margins  for the current quarter were 28.9% compared to 26.5%  in
the  prior  year quarter.  The improvement in gross margins  were
the  result of cost saving programs which were implemented during
the  second quarter of the past fiscal year.  Gross margins  were
relatively unchanged from the prior quarter.

Results of Operations - Apparel Segment
---------------------------------------

Apparel  Solutions Group  --  Net sales of the group  were  $68.4
million in the current quarter, compared to $51.7 million in  the
prior  quarter.  The $16.7 million increase is the result of  the
transition  from  Alstyle's low point in  their  annual  business
cycle  (December, January, February) to the high point  in  their
annual business cycle. Gross margins percentage improved from the
prior  quarter  from 23.2% to 24.3%, however the  absolute  gross
margin  earned  increased  38.7% from  period  to  period,  which
combined  with a reduction in selling, general and administrative
expenses,  resulted  in  a quarter to quarter  160%  increase  in
pretax earnings.









                               18
<PAGE>
Critical Accounting Policies and Judgments
------------------------------------------

In  preparing  our  consolidated  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 consolidated 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 allowance  for  doubtful  accounts,
inventory  valuations, property, plant and equipment,  intangible
assets,  accrued  liabilities 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 materially  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
that  are  measured  using actuarial valuations.   The  actuarial
assumptions used may differ from actual results.

Intangibles  generated  through  acquisitions  are   based   upon
independent  appraisals of their values and are either  amortized
over  their useful life, or evaluated periodically (at least once
a  year)  to  determine whether the value has  been  impaired  by
events occurring during the fiscal year.

We  exercise  judgment  in evaluating our long-lived  assets  for
impairment.   The Company assesses the impairment  of  long-lived
assets that include other intangible assets, goodwill, and  plant
and   equipment  annually  or  whenever  events  or  changes   in
circumstances  indicate  that  the  carrying  value  may  not  be
recoverable.  In performing tests of impairment, the Company must
make  assumptions regarding the estimated future cash  flows  and
other  factors  to  determine the fair value  of  the  respective
assets in assessing the recoverability of its goodwill and  other
intangibles.   If  these  estimates or  the  related  assumptions
change,  the Company may be required to record impairment charges
for these assets in the future.  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 generally recognized upon shipment of products.   Net
sales  represents gross sales invoiced to customers, less certain
related   charges,   including  discounts,  returns   and   other
allowances.    Returns,  discounts  and  other  allowances   have
historically been insignificant.  In some cases and upon customer
request,  the Company prints and stores custom print product  for
customer specified future delivery, generally within six  months.
In  this  case, risk of loss passes to the customer, the customer
is  invoiced under normal credit terms and revenue is  recognized
when  manufacturing  is  complete.  Approximately  $3,329,000  of
revenue  was recognized under these agreements during the quarter
ended  May  31,  2005.   Sales  in  foreign  countries  were  not
significant for the three month period ended May 31, 2005.




                               19
<PAGE>

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 swap is 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.   The  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.   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  not  likely, 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.

In  view of such uncertainties, investors should not place  undue
reliance  on our forward-looking statements since such statements
speak  only as of the date when made.  We undertake no obligation
to  publicly  update  or  revise any forward-looking  statements,
whether  as  a  result  of  new  information,  future  events  or
otherwise.


Risk Factors
------------

You  should carefully consider the risks described below, as well
as the other information included or incorporated by reference in
our  Annual  Report on Form 10-K, before making an investment  in
the  Company's common stock.  The risks described below  are  not
the  only  ones  we face in our business.  Additional  risks  and
uncertainties  not  presently known to us or  that  we  currently
believe to be immaterial may also impair our business operations.
If  any  of  the  following risks occur, our business,  financial
condition  or operating results could be materially  harmed.   In
such  an  event, our common stock could decline in price and  you
may lose all or part of your investment.

Ennis may be required to write down goodwill and other intangible
assets  in  the future, which could cause its financial condition
and results of operations to be negatively affected in the future

When  Ennis acquires a business, a portion of the purchase  price
of   the   acquisition  is  allocated  to  goodwill   and   other
identifiable intangible assets. The amount of the purchase price,
which  is  allocated to goodwill and other intangible assets,  is
determined  by  the  excess of the purchase price  over  the  net
identifiable assets acquired. At May 31, 2005 Ennis' goodwill and
intangible  assets  were  approximately  $263.8  million.   Under
current  accounting  standards, if Ennis determines  goodwill  or
intangible  assets  are impaired, it would be required  to  write
down the value of these assets.
                               20
<PAGE>

Ennis conducts an annual review to determine whether goodwill and
other   identifiable  intangible  assets  are   impaired.   Ennis
completed  such an impairment analysis for its fiscal year  ended
February  28, 2005, and concluded that no impairment  charge  was
necessary.  Ennis cannot provide assurance that it  will  not  be
required  to  take  an  impairment  charge  in  the  future.  Any
impairment   charge  would  have  a  negative   effect   on   its
shareholders'  equity  and financial  results  and  may  cause  a
decline in Ennis' stock price.

Printed business forms may be superceded over time by "paperless"
business   forms   or   otherwise   affected   by   technological
obsolescence  and  changing  customer  preferences,  which  could
reduce our sales and profits
Printed business forms and checks may eventually be superceded by
"paperless"  business forms, which could have a material  adverse
effect  on  Ennis' business over time.  The price and performance
capabilities  of  personal  computers and  related  printers  now
provide a cost-competitive means to print low-quality versions of
many   of  our  business  forms  on  plain  paper.  In  addition,
electronic   transaction   systems  and  off-the-shelf   business
software  applications have been designed to automate several  of
the  functions performed by our business form and check products.
In response to the gradual obsolescence of our standardized forms
business, we continue to develop our capability to provide custom
and  full-color products.  We are also seeking to  introduce  new
products   and   services  that  may  be  less   susceptible   to
technological obsolescence.  If new printing capabilities and new
product  introductions do not continue to offset the obsolescence
of our standardized business forms products, there is a risk that
the number of new customers we attract and existing customers  we
retain  may  diminish, which could reduce our sales and  profits.
Decreases  in  sales  of  our  standardized  business  forms  and
products due to obsolescence could also reduce our gross margins.
This reduction could in turn adversely impact our profits, unless
we  are able to offset the reduction through the introduction  of
new high margin products and services or realize cost savings  in
other areas.

Our distributors face increased competition from various sources,
such  as  office  supply superstores.  Increased competition  may
require  Ennis  to reduce prices or to offer other incentives  in
order  to  enable its distributors to attract new  customers  and
retain existing customers
Low   price,   high  value  office  supply  chain  stores   offer
standardized   business  forms,  checks  and  related   products.
Because of their size, these superstores have the buying power to
offer  many  of  these  products at  competitive  prices.   These
superstores also offer the convenience of "one-stop" shopping for
a  broad  array of office supplies that our distributors  do  not
offer.   In addition, superstores have the financial strength  to
reduce  prices or increase promotional discounts to expand market
share.   This could result in our reducing our prices or offering
incentives  in  order to enable our distributors to  attract  new
customers and retain existing customers.

Technological  improvements may reduce our competitive  advantage
over some of our competitors, which could reduce our profits
Improvements  in the cost and quality of printing technology  are
enabling  some of our competitors to gain access to  products  of
complex  design and functionality at competitive costs. Increased
competition from these competitors could force us to  reduce  our
prices  in  order  to attract and retain customers,  which  could
reduce our profits.




                               21
<PAGE>

Concentration of Business Form and Apparel Vendors and Suppliers
We  use a limited number of vendors and suppliers to provide  ink
for   our   printing  segment,  and  we  use  as   sole   sources
Mead/Westvaco  for  paper  and UPS  for  delivery  services.   We
contract with Parkdale Mills for our supplies of yarn.  If  there
are  interruptions in supplies or service from these  vendors  or
suppliers, it could result in a disruption to our business, if we
are  unable  to  readily find alternative  service  providers  at
comparable rates.

Ennis  could  experience labor disputes that  could  disrupt  its
business in the future
As  of  May  31,  2005,  approximately  14%  of  Ennis'  domestic
employees  are  represented  by  labor  unions  under  collective
bargaining   agreements,   which   are   subject   to    periodic
renegotiations.   Two unions represent all of  the  approximately
3,000  hourly  employees  in  Mexico.   Although  Ennis  has  not
experienced any labor stoppages in the last 10 years,  there  can
be  no assurance that any future labor negotiations may not prove
successful, may result in a significant increase in the  cost  of
labor  or  may  break down and result in the  disruption  of  our
business forms and apparel operations.

Alstyle  obtains  its  raw materials from  a  limited  number  of
suppliers  and  any  disruption in its relationships  with  these
suppliers,  or  any  substantial increase in  the  price  of  raw
materials, could have a material adverse effect on Alstyle
Cotton  yarn  is  the  primary  raw material  used  in  Alstyle's
manufacturing  processes.  Cotton accounts for approximately  40%
of the manufactured product cost.  Alstyle acquires its yarn from
five  major  sources  that  meet stringent  quality  and  on-time
delivery requirements.  The largest supplier provides over 50% of
Alstyle's yarn requirements and has an entire yarn mill dedicated
to  Alstyle's production. The other major raw material components
used  in Alstyle's manufacturing processes are chemicals used  to
treat the fabric during the dyeing process.  Alstyle sole-sources
the  supply  of these chemicals from one supplier.  If  Alstyle's
relations  with its suppliers are disrupted, Alstyle may  not  be
able  to  enter  into arrangements with substitute  suppliers  on
terms  as  favorable  as its current terms  and  our  results  of
operations could be materially adversely affected.

Alstyle  generally  acquires  its cotton  yarn  under  short-term
purchase orders with its suppliers, and has exposure to swings in
cotton   market   prices.   Alstyle  does  not   use   derivative
instruments,  including cotton option contracts,  to  manage  its
exposure to movements in cotton market prices.  Alstyle  may  use
such derivative instruments in the future.  While we believe that
Alstyle  will be competitive with other companies in  the  United
States  apparel  industry  in negotiating  the  price  of  cotton
purchased for future production use, any significant increase  in
the  price of cotton could have a material adverse effect on  our
results of operations.

Alstyle faces intense competition to gain market share, which may
lead  some  competitors to sell substantial amounts of  goods  at
prices against which Alstyle cannot profitably compete
Demand  for Alstyle's products is dependent on the general demand
for  T-shirts  and  the  availability of alternative  sources  of
supply.  Alstyle's strategy in this market environment is to be a
low  cost  producer  and  to differentiate  itself  by  providing
quality  service  to  its customers.  Even if  this  strategy  is
successful, its results may be offset by reductions in demand  or
price declines.



                               22
<PAGE>

Apparel industry cyclicality
The  United States apparel industry is sensitive to the  business
cycle  of the national economy.  Moreover, the popularity, supply
and   demand   for   particular  apparel  products   can   change
significantly  from  year  to year.  Alstyle  may  be  unable  to
compete  successfully  in any industry  downturn  due  to  excess
capacity.

Foreign political and economic risk
Alstyle  operates cutting and sewing facilities  in  Mexico,  and
sources  certain  product  manufacturing  and  purchases  in   El
Salvador, Pakistan, China and Southeast Asia.  Alstyle's  foreign
operations  could be subject to unexpected changes in  regulatory
requirements, tariffs and other market barriers and political and
economic  instability in the countries where  it  operates.   The
impact  of  any  such events that may occur in the  future  could
subject Alstyle to additional costs or loss of sales, which could
adversely  affect its operating results.  In particular,  Alstyle
operates  its  facilities in Mexico pursuant to the "maquiladora"
duty-free  program established by the Mexican and  United  States
governments.   This program enables Alstyle to take advantage  of
generally lower costs in Mexico, without paying duty on inventory
shipped  into  or out of Mexico.  There can be no assurance  that
the  government of Mexico will continue the program currently  in
place  or  that Alstyle will continue to be able to benefit  from
this  program.  The loss of these benefits could have an  adverse
effect on our business.

Alstyle's products are subject to foreign competition,  which  in
the  past has been faced with significant U.S. government  import
restrictions
Foreign  producers of apparel often have significant  labor  cost
advantages.   Given  the number of these foreign  producers,  the
substantial  elimination  of  import  protections  that   protect
domestic  apparel  producers  could materially  adversely  affect
Alstyle's business.  The extent of import protection afforded  to
domestic  apparel  producers has been, and is likely  to  remain,
subject to considerable political considerations.

The  North American Free Trade Agreement (NAFTA) became effective
on  January  1,  1994  and has created a  free-trade  zone  among
Canada,  Mexico and the United States.  NAFTA contains a rule  of
origin requirement that products be produced in one of the  three
countries  in  order  to benefit from the agreement.   NAFTA  has
phased  out  all trade restrictions and tariffs among  the  three
countries on apparel products competitive with those of  Alstyle.
Alstyle  performs substantially all of its cutting and sewing  in
five  plants located in Mexico in order to take advantage of  the
NAFTA  benefits.  Subsequent repeal or alteration of NAFTA  could
seriously adversely affect our business.

The   Central  American  Free  Trade  Agreement  (CAFTA)   became
effective  May 28, 2004 and retroactive to January  1,  2004  for
textiles  and  apparel. It creates a free trade zone  similar  to
NAFTA  by  and  between  the United States and  Central  American
countries  (El  Salvador,  Honduras, Costa  Rica,  Nicaragua  and
Dominican Republic.)  Textiles and apparel will be duty-free  and
quota-free  immediately  if they meet  the  agreement's  rule  of
origin, promoting new opportunities for U.S. and Central American
fiber,  yarn,  fabric and apparel manufacturing.   The  agreement
will also give duty-free benefits to some apparel made in Central
America that contains certain fabrics from NAFTA partners  Mexico
and Canada.  Alstyle sources approximately 5% of its sewing to  a
contract  manufacturer in El Salvador, and we do  not  anticipate
that this will have a material effect on its operations.

                               23
<PAGE>

The   World  Trade  Organization  (WTO),  a  multilateral   trade
organization, was formed in January 1995 and is the successor  to
the   General  Agreement  on  Tariffs  and  Trade  (GATT).   This
multilateral trade organization has set forth mechanisms by which
world  trade  in  clothing is being progressively liberalized  by
phasing-out quotas and reducing duties over a period of time that
began  in  January of 1995.  As it implements the WTO mechanisms,
the  U.S.  government is negotiating bilateral  trade  agreements
with  developing  countries  (which are  generally  exporters  of
textile and apparel products) that are members of the WTO to  get
them  to  reduce their tariffs on imports of textiles and apparel
in  exchange  for reductions by the United States in  tariffs  on
imports of textiles and apparel.

In January 2005, United States import quotas have been removed on
knitted  shirts  from China.  The elimination of quotas  and  the
reduction  of  tariffs  under the WTO  may  result  in  increased
imports of certain apparel products into North America.   In  May
2005,  quotas on three categories of clothing imports,  including
knitted shirts, from China were re-imposed.  These factors  could
make Alstyle's products less competitive against low cost imports
from developing countries.

Environmental regulations
We  are  subject  to  extensive and changing federal,  state  and
foreign   laws   and   regulations   establishing   health    and
environmental quality standards, and may be subject to  liability
or  penalties  for violations of those standards.   We  are  also
subject   to  laws  and  regulations  governing  remediation   of
contamination  at  facilities  currently  or  formerly  owned  or
operated  by us or to which we have sent hazardous substances  or
wastes  for  treatment, recycling or disposal.  We may be subject
to  future liabilities or obligations as a result of new or  more
stringent  interpretations of existing laws and regulations.   In
addition, we may have liabilities or obligations in the future if
we  discover any environmental contamination or liability at  any
of our facilities, or at facilities we may acquire.

We  depend upon the talents and contributions of a limited number
of individuals, many of who would be difficult to replace
The  loss  or  interruption of the services of  these  executives
could  have a material adverse effect on our business,  financial
condition  and  results  of  operations.   Although  we  maintain
employment agreements with certain members of key management,  it
cannot  be  assured  that  the services of  such  personnel  will
continue.

Cautionary Statements

Certain  statements in this report, and in particular, statements
found  in  Management's  Discussion  and  Analysis  of  Financial
Condition  and  Results of Operations, constitute forward-looking
statements   within   the  meaning  of  the  Private   Securities
Litigation  Reform Act of 1995.  We believe these forward-looking
statements  are  based  upon reasonable  assumptions  within  the
bounds  of  our knowledge of Ennis.  All such statements  involve
risks  and  uncertainties, and as a result, actual results  could
differ materially from those projected, anticipated or implied by
these  statements.  Such forward-looking statements involve known
and   unknown  risks,  including  but  not  limited  to,  general
economic, business and labor conditions; the ability to implement
our  strategic  initiatives; the ability to be  profitable  on  a
consistent  basis; dependence on sales that are  not  subject  to
long-term  contracts;  dependence on suppliers;  the  ability  to
recover the rising cost of key raw materials in markets that  are
highly  price competitive; the ability meet customer  demand  for
additional  value-added  products and services;  the  ability  to
timely or adequately

                               24
<PAGE>

respond  to technological changes in the industry; the impact  of
the  Internet and other electronic media on the demand for  forms
and   printed  materials;  postage  rates;  the  ability   manage
operating  expenses;  the ability to manage financing  costs  and
interest   rate   risk;   a  decline  in  business   volume   and
profitability could result in a further impairment  of  goodwill;
the  ability to retain key management personnel; the  ability  to
identify,  manage  or  integrate future acquisitions;  the  costs
associated  with  and  the  outcome  of  outstanding  and  future
litigation; and changes in government regulations.

In  view of such uncertainties, investors should not place  undue
reliance  on our forward-looking statements since such statements
speak  only as of the date when made.  We undertake no obligation
to  publicly  update  or  revise any forward-looking  statements,
whether  as  a  result  of  new  information,  future  events  or
otherwise.

Forward looking statement
-------------------------
      Statements  made in the Management's result  of  operations
concerning    the    Company's   or   management's    intentions,
expectations, or predictions about future results or  events  are
"forward-looking statements" within the meaning  of  the  Private
Securities  Litigation  Reform  Act  of  1995.   Such  statements
reflect  management's current expectations or  beliefs,  and  are
subject  to  risks  and  uncertainties that  could  cause  actual
results  or  events  to  vary  from  stated  expectations,  which
variations  could  be material and adverse.  Factors  that  could
produce  such  a  variation include, but are not limited  to  the
following:   the inherent unreliability of earnings, revenue  and
cash flow predictions due to numerous factors, many of which  are
beyond the Company's control; developments in the demand for  the
Company's products and services; relationships with the Company's
major  customers and suppliers; unanticipated delays,  costs  and
expenses  inherent  in  the  development  and  marketing  of  new
products  and  services; risks and uncertainties associated  with
the successful integration of the acquisition of Alstyle Apparel,
the  impact of governmental laws and regulations; and competitive
factors.  The Company's cash dividends are declared by the  board
of  directors on a current basis, and therefore may be subject to
change.  Because of such uncertainties, readers are cautioned not
to place undue reliance on such forward-looking statements, which
speak only as of June 15, 2005.



















                               25
<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  Summary   of
Significant  Accounting Policies in the Notes to the Consolidated
Financial Statements.

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
$106  million  at  May  31, 2005.  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  fiscal  year  ended  2006 would be approximately  $1,000,000.
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)   Ennis  management,  with  the participation  of  the  Chief
Executive  Officer  and  Chief Financial Officer,  evaluated  the
effectiveness  of  our  disclosure controls  and  procedures,  as
defined  in  Rules 13a-15(e) and 15d-15(e) under  the  Securities
Exchange  Act of 1934, as of May 31, 2005. No system of controls,
no  matter  how well designed and operated, can provide  absolute
assurance that the objectives of the system of controls are  met,
and no evaluation of controls can provide absolute assurance that
the system of controls has operated effectively in all cases. Our
disclosure  controls  and  procedures  however  are  designed  to
provide  reasonable assurance that the objectives  of  disclosure
controls and procedures are met.

   As  described  in  our  management's report  on  our  internal
control  over financial reporting included in Ennis' 2005  Annual
Report   (pp.  58  and  59),  Ennis  management  and  independent
registered public accounting firm identified a material  weakness
as of February 28, 2005 in Ennis' internal control over financial
reporting,  as  defined in Rule 13a-15(f)  under  the  Securities
Exchange Act, related to prompt financial close and determination
of  proper  adjustments  in  Alstyle Apparel,  a  newly  acquired
subsidiary.  That  material weakness  in  internal  control  over
financial  reporting  also  affected  the  effectiveness  of  our
disclosure  controls and procedures, resulting in our  conclusion
that disclosure controls and procedures were not effective as  of
February 28, 2005.

   During   the  first  quarter  of  2006,  we  improved   Ennis'
financial  controls  and  procedures and  internal  control  over
financial reporting with respect to Alstyle Apparel in an  effort
to   remediate   this   material  weakness  and   other   control
deficiencies  that  were identified and evaluated  in  connection
with  the determination of the material weakness. The remediation
included:



                               26
<PAGE>

   (bullet)  Providing increased  supervision  and oversight
             by   Corporate    level   employees    of   the
             accounting processes at our Alstyle subsidiary

   (bullet)  Establishing closing procedures to  ensure that
             all  balance sheet accounts were  appropriately
             reconciled  and  all  appropriate  adjustments
             were recorded

   (bullet)  Reviewing  all  adjusting   journal  entries to
             ensure their accuracy and appropriateness.

      As  a  result  of  such  remediation, management  concluded
that,  as of May 31, 2005, our disclosure controls and procedures
were  effective to provide reasonable assurance that  information
required  to  be  disclosed in the reports the Company  files  or
submits  under the Securities Exchange Act of 1934  is  recorded,
processed, summarized and reported on a timely basis.

     Additionally, as described in our management's report on our
internal control over financial reporting included in Ennis' 2005
Annual  Report (pp. 58 and 59), Ennis management also  identified
as  a material weakness insufficient controls over the accounting
for  assets  acquired.  Because the item involved the acquisition
of Alstyle Apparel and the related FAS 141 adjustment, management
has  met  with  its  independent registered accounting  firm  and
established   more  formalized  communication  procedures.     We
believe these enhanced communication procedures will help  ensure
that  we thoroughly analyze acquisitions in the future.  Although
no  acquisitions  occurred during the quarter  we  have concluded
that  as  of  June  14, 2005, our  controls  and  procedures  are
effective  to  provide reasonable assurance that  accounting  for
future acquisitions will be adequately recorded and disclosed  in
the reports the Company files or submits under the Securities Act
of 1934.

(b)  Changes in Internal Control Over Financial Reporting. During
the  quarter  ended May 31, 2005, the Company  is  continuing  to
integrate  the  operations of the newly  acquired  operations  of
Alstyle  into  its current internal control environment.   It  is
expected  this integration will be completed by the  end  of  the
Company's  fiscal year.  In addition to the changes discussed  in
part  (a)  above  we  believe that further efforts  to  integrate
Alstyle  will  result  in  changes  to  virtually  all  areas  of
Alstyle's   internal  controls  in  order  to  provide  effective
monitoring and control of the newly integrated operations.













                               27
<PAGE>

                   PART II. OTHER INFORMATION


Item 6. EXHIBITS AND REPORTS ON FORM 8-K

     (a) Exhibits
         The  exhibits  as  listed  on  the accompanying index to
         exhibits  on pages 29 through 30 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 May 17,  2005
         regarding  a  press  release  elaborating  on   internal
         control issues disclosed in its recently filed Form  10-
         K results.




































                               28
<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 June 15, 2005              /s/Harve Cathey
     -------------------         --------------------------------
                                Harve Cathey
                                Vice President - Finance and
                                CFO, Secretary and Principal
                                Financial and Accounting Officer






























                               29
<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 incorporated
                    herein by reference to Exhibit 3.3 to  the
                    registrant's  Form 10-Q  Quarterly  Report
                    for the quarter ended November 30, 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.




                               30
<PAGE>
      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.
      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  Credit  Agreement dated as of November 19,
                     2004 among  Ennis, Inc., various other co-
                     borrowers and lenders that sign and become
                     a party  to  the credit agreement, LaSalle
                     Bank      National     Association,     as
                     Administrative  Agent, Documentation Agent
                     and  Arranger,   and   Compass   Bank  and
                     JPMorgan   Chase   Bank,   N.A.,   as  Co-
                     Syndication  Agents  incorported herein by
                     reference   to   Exhibit   10.1   to   the
                     Registrant's  Current  Report  on Form 8-K
                     filed on November 19, 2004.
      Exhibit 10.13  Security   Agreement  dated as of November
                     19, 2004  among Ennis, Inc., various other
                     parties  that  sign  and become a party to
                     the  security  agreement  and LaSalle Bank
                     National      Association,      as     the
                     Administrative Agent incorported herein by
                     reference   to   Exhibit   10.2   to   the
                     Registrant's  Current  Report  on Form 8-K
                     filed on November 19, 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)

                                  31
<PAGE>


      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.
                                 32
<PAGE>