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, 2004
                 -----------------------------------------------

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

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


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

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


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


                    ENNIS BUSINESS FORMS, INC,
         1510 N. Hampton, Suite 300, DeSoto, TX 75115
----------------------------------------------------------------
      (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, 2004 was 16,420,463.


<PAGE>

                           ENNIS, INC.

                              INDEX


      Part I.   Financial information - unaudited

         Item 1 - Financial Statements
            Condensed Consolidated Balance Sheets --
              May 31, 2004 and February 29, 2004          2 - 3

            Condensed Consolidated Statements of
              Earnings -- Three Months Ended May 31,
              2004 and 2003                                 4

            Condensed Consolidated Statements of Cash
              Flows -- Three Months Ended May 31, 2004
              and 2003                                      5

            Notes to Condensed Consolidated Financial
              Statements                                 6 - 10

         Item 2 - Management's Discussion and Analysis
            of Financial Condition and Results of
            Operations                                   11 - 15

         Item 3 - Quantitative and Qualitative
            Disclosures of Market Risk                     16

         Item 4 - Controls and Procedures                  16

      Part II. Other Information

         Item 4 - Submission of Matters to a Vote of
            Security Holders                               17

         Item 6 - Exhibits and Reports on Form 8-K         17

      Signatures                                           18


<PAGE>

                 PART I.  FINANCIAL INFORMATION

Item 1.  FINANCIAL STATEMENTS

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


                                        May 31,      February 29,
                                         2004            2004
                                         ----            ----
                                      (unaudited)
                       Assets
                       ------

Current assets:
    Cash and cash equivalents          $ 20,853       $ 15,067
    Accounts receivable, net             29,502         29,800
    Prepaid expenses                      1,700          2,022
    Inventories                          13,263         13,721
    Other current assets                  2,920          2,995
                                        -------        -------
               Total current assets      68,238         63,605
                                        -------        -------

Property, plant and equipment, net       46,406         46,480

Goodwill, net                            34,420         34,420

Other assets                              8,965          9,538
                                        -------        -------

                                       $158,029       $154,043
                                        =======        =======













                                                      (Continued)




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


                                          May 31,    February 29,
                                           2004          2004
                                           ----          ----
                                        (unaudited)
                  Liabilities and
                Shareholders' Equity
                --------------------

Current liabilities:
    Accounts payable                    $  7,165     $  5,804
    Accrued expenses:
        Employee compensation and
           benefits                        8,676        7,908
        Federal and state income tax
           payable                         2,175           --
        Taxes other than income            1,428        1,427
        Insurance accrual                  1,316        2,329
        Other                              1,554        1,597
    Current installments of long-term
       debt                                6,335        6,335
                                         -------      -------
             Total current liabilities    28,649       25,400
                                         -------      -------

Long-term debt, less current
   installments                            6,300        7,800

Deferred credits, principally income
   taxes                                  10,119       10,261

Shareholders' equity:
    Preferred stock, at par value             --           --
    Common stock, at par value            53,125       53,125
    Additional paid in capital               126          126
    Retained earnings                    147,481      145,653
    Accumulated other comprehensive
       loss                                  (57)        (114)
                                         -------      -------

                                         200,675      198,790

    Treasury stock                       (87,714)     (88,208)
                                         -------      -------

             Total shareholders'
                equity                   112,961      110,582
                                         -------      -------

                                        $158,029     $154,043
                                         =======      =======

See accompanying notes to condensed consolidated financial
statements.





                                3
<PAGE>
                           ENNIS, INC.

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

                                              Three Months Ended
                                                    May 31,
                                               2004        2003
                                               ----        ----

 Net sales                                   $65,736     $64,874

 Costs and expenses:
    Cost of sales                             48,676      48,324
    Selling, general and administrative        9,386       9,655
                                              ------      ------

                                              58,062      57,979
                                              ------      ------

 Earnings from operations                      7,674       6,895
                                              ------      ------

 Other income (expense):
    Investment income                              5          14
    Interest expense                            (134)       (287)
    Other expense, net                           (81)         (3)
                                              ------      ------

                                                (210)       (276)
                                              ------      ------

 Earnings before income taxes                  7,464       6,619

 Provision for income taxes                    2,882       2,515
                                              ------      ------

 Net earnings                                $ 4,582     $ 4,104
                                              ======      ======

 Weighted average number of common
   shares outstanding - basic             16,406,631  16,332,565
    Plus incremental shares from assumed
       exercise of stock options             287,919     173,917
                                          ----------  ----------
 Weighted average number of common
   shares outstanding - diluted           16,694,550  16,506,482
                                          ==========  ==========

 Per share amounts:
    Net earnings - basic                        $.28        $.25
                                                ====        ====
    Net earnings - diluted                      $.27        $.25
                                                ====        ====
    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,
                                             2004       2003
                                             ----       ----
 Cash flows from operating activities:
    Net earnings                            $4,582     $4,104
    Adjustments to reconcile net
       earnings to net cash provided by
       operating activities:
          Depreciation                       2,209      2,377
          Amortization of trademark             33         33
          Gain on the sale of equipment         (3)       (78)
          Other                                 --       (135)
          Changes in operating assets and
            liabilities:
            Receivables                        298      1,830
            Prepaid expenses                   322        160
            Inventories                        458       (642)
            Contract costs in excess of
               billings                         34        530
            Other current assets                 6       (260)
            Accounts payable and accrued
               expenses                      3,341        571
            Other assets                       398        664
                                            ------     ------

            Net cash provided by
               operating activities         11,678      9,154
                                            ------     ------

 Cash flows from investing activities:
    Capital expenditures                    (2,139)      (842)
    Proceeds from disposal of property           7         89
                                            ------     ------

            Net cash used in investing
               activities                   (2,132)      (753)
                                            ------     ------

 Cash flows from financing activities:
    Repayment of debt issued to finance
       acquisition                          (1,500)    (1,850)
    Dividends                               (2,542)    (2,533)
    Purchase (issue) of treasury stock,
       net                                     282         (3)
    Other                                       --         (2)
                                            ------     ------

            Net cash used in financing
               activities                   (3,760)    (4,388)
                                            ------     ------

 Net change in cash and cash equivalents     5,786      4,013
 Cash and cash equivalents at beginning
    of period                               15,067     13,860
                                            ------     ------

 Cash and cash equivalents at end of
    period                                 $20,853    $17,873
                                            ======     ======

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,  2004
   have  been  prepared  in  accordance with  generally  accepted
   accounting   principles  for  interim   financial   reporting.
   Accordingly,  they do not include all of the  information  and
   footnotes    required   by   generally   accepted   accounting
   principles  for complete financial statements  and  should  be
   read  in  conjunction with the audited consolidated  financial
   statements  and  notes thereto included in the Company's  Form
   10-K  for  the  year ended February 29, 2004, from  which  the
   accompanying condensed consolidated balance sheet at  February
   29,  2004  was derived.  All significant intercompany balances
   and  transactions  have been eliminated in consolidation.   In
   the  opinion  of management, all adjustments (consisting  only
   of  normal recurring adjustments) considered necessary  for  a
   fair  presentation of the interim financial  information  have
   been  included.   The results of operations  for  any  interim
   period  are  not  necessarily indicative  of  the  results  of
   operations for a full year.

2. Stock Option Plans and Stock Based Compensation
   -----------------------------------------------
   The  Company  has stock options granted to key  executive  and
   managerial employees and non-employee directors.  At  May  31,
   2004,  the  Company has two incentive stock option plans:  the
   1998  Option and Restricted Stock Plan and the 1991  Incentive
   Stock  Option Plan. The Company has 722,652 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.

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

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








                                6
<PAGE>

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

      For the Three Months Ended May 31,  2004      2003
                                          ----      ----

      Net earnings:
       As reported                       $4,582    $4,104
       Deduct:  Stock-based Employee
       compensation expense not
       included in reported income,
       net of related tax effects            10        14
                                          -----     -----
       Pro forma                         $4,572    $4,090
                                         ======    ======

      Net earnings per share:
       As reported - basic                 $.28      $.25
       Pro forma - basic                    .28       .25

       As reported - diluted                .27       .25
       Pro forma - diluted                  .27       .25


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

   In  December  2002, the FASB issued SFAS No. 148,  "Accounting
   for  Stock-Based Compensation and Disclosure."  SFAS  No.  148
   amends  the transition and disclosure provisions of  SFAS  No.
   123.   If  the Company had adopted the prospective  transition
   method   prescribed  by  SFAS  148  in  first  quarter   2004,
   compensation  expense  of $17,000 would  have  been  recorded.
   After related income tax effects, this would have reduced  net
   income  by  $10,000.   There would  have  been  no  effect  to
   earnings per share.

   As  of  May 31, 2004, the Company has reserved 722,652  shares
   of  common stock under incentive stock option plans.  For  the
   three  month periods ended May 31, 2004 and 2003,  35,000  and
   65,500  of  options, respectively, were not  included  in  the
   diluted  earnings per share computation because their exercise
   price  exceeded the average fair market value of the Company's
   stock for the period.








                                7
<PAGE>

3. Employee Benefit Plans
   ----------------------
   The  following  table provides the components of net periodic
   benefit cost for the three months ended May 31, 2004 and 2003
   (in thousands):


                                May 31, 2004    May 31, 2003
       Components of net
          periodic benefit
          cost
       Service cost                 $367           $334
       Interest cost                 604            589
       Expected return on
          Assets                    (666)          (548)
       Amortization of:
          Prior service cost         (36)           (36)
          Unrecognized net
             loss                    267            262
                                    ----           ----

       Net periodic benefit
          Cost                      $536           $601
                                    ====           ====

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

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


                                   May 31,   February 29,
                                    2004         2004
                                    ----         ----

             Raw material        $ 6,690      $ 6,911
             Work-in-process       1,194        1,393
             Finished goods        5,379        5,417
                                  ------       ------

                                 $13,263      $13,721
                                  ======       ======


5. Accumulated other comprehensive income
   --------------------------------------
   Accumulated  other  comprehensive  income  consists   of   the
   unrealized  portion  of  changes in  the  fair  value  of  the
   Company's   cash   flow   hedge.  Comprehensive   income   was
   approximately  $4,639,000 for the three months ended  May  31,
   2004  and $4,116,000 for the three months ended May 31,  2003.
   Amounts  charged directly to Shareholder's Equity  related  to
   the  Company's  interest  rate swap  are  included  in  "other
   comprehensive income."





                                8
<PAGE>

6. Segment Data
   ------------
   The  Company  operates  three business  segments.   The  Forms
   Solutions  Group is primarily in the business of manufacturing
   and   selling  business  forms  and  other  printed   business
   products to customers primarily located in the United  States.
   The   Promotional  Solutions  Group  is  comprised  of   Adams
   McClure,  Admore and Wolfe City is primarily in  the  business
   of   manufacturing  and  selling  promotional  products.   The
   Financial  Solutions Group is comprised of Northstar  Computer
   Forms  which  is  a manufacturer and seller of  official  bank
   checks,  money  orders,  and internal bank  forms.   Corporate
   information  is  included to reconcile  segment  data  to  the
   consolidated  financial  statements and  includes  assets  and
   expenses  related to the Company's corporate headquarters  and
   other  administrative  costs.   Segment  data  for  the  three
   months  ended  May  31,  2004 and 2003  were  as  follows  (in
   thousands):

<TABLE>
<CAPTION>         Forms    Promotional Financial
                Solutions   Solutions  Solutions            Consolidated
                  Group       Group      Group    Corporate    Totals
                  -----       -----      -----    ---------    ------
<S>             <C>        <C>         <C>        <C>        <C>
Three months ended May 31, 2004:
  Net sales     $34,562      $19,462   $11,712   $    --     $ 65,736
  Depreciation      776          626       702       105        2,209
  Amortization
    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
  expenditures      267          241       100     1,531        2,139

Three months ended May 31, 2003:
  Net sales     $34,765      $18,129   $11,980   $    --     $ 64,874
  Depreciation      820          616       763       178        2,377
  Amortization
    of
    trademark        33           --        --        --           33
  Segment
    Earnings
    (loss)
    before
    income tax    5,197        1,700     1,224    (1,502)       6,619
  Segment
    assets       73,349       37,925    37,092     4,970      153,336
  Capital
  expenditures      570          154       100        18          842
</TABLE>
"Post-it" is a registered trademark of 3M.














                                9
<PAGE>

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

   The  Company utilized swap agreements related to the term loan
   and  revolving credit facility to effectively fix the interest
   rate  at  3.2%  for a pre-set principal amount of  the  loans.
   The  pre-set principal amount of the loans covered by the swap
   agreements  declines  quarterly in  connection  with  expected
   principal reductions and totaled $10,500,000 at May 31,  2004.
   The  fair  value of the swap at May 31, 2004 was approximately
   ($92,000)  and the change in the fair value of the  loss  from
   March  1,  2004,  net of tax, has been charged to  accumulated
   other comprehensive loss.


























                               10
<PAGE>

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

Overview
--------

Ennis, Inc. was organized under the laws of Texas in 1909. Ennis,
Inc. and its subsidiaries (collectively "Ennis" or the "Company")
prints  and constructs a broad line of business forms  and  other
business  products  for national distribution.   Distribution  of
business forms and other business products throughout the  United
States  is  primarily through independent dealers. These  include
business   forms  distributors,  stationers,  printers,  computer
software developers and advertising agencies, among others.

On November 14, 2002, the Company acquired all of the outstanding
shares of Calibrated Forms Co., (Calibrated).  The purchase price
for the transaction was $22,038,000, less liabilities excluded of
$7,195,000.  Calibrated designs, manufactures and markets printed
business  forms within the wholesale business forms  marketplace.
Calibrated became part of the Forms Solutions Group.

The  Company  operates  in three business  segments.   The  first
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 segment, the Promotional Solutions Group,  is
comprised  of  Adams  McClure,  Admore  and  Wolfe  City  and  is
primarily   in   the  business  of  manufacturing   and   selling
promotional products.  The third segment, the Financial Solutions
Group  designs,  manufactures  and  markets  printed  forms   and
specializes  in  internal  bank  forms,  secure  and   negotiable
documents and custom products.

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

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

Cash Flow

Cash  provided by operating activities for the three months ended
May  31,  2004  was $11,678,000 and represented  an  increase  of
$2,524,000 from the $9,154,000 provided in the comparable  period
last year. This increase in cash provided by operating activities
was  due to routine fluctuation due dates in Accounts payable and
accrued  expenses.  Cash flows used in investing  activities  for
the   three  months  ended  May  31,  2004  was  $2,132,000   and
represented an increase use of $1,379,000 from the $753,000  used
in  the comparable period last year.  This increase in cash  used
was  primarily  the result of capital expenditures  for  the  new
Corporate facility.  Cash flows used in financing activities  for
the   three  months  ended  May  31,  2004  was  $3,760,000   and
represented  a decrease of $628,000 from the $4,388,000  used  in
the  comparable  period  last year.  The  decrease  in  financing
activities  was  primarily the result of reduction  in  quarterly
payments  of  the  long  term  debt and  proceeds  received  from
issuance of treasury stock.

                               11
<PAGE>

Working Capital

The  Company  has  maintained a strong  financial  position  with
working  capital at May 31, 2004, of $39,589,000, an increase  of
3.6%  from the beginning of the year, and a current ratio of  2.4
to  1. The increase in current assets is due to operating profits
less funds used to pay dividends. The Company has $20,853,000  in
cash and cash equivalents.


Credit Facility

The  Company has $12,635,000 in long-term debt.  The Company made
payments of $1,500,000 of the debt financing for the three months
ended  May 31, 2004.  The Company anticipates repaying the  long-
term  debt  of  $1,500,000 per quarter and  a  final  payment  of
$1,800,000 in January 2006.  The available line of credit at  May
31, 2004 was approximately $17,700,000.


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).  The Company  anticipates  it
will  pay  $2,500,000 for the fiscal year ended  2005.   For  the
current  fiscal  year ending February 28, 2005, there  is  not  a
minimum  contribution  requirement and no pension  payments  have
been made.

Inventory

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

Capital Expenditures

Capital expenditures for the three months totaled $2,139,000. For
the  full  fiscal year, capital expenditures are expected  to  be
between  $5,000,000  and $6,000,000, which  are  expected  to  be
financed through internally generated funds. The Company  expects
to generate sufficient cash flow from its operating activities to
more  than cover its operating and capital requirements  for  the
foreseeable future.

Commitments

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













                               12
<PAGE>

Accounting Standards
--------------------
In December 2002, the Financial Accounting Standards Board (FASB)
issued  Statements  of Financial Accounting  Standards  No.  148,
"Accounting    for   Stock-Based   Compensation-Transition    and
Disclosure-an  Amendment to FASB Statement No. 123"  (SFAS  148).
SFAS 148 provides alternate methods of transition for a voluntary
change  to  the fair value based method of accounting for  stock-
based  employee compensation.  In addition, SFAS 148  amends  the
disclosure    requirements   of   "Accounting   for   Stock-Based
Compensation" (SFAS 123) to require prominent disclosures in both
annual  and  interim  financial statements about  the  method  of
accounting  used in reporting results.  To date, the Company  has
not  adopted SFAS 123 utilizing any of the transition methods  of
SFAS  148.   The  FASB  recently issued an  exposure  for  public
comment  and a final standard is expected in the second  half  of
2004.  Tentative decisions by the FASB indicate that expensing of
stock  options will be required for fiscal years beginning  after
December 15, 2004.

Results of Operations 2004
--------------------------
Net  sales for the three months ended May 31, 2004 increased 1.3%
from the corresponding period in the prior year. This increase is
primarily  the result of increased product sales to new customers
in  the  Promotional Solutions Group 2.1%, offset by decreases in
the  Forms  Solutions  Group  0.4%  and the  Financial  Solutions
Group  0.4%.   The   Forms  Solutions  Group  and  the  Financial
Solutions  Group  continue to be impacted by the general  economy
and  industry  decline.   The declines are  primarily  caused  by
decreased volume.

Gross  profit  margins increased from 25.5% in the  three  months
ended  May  31, 2003 to 26.0% in the three months ended  May  31,
2004.   The  increase is the result of a combination of  factors.
The  Forms  Solutions  Group gross profit margin  increased  from
26.4%  in  the  three months ended May 31, 2003 to 27.0%  in  the
three  months ended May 31, 2004.  While the general weakness  in
the economy and the decline in the forms industry contributed  to
decreased  volume, prices were able to be increased in the  Forms
Solutions Group, while controlling variable costs and maintaining
efficient  fixed  cost absorption. The Financial Solutions  Group
and  the  Promotional  Solutions Group had relatively  consistent
gross profit margins for the three months ended May 31, 2004  and
2003.

Selling,  general and administrative expenses decreased 2.8%  for
the  three  months  ended  May 31,  2004  when  compared  to  the
corresponding  period in the prior year.  Reduced  administrative
personnel  in  the Forms and financial groups accounted  for  the
reduction.

Interest  expense  decreased from $287,000 in  the  three  months
ended May 31, 2003 to $134,000 in the three months ended May  31,
2004  primarily  as  a  result  of  the  reduction  of  long-term
financial debt.

The  Company's  effective  federal  and  state  income  tax  rate
remained relatively constant from May 31, 2004 to May 31, 2003.





                               13
<PAGE>


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

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

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

Revenue is recognized upon shipment for all printed products.

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







                               14
<PAGE>

Critical Accounting Policies and Judgments (continued)
------------------------------------------------------
As  part  of the process of preparing our consolidated  financial
statements, we are required to estimate our income taxes in  each
jurisdiction  in which we operate that imposes a tax  on  income.
This  process involves estimating our actual current tax exposure
together  with  assessing  temporary differences  resulting  from
different  treatment  of items for tax and  accounting  purposes.
These  differences result in deferred tax assets and liabilities,
which  are included in our consolidated balance sheet.   We  must
then  assess the likelihood that our deferred tax assets will  be
recovered from future taxable income and to the extent we believe
that  recovery  is  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  accrual
results  differ  from these estimates, our provision  for  income
taxes could be materially impacted.

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

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

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





Forward looking statement
-------------------------
      Management's  result of operations contains forward-looking
statements  that reflect the Company's current view with  respect
to future revenues and earnings.  These statements are subject to
numerous  uncertainties, including (but not limited to) the  rate
at   which   the  business  forms  market  is  contracting,   the
application  of  technology to the production of business  forms,
demand for the Company's products in the context of a contracting
market,  variability  in  the  prices  of  paper  and  other  raw
materials,  and  competitive conditions  in  the  business  forms
market.  Because of such uncertainties, readers are cautioned not
to place undue reliance on such forward-looking statements, which
speak only as of June 23, 2004.












                               15
<PAGE>

Item 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES OF MARKET RISK

Market Risk
-----------
The  Company  is exposed to market risk from changes in  interest
rates on debt.  A discussion of the Company's accounting policies
for  derivative  instruments is included  in  the  Notes  to  the
Consolidated Financial Statements for period ended May 31, 2004.

The  Company's net exposure to interest rate risk consists  of  a
floating  rate debt instrument that is benchmarked  to  U.S.  and
European short-term interest rates.  The Company may from time to
time  utilize  interest  rate swaps to manage  overall  borrowing
costs  and  reduce exposure to adverse fluctuations  in  interest
rates.  The  Company  does  not use  derivative  instruments  for
trading  purposes.  The Company is exposed to interest rate  risk
on   short-term  and  long-term  financial  instruments  carrying
variable  interest rates.  The Company's variable rate  financial
instruments, including the outstanding credit facilities, totaled
$10.5  million  at  May 31, 2004.  The impact  on  the  Company's
results of operations of a one-point interest rate change on  the
outstanding balance of the variable rate financial instruments as
of May 31, 2004 would be immaterial.  This market risk discussion
contains  forward-looking statements.  Actual results may  differ
materially  from  this  discussion  based  upon  general   market
conditions and changes in domestic and global financial markets.

Item 4.  CONTROLS AND PROCEDURES

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

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

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




                               16
<PAGE>

                   PART II. OTHER INFORMATION

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

(a)  The  Company held its Annual Meeting of Shareholders on June
     17, 2004.

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

     Directors elected were:

       Nominees for Director  Votes Cast for   Votes Withheld

       Harold W. Hartley        14,659,145         330,894
       Kenneth G. Pritchett     14,496,292         493,746
       James C. Taylor          14,599,251         390,787

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

     Approve the long-term incentive plan.

          For                     8,863,405
          Against                 1,690,899
          Withheld                  101,380
          Broker-non votes        4,334,354

     Amend the Company's Articles of Incorporation to change  the
     name of the Company to Ennis, Inc.

          For                    14,876,196
          Against                    69,439
          Withheld                   44,403
          Broker-non votes               --


Item 6. EXHIBITS AND REPORTS ON FORM 8-K

     (a) Exhibits
         The  exhibits  as  listed  on  the accompanying index to
         exhibits on page 16  are  filed  as  part  of  this Form
	 10-Q.

     (b) Reports on Form 8-K
         The  Company filed a report on Form 8-K on June 23, 2004
         regarding   the  press  release  announcing  its   first
         quarter operating results.



                               17
<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 23, 2004              /s/Harve Cathey
     ---------------------      --------------------------------
                                Harve Cathey
                                Vice President - Finance and
                                CFO, Secretary and Principal
                                Financial and Accounting Officer


































                               18
<PAGE>
                        INDEX TO EXHIBITS



    Exhibit 31.1  Certification  Pursuant   to   Rule   13a-
                  14(a)/15d-14(a) (Chief Executive Officer)
    Exhibit 31.2  Certification  Pursuant   to   Rule   13a-
                  14(a)/15d-14(a) (Chief Financial Officer)
    Exhibit 32    Certification  pursuant   to   18   U.S.C.
                  Section  1350,  as  adopted  pursuant   to
                  Section 906 of the Sarbanes-Oxley  Act  of
                  2002






































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