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ENNIS BUSINESS FORMS, INC. REPORTS FIRST HALF OPERATING RESULTS

 ENNIS, Texas, Sept. 14 /PRNewswire/ -- Kenneth A. McCrady, chairman of the board, reported interim operating results for Ennis Business Forms, Inc. (NYSE: EBF) today. For the six months ended Aug. 31, 1993, net sales were $65,081,000, compared to sales of $64,413,000 for the same period last year, and net earnings were $9,084,000 ($.54 a share), compared to earnings for the same period last year of $10,445,000 ($.58 a share). Per share earnings computations were based on 16,959,072 shares for 1993 and 17,865,848 shares for the prior period.
 For the second quarter ended Aug. 31, 1993, net sales were $33,813,000 compared to sales of $33,180,000 for the same period last year, and net earnings were $4,486,000 ($.27 a share), compared to net earnings for the same period last year of $5,475,00 ($.31 a share).
 Net earnings for the three-month and six-month periods ended Aug. 31, 1992 included gains from discontinued operations of $162,000 ($.01 a share) and $560,000 ($.03 a share), respectively.
 As a result of the passage of the Revenue Reconciliation Act of 1993, which increased corporate income tax rates retroactive to Jan. 1, 1993, net earnings for the three-month and six-month periods ended Aug. 31, 1993 were reduced $219,000 ($.01 a share).
 ENNIS BUSINESS FORMS, INC.
 Earnings Summary
 (Thousands Omitted)
 Six Months Ended August 31, 1993 1992
 Net sales $65,081 64,413
 Earnings from continuing
 operations before income taxes 14,558 15,520
 Provision for income taxes 5,474 5,635
 Earnings from continuing
 operations 9,084 9,885
 Earnings from discontinued
 operation - net of taxes -- 560
 Net earnings $ 9,084 10,445
 Per share amounts:
 Continuing operations $ .54 .55
 Discontinued operation -- .03
 Net earnings $ .54 .58
 Three Months Ended August 31, 1993 1992
 Net sales $33,813 33,180
 Earnings from continuing
 operations before income taxes 7,362 8,335
 Provision for income taxes 2,876 3,022
 Earnings from continuing
 operations 4,486 5,313
 Earnings from discontinued
 operation - net of taxes -- 162
 Net earnings $ 4,486 5,475
 Per share amounts:
 Continuing operations $ .27 .30
 Discontinued operation -- .01
 Net earnings $ .27 .31
 -0- 9/14/93
 /CONTACT: Kenneth A. McCrady of Ennis Business Forms, Inc., 214- 875-6581/
 (EBF)


CO: Ennis Business Forms, Inc. ST: Texas IN: PAP SU: ERN

LD -- NY094 -- 2012 09/14/93 19:32 EDT
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Publication:PR Newswire
Date:Sep 14, 1993
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