Tufco Technologies, Inc. Announces Fiscal Year 2012 Fourth Quarter and Fiscal Year 2012 Results; Comments on Outlook

Tufco Technologies, Inc. Announces Fiscal Year 2012 Fourth Quarter and Fiscal
Year 2012 Results; Comments on Outlook

GREEN BAY, Wis., Dec. 18, 2012 (GLOBE NEWSWIRE) -- Tufco Technologies, Inc.
(Nasdaq:TFCO), a leading provider of contract converting, printing, laminating
and business imaging products, today announced that for the fourth quarter of
fiscal year 2012, sales were $28,698,000, a decrease of 2% from the fourth
quarter of fiscal year 2011. For fiscal year 2012, sales were $107,042,000 a
decrease of 3% from fiscal year 2011 sales. Net income per diluted share for
the fourth quarter was $0.09 compared to $0.08 net loss per diluted share for
the fourth quarter of fiscal 2011. For full fiscal year 2012, net loss was
$0.01 per diluted share, compared to net loss of $0.10 per diluted share for
fiscal year 2011.

The fourth quarter of fiscal year 2012 generated improved profitability at
both operations. Green Bay operations benefitted from improved operating
costs. "Management of both the Green Bay and Newton operations remain focused
on increasing sales, reducing costs and continuing to improve profitability,"
said Jim Robinson, Tufco's President and CEO.

Tufco, headquartered in Green Bay, Wisconsin, has manufacturing and
warehousing operations in Wisconsin and North Carolina.

Information about the results reported herein, or copies of the Company's
Quarterly Reports, may be obtained by calling the contact person listed below.

This press release, including the discussion of the Company's fiscal 2012
results in comparison to fiscal 2011 contains forward-looking statements
regarding current expectations, risks and uncertainties for future periods.
The actual results could differ materially from those discussed herein due to
a variety of factors such as the Company's ability to increase sales, changes
in customer demand for its products, cancellation of production agreements by
significant customers including two Contract Manufacturing customers it
depends upon for a significant portion of its business, its ability to meet
competitors' prices on products to be sold under these production agreements,
the effects of the economy in general, including the slow economic recovery
from the continuing economic downturn, the Company's inability to benefit from
any general economic improvements, react to material increases in the cost of
raw materials or competition in the Company's product areas, the ability of
management to successfully reduce operating expenses, the Company's ability to
increase sales and earnings as a result of new projects and services, the
Company's ability to successfully install new equipment on a timely basis and
to improve productivity through equipment upgrades, the Company's ability to
continue to produce new products, the Company's ability to comply with the
financial covenants in its credit facility, the Company's ability to extend or
refinance its credit facility upon expiration, the Company's ability to
sustain profitable operations, the Company's ability to successfully attract
new customers through its sales initiatives and strengthening its new business
development efforts, the Company's ability to improve the run rates for its
products, and changes to regulations governing its operations or other factors
beyond the Company's control. Therefore, the financial data for the periods
presented may not be indicative of the Company's future financial condition or
results of operations. The Company assumes no responsibility to update the
forward-looking statements contained in this press release.



TUFCO TECHNOLOGIES, INC.
Condensed Consolidated Balance Sheets
(Amounts in 000's)
                                                  
                                                  
                                    September 30, September 30,
                                    2012           2011
                                                  
ASSETS                                             
                                                  
Cash                                 $8           $8
Accounts Receivable - Net            16,457        15,363
Inventories - Net                    17,450        14,200
Other Current Assets                 551           1,335
Total Current Assets                 34,466        30,906
                                                  
Property, Plant and Equipment - Net  15,848        17,027
Goodwill                             7,212         7,212
Other Assets - Net                   130           136
Total                                $57,656      $55,281
                                                  
                                                  
LIABILITIES AND STOCKHOLDERS' EQUITY               
                                                  
Revolving Line of Credit             $7,280       $6,449
Current Portion of Note Payable      274           259
Accounts Payable                     10,618        8,968
Accrued Liabilities                  615           572
Other Current Liabilities            670           470
Total Current Liabilities            19,457        16,718
                                                  
Long-Term Debt                       494           768
Deferred Income Taxes                1,989         2,085
                                                  
Common Stock and Paid-in Capital     25,655        25,596
Retained Earnings                    12,218        12,271
Treasury Stock                       (2,157)       (2,157)
Total Stockholders' Equity           35,716        35,710
                                                  
Total                                $57,656      $55,281




TUFCO TECHNOLOGIES, INC.
Condensed Consolidated Statements of Operations
(Amounts in 000's except share and per share data)
                                                                
                                                                
                                  Three Months Ended    Twelve Months Ended
                                  September 30,        September 30,
                                  2012       2011       2012       2011
                                                                
Net Sales                          $28,698  $29,148  $107,042 $109,906
                                                                
Cost of Sales                      26,624    28,127    101,238   104,662
                                                                
Gross Profit                       2,074     1,021     5,804     5,244
                                                                
SG&A Expense                       1,427     1,465     5,690     5,731
Gain on Asset Sales                (66)      --        (66)      --
Operating Income (Loss)            713       (444)     180       (487)
                                                                
Interest Expense                   66        77        272       276
Interest Income and Other Income   --        --        (8)       (50)
Income (Loss) Before Income Taxes  647       (521)     (84)      (713)
                                                                
Income Tax Expense (Benefit)       241       (194)     (31)      (266)
                                                                
Net Income (Loss)                  $406     $(327)   $(53)    $(447)
                                                                
Net Income (Loss) Per Share:                                     
Basic                              $0.09    $(0.08)  $(0.01)  $(0.10)
Diluted                            $0.09    $(0.08)  $(0.01)  $(0.10)
                                                                
Weighted Average Common Shares                                   
Outstanding:
Basic                              4,308,947 4,308,947 4,308,947 4,308,947
Diluted                            4,312,327 4,308,947 4,308,947 4,308,947



CONTACT: Michael B. Wheeler, VP and CFO
         Tufco Technologies, Inc.
         P. O. Box 23500
         Green Bay, WI 54305-3500
         (920) 336-0054
         (920) 336-9041 (Fax)