Tufco (TFCO) 8-K Results of Operations and Financial Condition

Exhibit 99.1

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NEWS RELEASE

For Immediate Release

TUFCO TECHNOLOGIES, INC. REPORTS FISCAL YEAR 2007 THIRD QUARTER AND
FIRST NINE MONTHS RESULTS ;
REPORTS RECORD SALES

GREEN BAY, WI (August 14, 2007)—Tufco Technologies, Inc. (NASDAQ: TFCO), a leader in providing diversified contract wet and dry wipes converting and printing, as well as wide web flexographic specialty printing services and business imaging products, today announced that fiscal year 2007 third quarter sales were $29,815,000, up 9% over fiscal year 2006 third quarter sales. For the nine months, sales were $84,420,000, up 18% from the comparable period of 2006.

Net income per diluted share for the 2007 third quarter was $0.06 per share compared to $0.07 net income per diluted share for the third quarter of 2006. For the first nine months of 2007, net income per diluted share was $0.10 per share compared to $0.12 per share for the 2006 first nine months.

In commenting on the results, Louis LeCalsey, Tufco’s President and CEO said, “We are pleased with our record sales, which resulted in part from the start-up of new products in 2007. We are now focused on improving operating profit through improved manufacturing productivity and elimination of new product start-up costs.”

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

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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 2007 results in comparison to fiscal 2006, 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 changes in customer demand for its products, cancellation of production agreements by significant customers, material increases in the cost of base paper stock, competition in the Company’s product areas, an inability of management to successfully reduce operating expenses including labor and waste costs in relation to net sales without damaging the long-term direction of the Company, the Company’s ability to increase sales and earnings as a result of new projects, the Company’s ability to successfully install new equipment on a timely basis, the Company’s ability to produce new products, the Company’s ability to continue to improve profitability, and the Company’s ability to improve the run rates for its product. Therefore, the selected 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.

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)

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TUFCO TECHNOLOGIES, INC.
Condensed Balance Sheets
(Amounts in 000’s)

	June 30,			September 30,
	2007			2006
ASSETS
Cash & Cash Equivalents	$	6		$	5
Accounts Receivable — Net		13,678			15,079
Inventories		18,070			14,125
Other Current Assets		1,460			1,173
Total Current Assets		33,214			30,382
Property, Plant and Equipment — Net		19,433			18,941
Goodwill — Net		7,212			7,212
Other Assets		133			154
Total	$	59,992		$	56,689
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts Payable	$	13,555		$	9,923
Accrued Liabilities		1,654			1,050
Total Current Liabilities		15,209			10,973
Long-Term Debt		5,633			7,073
Deferred Income Taxes		2,077			2,103
Common Stock and Paid-in Capital		25,342			25,274
Retained Earnings		12,873			12,408
Treasury Stock		(1,142	)		(1,142	)
Total Stockholders’ Equity		37,073			36,540
Total	$	59,992		$	56,689

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TUFCO TECHNOLOGIES, INC.
Condensed Consolidated Statements of Operations
(Amounts in 000’s except share and per share data)

	Three Months Ended					Nine Months Ended
	June 30,					June 30,
	2007			2006		2007			2006
Net Sales	$	29,815		$	27,428	$	84,419		$	71,830
Cost of Sales		28,165			25,777		80,291			67,818
Gross Profit		1,650			1,651		4,128			4,012
SG&A Expense		1,075			1,101		3,028			3,112
Operating Income		575			550		1,100			900
Interest Expense (Income)		133			106		382			191
Interest Income and Other (Income) Expense		(1	)		4		(18	)		(62	)
Income Before Income Tax		443			440		736			771
Income Tax Expense		156			126		271			236
Net Income	$	287		$	314	$	465		$	535
Net Income Per Share:
Basic	$	0.06		$	0.07	$	0.10		$	0.12
Diluted	$	0.06		$	0.07	$	0.10		$	0.12
Weighted Average Common Shares Outstanding:
Basic		4,535,640			4,535,244		4,535,376			4,539,105
Diluted		4,572,142			4,553,085		4,562,988			4,549,605