Courier Reports Growth in Book Manufacturing Segment

Overall, the segment lost $1.8 million in the quarter. Excluding severance and post-retirement benefits costs, the segment’s loss was $1.3 million, versus a loss of $0.8 million in fiscal 2011. Gross profit in the segment was $3.1 million or 32.7 percent of sales, versus $3.8 million or 35.6 percent of sales in last year’s first quarter, reflecting the impact of lower sales.