Courier’s Strong Quarter for Book Manufacturing Boosts Its Results

“With our new presses up and running, we expect capital expenditures, which were $16 million in fiscal 2011, to decline to between $10 million and $12 million in fiscal 2012. We also expect to benefit from a full year’s worth of cost reductions related to the March 2011 closure of our one-color plant in Stoughton, MA, as well as from cost reductions this fall at Courier Publishing.