Courier’s Strong Quarter for Book Manufacturing Boosts Its Results

“As in the past, we expect our performance in fiscal 2012 to follow a seasonal pattern, with the larger portion of our earnings coming in the second half.

“In line with our past practice, today’s guidance, including comparisons to prior performance, excludes impairment and restructuring charges. It also excludes severance expenses related to this fall’s cost-reduction measures in our publishing segment as well as certain post-retirement benefits. Overall, we expect fiscal 2012 sales of between $273 million and $286 million, an increase over fiscal 2011 of between 5 percent and 10 percent (which includes the benefit of a 53-week year in fiscal 2012). And we expect earnings per diluted share of between $.75 and $1.05, which compares with our fiscal 2011 earnings of $.89 per diluted share, excluding the Borders receivable write-off.