Courier Corp. Sales, Income Up in Third Quarter
Third-quarter revenues for the segment were $10.9 million, down 4% from $11.3 million in last year's third quarter. REA continued to perform well, with sales up 2% in the quarter and up 22% through the first nine months of fiscal 2010. Sales at Dover were down 6% in the quarter, but up 3% year-to-date. Creative Homeowner sales were down 4% in the quarter and down 28% through nine months, reflecting continued weakness in home center sales as well as the absence of revenues from a book distribution service Creative Homeowner exited in fiscal 2009. However, Creative Homeowner's third-quarter operating loss of $406,000 was 30% less than its loss in last year's third quarter. Overall, the segment lost $424,000 in the quarter, versus an operating loss of $624,000 a year earlier.
- Companies:
- Courier Corp.