Courier Corp. Sales, Income Up in Third Quarter

Courier's book manufacturing segment had third-quarter sales of $56.8 million, up 8% from $52.7 million in fiscal 2009's third quarter. The segment's operating income was $3.7 million, virtually flat from last year's third quarter. Gross profit in the segment was $10.0 million, or 18% of sales, versus $9.9 million, or 19% of sales, in the third quarter of fiscal 2009, reflecting the very competitive pricing environment as well as approximately $500,000 in startup costs related to the company's new digital operation, Courier Digital Solutions.