Courier's Revenues, Net Income Rebound in First Quarter

Book manufacturing earnings up 59% on 8% sales gain

Courier’s book manufacturing segment had first-quarter sales of $54.8 million, up 8% from $50.9 million in last year’s first quarter. The segment’s operating income was $5.7 million, up 59% from $3.6 million a year ago. Gross profit in the segment rose to $13.1 million from $10.6 million in fiscal 2009, and rose as a percentage of sales to 23.8% from last year’s figure of 20.9%.