Courier Starts Off Strong in New Fiscal Year

“Helped by increased e-book sales and resolute cost containment, our publishing segment continued to trim its losses during the quarter. We look forward to further expansion of our online offerings, both direct to consumers and through large and small online retailers.”

Outlook

“With a solid quarter behind us, our debt down and our improved efficiency, we are well positioned to take advantage of the continuing evolution of the markets we serve,” said Conway. “As a book manufacturer, we expect to continue to outpace the overall education market with our integrated solutions for customized textbook production, capture additional short-run opportunities among trade publishers, and extend our international role on behalf of our largest religious customer. As a publisher, while we remain cautious about consumer spending, we expect to benefit from our investments in e-books and other digital content to complement our print offerings.