Courier Records Modest Declines in Q4, Net Loss for Fiscal Year

Fourth-quarter revenues for the segment were $11.9 million, down 28% from $16.4 million in last year’s fourth quarter. Creative Homeowner sales were down 57%, reflecting its cessation of book distribution activities earlier in the year; however, its operating loss was also down sharply, to $526,000 from $1.1 million in last year’s fourth quarter. Sales at Dover and REA were also down, though by smaller percentages. Overall, the segment posted fourth-quarter operating income of $928,000, versus $1.3 million last year.