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

“As expected, we did better in the fourth quarter than earlier in the year,” said Courier Chairman and Chief Executive Officer James F. Conway III. “While we continued to wrestle with the worst recession in decades, we were helped by the tough measures we took early in the downturn to reduce operating costs and align our capacity with market conditions. In addition to winding down Creative Homeowner’s distribution operation, those measures included closing a small one-color book manufacturing plant, consolidating one-color work at other manufacturing facilities and reducing our overall employee base by 12%. Equally important, we did all this without compromising either our service to customers or our investment in the future.