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

Book manufacturing: continuing strength in higher education

Courier’s book manufacturing segment had fourth-quarter sales of $58.8 million, down 8% from $63.5 million last year. Operating income in the fourth quarter was $8.0 million, including $1.0 million of restructuring costs related to the closing of a one-color printing plant in February 2009. Fourth-quarter operating income in fiscal 2008 was $10.4 million.