Courier Records Net Income Gain Compared to Net Loss in Q2 2011

Faced with the market’s continuing shift from one- to four-color book production, in early April Courier moved some one-color work from Westford, MA, to its Kendallville, IN, plant, which had redundant one-color capacity. This consolidation resulted in the loss of 34 positions in Westford. The company expects the consolidation to provide annualized pre-tax savings of approximately $1 million.