Courier Records Net Income Gain from Printing Services, Compared to Net Loss in Q2 2011

Second-quarter revenues for the segment were $9.6 million, down 5 percent from $10.1 million in last year’s second quarter. The segment’s operating loss for the quarter was $1.1 million, compared to a loss of $2.0 million last year including a $750,000 bad-debt provision related to Borders.

For fiscal 2012 to date, segment sales were $19.1 million, versus $20.9 million for the first half of last year. The segment’s operating loss through six months was $3.0 million, vs. $2.8 million for the corresponding period last year.