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

Courier’s book manufacturing segment had second-quarter sales of $55.5 million, comparable to the same period last year. For fiscal 2012 to date, book manufacturing sales were $111.5 million, up 3 percent from fiscal 2011.

On a year-to-date basis, operating income was $7.5 million, up 20 percent from $6.2 million for the first six months of last year. Again excluding restructuring costs, gross profit for the second quarter was $9.1 million, or 16.5 percent of sales, vs. $8.9 million, or 16.1 percent of sales, last year.