Courier Reports Sales Up, Earnings Down Due to Plant Closure

In Courier’s book manufacturing segment, sales were up in both the religious and education markets, while trade sales were down, reflecting the ripple effects of Borders’ restructuring and store closings. In Courier’s publishing segment, these effects were much more pronounced, as Borders had accounted for 9 percent of its publishing sales in fiscal 2010’s first half, but only 2 percent in fiscal 2011. Sales were down in the quarter at all three of Courier’s publishing businesses.