Courier Corp. Reports Sales, Income Up for First Quarter

Conway also noted: “Meanwhile, our publishing segment continued to turn out appealing new products with a lean organization focused on core strengths and promising opportunities. Several well-received new titles and good growth in online sales helped offset continued attrition in bricks-and-mortar sales channels. With revenues virtually unchanged from last year, the segment still managed to reduce its operating loss by 47 percent. With strong cash flow throughout the quarter, we continued to invest in new markets and technologies, adding another digital press in Kendallville and pursuing opportunities in Brazil. Today I am pleased to report that once again our Board of Directors has declared a dividend of $.21 per share, the same as last quarter.”