Courier Reports Education Sales Up, Borders Fallout Induces Loss

For fiscal 2011 to date, segment sales were $30.8 million, compared to $34.1 million for the first nine months of fiscal 2010. The segment’s operating loss through nine months was $3.2 million, excluding the second-quarter bad-debt provision for Borders, vs. a loss of $925,000 for last year’s first nine months.