Courier Reports Education Sales Up, Borders Fallout Induces Loss

“The situation at Borders continued to be a major thorn in our side,” said Courier Chairman and CEO James F. Conway III. “The resulting shrinkage in trade demand affected both our own publishing segment and the publishing customers we serve as a manufacturer.

“Yet it was also a quarter of important accomplishments. With new presses up and running at both our Indiana and Massachusetts facilities, we extended our leadership in four-color technology while meeting high demand for college textbooks and even faster growth in customized textbook production. We had another solid quarter with our largest religious customer, helping them to bring Scriptures to more countries than ever. We published several books that won prestigious industry awards. And we completed the painful task of closing our one-color plant in Stoughton, MA, achieving significant savings with no adverse impact on our service to customers,” Conway continued.