Courier Reports Sales Increase, Return to Profitability

NORTH CHELMSFORD, MA—Nov 15, 2010—Courier Corp., one of America's leading book manufacturers and specialty publishers, announced fourth-quarter and full-year results for its fiscal year ended Sept. 25, 2010.

Courier's consolidated fourth-quarter revenues were $70.2 million, up 3 percent from $68.4 million in last year's fourth quarter. Net income for the fourth quarter was $1.1 million, including a non-cash, pre-tax impairment charge of $4.7 million related to the company's Creative Homeowner publishing business. Excluding the impairment charge, net income for this year's fourth quarter would have been $4.2 million. Net income for the fourth quarter of fiscal 2009 was $5.7 million.