Courier Reports Sales Increase, Return to Profitability

“Having seen capital expenditures rise from $10 million in fiscal 2009 to $28 million in fiscal 2010, we expect them to drop by about $10 million in fiscal 2011, as most of the spending on Courier Digital Solutions and our new Kendallville press has already been accounted for. Yet for the first time, we will have nearly a full year to benefit from those investments--and not only as a book manufacturer, but also as a publisher. By doing more for less with our combination of digital and offset platforms, our publishing businesses will be able to reach out more effectively to retailers and consumers with new niche products and an expanded backlist, generating further gains as the economy improves.