Courier Reports Year-End Financial Results: Revenue Up 5 Percent; EBITDA Comparable to Previous Year

Fourth-quarter revenues for the segment were $9.0 million, down 4 percent from $9.4 million in last year’s fourth quarter. For the year as a whole, publishing sales were $33.4 million, down slightly from $33.7 million in fiscal 2013. Operating income in the fourth quarter was $391,000, up from $343,000 last year. The segment’s full-year operating loss was $187,000, much improved from a loss of $1.8 million last year. The improved performance reflected increased revenues and profits from ebooks, the continuing success of Dover’s Creative Haven product line, and cost containment measures.