Courier’s Sales Off Overall, but Digital Business Up Sharply

Book manufacturing: focusing on long-term opportunities

Courier’s book manufacturing segment had first-quarter sales of $53.0 million, off 3 percent from $54.8 million in last year’s first quarter. The segment’s operating income was $3.8 million, versus $5.7 million a year ago. Gross profit in the segment was $11.4 million or 21.5 percent of sales, versus $13.1 million or 23.8 percent of sales in fiscal 2010, reflecting lower one-color capacity utilization and pricing pressures throughout the industry.