Courier Swings from Loss to Net Income of $1.6 Million on Sales of $59 Million

For the first nine months of fiscal 2011, the company’s net loss was $6.3 million, including second-quarter restructuring costs and a bad-debt provision related to Borders as well as the third-quarter impairment charge. Excluding those items for both periods, adjusted net income for the first nine months of fiscal 2012 was $4.2 million, compared to $4.0 million or $.34 per diluted share for the first nine months of fiscal 2011.