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

Gross profit for the first nine months of fiscal 2012, again excluding restructuring costs, was $32.1 million or 19.6 percent of sales, compared to $31.9 million or 19.5 percent of sales last year. The modest year-to-date improvement in gross profit margins, achieved despite a highly competitive pricing environment and reduced recycling income, reflects improved operating efficiencies created by last year’s technology investments and the further consolidation of the company’s one-color printing operations.