Courier’s fourth-quarter revenues were $73.7 million, up 5 percent from $70.2 million in last year’s fourth quarter, and net income was up sharply to $6.4 million. For fiscal 2011 overall, its sales were $259.4 million, up slightly from $257.1 million.
At this year’s GRAPH EXPO, Muller Martini invited booth visitors to “Connect with MM Digital” via live, in-person demonstrations of innovative technology engineered to accommodate today’s traditional and digital demands. Muller Martini was pleased to report two significant equipment purchases that took place on the show floor:
Commercial printer equipment installations and other news from Printing Impressions’ August 2011 edition, featuring items on The Foresight Group and Mercury Print Productions.
Courier’s revenues in the third quarter were $61.9 million, down 5 percent from last year’s third-quarter sales of $64.9 million. Faced with continuing uncertainty about the fate of the remaining Borders stores, it took an impairment charge of $8.6 million.
Its second-quarter revenues were $62.7 million, up 6 percent from the previous year’s quarter, but Courier reported a net loss for the quarter of $4.8 million. Excluding the restructuring costs and bad-debt provision, net income for the quarter was $350,000.
After mulling its fate for the better part of a month, book manufacturer and specialty publisher Courier Corp. has decided to close the company's manufacturing plant in Stoughton, MA, on April 30, due to competitive pressures and technology shifts affecting the one-color paperback books in which the plant specializes.
Chelmsford-based Courier Corp., one of the country’s leading book manufacturers and specialty publishers, announced the closure of Courier Stoughton (MA) “due to competitive pressures and technology shifts.” It has been a slow death for the plant over the last decade. Previously, 170 employees worked there. Courier CFO Peter Folger said it was a matter of “having too much capacity” for the amount of demand.
To date, about 10 Stoughton workers, including a local selectman, are slated to take jobs at the other operations. “We know all these people,” Folger said of the workforce. “It’s horrible from their perspective.”
NORTH CHELMSFORD, MA—After mulling its fate for the better part of a month, book manufacturer and specialty publisher Courier Corp. has decided to close the company's manufacturing plant in Stoughton, MA, on April 30, due to competitive pressures and technology shifts affecting the one-color paperback books in which the plant specializes.
The book manufacturer will be closing its facility in Stoughton, MA, on April 30, 2011, due to competitive pressures and technology shifts affecting the one-color paperback books in which the plant specializes. Currently, 110 people are employed at this smallest of Courier’s six plants.
NORTH CHELMSFORD, MA—Book manufacturer/specialty publisher Courier Corp. is considering closing its Stoughton, MA, manufacturing plant due to the impact of technology and competitive pressures affecting one-color paperback books, which are produced there. The company expects to make a decision by the end of February.
