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January 20, 2010By Michael Cader

Publishing Shows Some Improvement at Courier

January 20, 2010By Michael Cader

Courier’s battered publishing division, comprising Dover Publications, Creative Homeowner, and Research & Education Association, grew slightly in their fiscal first quarter, up $100,000 at $11.6 million. Dover sales rose 18 percent, though Creative Homeowner was down 61 percent, “reflecting continued weakness in store traffic at home centers, the company’s largest sales channel” and the discontinuation of their book distribution services a year ago. The unit’s loss was reduced to $500,000 from $1.9 million a year ago. Overall sales for the quarter were $63.1 million, up 6 percent from a year ago, with improved net income of $2.8 million.Release

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Filed Under: Earnings Reports, Publishers

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