Courier Reports Fourth-Quarter EPS of $.09

Courier Corporation CRRC today announced fourth-quarter and full-year results for its fiscal year ended September 25, 2010. Courier's consolidated fourth-quarter revenues were $70.2 million, up 3% from $68.4 million in last year's fourth quarter. Net income for the fourth quarter was $1.1 million or $.09 per diluted share, including a non-cash, pre-tax impairment charge of $4.7 million related to the company's Creative Homeowner publishing business. Excluding the impairment charge, net income for this year's fourth quarter would have been $4.2 million or $.35 per diluted share. Net income for the fourth quarter of fiscal 2009 was $5.7 million or $.48 per diluted share.