Key Developments: Courier Corp (CRRC.OQ)
15.80USD
1 Aug 2013
$0.28 (+1.80%)
$15.52
$15.83
$15.83
$15.70
7,671
11,848
$15.95
$10.55
Latest Key Developments (Source: Significant Developments)
Courier Corp Declares Quarterly Dividend
Courier Corp declared a dividend of GBP0.21 per common share, payable August 30, 2013, to stockholders of record on August 16, 2013. The amount of the dividend is the same as declared in the previous quarter. Full Article
Courier Corp Narrows FY 2013 Guidance
Courier Corp announced that it expect fiscal 2013 sales of between $269 million and $278 million and also expect earnings per diluted share (EPS) of between $.80 and $1.00, which compares with its fiscal 2012 earnings of $.91 per diluted share, excluding restructuring charges. In fiscal 2013, the Company expect EBITDA to be between $40 million and $44 million, compared to $42 million in fiscal 2012, excluding restructuring charges. Full Article
Courier Corp and Ingram Content Group Form Strategic Relationship to Expand Publisher Services
Courier Corp and Ingram Content Group Inc announced that they will be working together to offer an array of global content services for publisher clients. Courier will use Ingram`s print-on-demand and digital distribution services, and Ingram will use Courier`s printing capabilities to streamline workflow and speed delivery to retailers and readers worldwide. Through this relationship, Courier will now offer an expanded range of print-on-demand and distribution services, both for its mainstream publishing customers and for self-publishers. At the same time, Courier Publishing imprints such as Dover Publications will use Ingram`s Print To Order channel capabilities to make backlist titles available immediately throughout Ingram`s global distribution network. Ingram will use Courier`s capabilities to provide full-service manufacturing and distribution to publishers through its new Life Print offering, which is a one-stop service experience for publishers and their manufacturing needs. Through Life Print, publishers will reduce their operational, print and administrative costs with the fast, cost-effective and easy solution that integrates services to meet all of publishers` print format needs. In addition, the service is global, taking advantage of Ingram`s print-on-demand centers around the world and well-established logistics networks. Full Article
Courier Corp Lowers FY 2013 Revenue Guidance; Reaffirms FY 2013 Earnings Guidance
Courier Corp announced that for fiscal 2013, it expects sales of between $266 million and $281 million, earnings per diluted share (EPS) of between $.75 and $1.05 and EBITDA to be between $39 million and $45 million. Full Article
Courier Corp Acquires FastPencil
Courier Corp announced that it has acquired FastPencil, Inc., a developer of end-to-end, cloud-based content management technology. A startup headquartered in Campbell, California, FastPencil serves authors and publishers with full-featured, open-platform solutions spanning content, workflow, marketing and distribution. It also provides simple automated systems to help self-publishers get to market quickly and effectively in both print and e-book form, including the technology behind Barnes & Noble`s new NOOK Press, introduced earlier this month. Terms of the acquisition were not disclosed. Full Article
Courier Corp Reaffirms FY 2013 Guidance
Courier Corp announced that for fiscal 2013, it expects sales of between $268 million and $283 million, earnings per diluted share (EPS) of between $.75 and $1.05 and EBITDA to be between $39 million and $45 million. Full Article
Courier Corp Declares Quarterly Dividend and Announces New Share Repurchase Plan
Courier Corp announced that it has declared a dividend of 21.0 cents per common share, payable December 14, 2012 to stockholders of record on November 30, 2012. The amount of the dividend is the same as declared in the previous quarter. The Board of Directors also authorized the repurchase of up to $10 million of the Company's outstanding common stock to be carried out over the next twelve months. Share repurchases will take place from time to time at management's discretion depending on market conditions, share price and other factors, either on the open market or privately negotiated, and may include repurchases pursuant to Securities and Exchange Commission Rule 10b5-1 nondiscretionary trading programs. The share repurchase program may be suspended or terminated at any time without prior notice. Full Article
Courier Corp Issues FY 2013 Guidance; EPS Guidance In Line With Analysts' Estimates-Conference Call
Courier Corp announced that for fiscal 2013, it expects sales of between $269 million and $283 million, an increase of between 3% and 8% over the 53-week period of fiscal 2012, earnings per share (EPS) between $0.75 and $1.05, which compares with fiscal 2012 earnings of $0.91 per share and EBITDA to be between $39 million and $45 million compared to $42 million in fiscal 2012, again excluding restructuring charges. According to I/B/E/S estimates, analysts were expecting the Company to report EPS of $0.89 for fiscal 2013. Full Article
Courier Corporation Declares Quarterly Dividend
Courier Corporation announced that it has declared a dividend of $0.21 per common share, payable August 31, 2012, to stockholders of record on August 17, 2012. The amount of the dividend is the same as declared in the previous quarter. Full Article
Courier Corporation Declares Quarterly Dividend And Announces New Share Repurchase Plan
Courier Corporation announced the Board of Directors of the Company have declared a dividend of $0.21 per common share, payable May 25, 2012, to stockholders of record on May 11, 2012. The amount of the dividend is the same as declared in the previous quarter. The Board of Directors also authorized the repurchase of up to $10 million of the Company’s outstanding common stock to be carried out over the next twelve months. Share repurchases will take place from time to time at management’s discretion depending on market conditions, share price and other factors, either on the open market or privately negotiated, and may include repurchases pursuant to Securities and Exchange Commission Rule 10b5-1 nondiscretionary trading programs. The share repurchase program may be suspended or terminated at any time without prior notice. Full Article
Courier wants attitude change on Davis Cup team
- U.S. Davis Cup captain Jim Courier would like to see an attitude change in his singles players when the Americans take on Serbia and world number one Novak Djokovic in a quarter-finals tie next month in Boise, Idaho.

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