From the press release:
"We were hit by simultaneous challenges on both sides of our business this quarter," said Courier Chairman and Chief Executive Officer James F. Conway III. "In book manufacturing, despite all indications pointing to another full year of strong sales in education, textbook reprint orders were unexpectedly slow this fall, sharply reducing the segment's capacity utilization and profitability even as we continued to gain share. Normally, publishers order textbook reprints during the fall to spread manufacturing workloads throughout the year, but this year a variety of industry factors significantly reduced that order flow. In publishing, Creative Homeowner sales continued to be held back by reduced consumer traffic at home improvement centers, its most important sales channel.
The stock is trading at $26.01 which is a 52week low.