<PAGE>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------

                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, D.C. 20549

                            ------------------------

                                  FORM 10-Q

(Mark One)

  /X/    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

               For the quarterly period ended June 26, 1999

                                       or

  / /    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
         SECURITIES EXCHANGE ACT OF 1934

        For the transition period from ______________ to ______________

                         Commission file number 0-7597


                               COURIER CORPORATION
             (Exact name of registrant as specified in its charter)

             MASSACHUSETTS                             04-2502514
    (State or other jurisdiction of       (I.R.S. Employer Identification No.)
     incorporation or organization)

            15 Wellman Avenue,
      North Chelmsford, Massachusetts                    01863
  (Address of principal executive offices)             (zip code)

                                 (978) 251-6000
              (Registrant's telephone number, including area code)

                                 NO CHANGE
   (Former name, former address and former fiscal year, if changed since last
                                    report)

Indicate by check mark whether the registrant: (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports) and (2) has been subject to such
filing requirements for the past 90 days. Yes /X/  No / /

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date:

               Class                           Outstanding at August 4, 1999
     Common Stock, $1 par value                       3,232,699 shares

--------------------------------------------------------------------------------
--------------------------------------------------------------------------------

                           Page 1 of 12

<PAGE>

                               COURIER CORPORATION
               CONSOLIDATED CONDENSED BALANCE SHEETS (UNAUDITED)
                             (Dollars in thousands)


<TABLE>
<CAPTION>
                                                            June 26,                September 26,
ASSETS                                                      1999                    1998
------                                                   --------------          --------------

<S>                                                      <C>                     <C>
Current assets:
   Cash and cash equivalents                               $1,859                      $722
   Accounts receivable, less allowance
     for uncollectible accounts                            27,047                    27,941
   Inventories (Note B)                                    12,008                    10,828
   Deferred income taxes                                    1,752                     1,758
   Other current assets                                       418                       847
                                                         --------------          --------------

     Total current assets                                  43,084                    42,096

Property, plant and equipment, less
  accumulated depreciation: $74,985
  at June 26, 1999 and $69,102
  at September 26, 1998                                    29,643                    33,257

Real estate held for sale or lease, net                       323                       336

Goodwill and other intangibles, net                        10,925                    11,421

Other assets                                                  513                       520
                                                         --------------          --------------

  Total assets                                            $84,488                   $87,630
                                                         --------------          --------------
                                                         --------------          --------------
</TABLE>










 The accompanying notes are an integral part of the consolidated financial
                                   statements.














                                  Page 2 of 12

<PAGE>


                               COURIER CORPORATION
               CONSOLIDATED CONDENSED BALANCE SHEETS (UNAUDITED)
                             (Dollars in thousands)


<TABLE>
<CAPTION>
                                                          June 26,                September 26,
LIABILITIES AND STOCKHOLDERS' EQUITY                      1999                    1998
------------------------------------                 ---------------           ----------------

Current liabilities:
<S>                                                  <C>                       <C>
 Current maturities of long-term debt                        $325                      $312
 Accounts payable                                           8,592                     9,294
 Accrued payroll                                            4,401                     4,319
 Accrued taxes                                              4,114                     4,935
 Other current liabilities                                  6,169                     6,709
                                                     ---------------           ----------------

      Total current liabilities                            23,601                    25,569

Long-term debt (Note E)                                     1,288                     6,781
Deferred income taxes                                       2,517                     2,992
Other liabilities                                           2,614                     2,498
                                                     ---------------           ----------------

      Total liabilities                                    30,020                    37,840
                                                     ---------------           ----------------

Stockholders' equity:
 Preferred stock, $1 par value -
  authorized 1,000,000 shares;
  none issued
 Common stock, $1 par value -
  authorized 6,000,000 shares; issued
  3,750,000 shares                                          3,750                     3,750
 Additional paid-in capital                                   761                       384
 Retained earnings                                         53,566                    49,464
 Treasury stock, at cost: 514,000 shares
  at June 26, 1999 and 578,000
  shares at September 26, 1998                             (3,609)                   (3,808)
                                                     ---------------           ----------------

  Total stockholders' equity                               54,468                    49,790
                                                     ---------------           ----------------

Total liabilities and stockholders' equity                $84,488                   $87,630
                                                     ---------------           ----------------
                                                     ---------------           ----------------
</TABLE>











 The accompanying notes are an integral part of the consolidated financial
                                   statements.









                                  Page 3 of 12




<PAGE>


                               COURIER CORPORATION
                  CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
                 (Dollars in thousands except per share amounts)




<TABLE>
<CAPTION>

                                                     QUARTER ENDED       NINE MONTHS ENDED
                                                 --------------------  ----------------------
                                                  June 26,   June 27,   June 26,   June 27,
                                                   1999       1998       1999       1998
                                                 ---------  ---------  ---------- -----------

<S>                                              <C>        <C>       <C>        <C>
Net sales                                        $40,731    $36,903   $120,512   $111,345
Cost of sales                                     30,925     27,591     91,144     84,007
                                                 ---------  --------- ---------- -----------

  Gross profit                                     9,806      9,312     29,368     27,338

Selling and administrative expenses                6,998      6,806     21,187     20,217
Interest expense                                     121        317        423      1,037
Other income (Note F)                                 --      2,043         --      2,043
                                                 ---------  --------- ---------- -----------
  Income before taxes                              2,687      4,232      7,758      8,127

Provision for income taxes (Note C)                  861      1,660      2,645      2,987
                                                 ---------  --------- ---------- -----------

  Net income                                      $1,826     $2,572     $5,113     $5,140
                                                 ---------  --------- ---------- -----------
                                                 ---------  --------- ---------- -----------


Net income per share (Note D):

  Basic                                            $0.57      $0.82      $1.60      $1.67
                                                 ---------  --------- ---------- -----------
                                                 ---------  --------- ---------- -----------

  Diluted                                          $0.55      $0.79      $1.54      $1.59
                                                 ---------  --------- ---------- -----------
                                                 ---------  --------- ---------- -----------


Cash dividends declared per share                 $0.105     $0.093     $0.315     $0.280
                                                 ---------  --------- ---------- -----------
                                                 ---------  --------- ---------- -----------
</TABLE>












 The accompanying notes are an integral part of the consolidated financial
                                  statements.








                                  Page 4 of 12


<PAGE>



                               COURIER CORPORATION
          CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)
                              (Dollars in thousands)



<TABLE>
<CAPTION>

                                                                     NINE MONTHS ENDED
                                                                  ----------------------

                                                                    June 26,   June 27,
                                                                     1999       1998
                                                                  ---------- ----------

    <S>                                                           <C>        <C>
    Cash provided from operating activities                       $ 9,412    $ 5,417
                                                                  ---------- ----------
    Investment activities:
      Capital expenditures                                         (2,273)    (3,336)
      Proceeds from sale of assets (Note F)                            --      4,600
      Business acquisition                                             --       (563)
                                                                  ---------- ----------

    Cash provided from (used for) investment activities            (2,273)       701
                                                                  ---------- ----------

    Financing activities:
      Repayment of long-term debt                                    (230)      (311)
      Decrease in long-term borrowings                             (5,250)    (5,753)
      Cash dividends                                               (1,011)      (865)
      Proceeds from stock plans                                       489        814
                                                                  ---------- ----------

    Cash used for financing activities                             (6,002)    (6,115)
                                                                  ---------- ----------


    Increase in cash and cash equivalents                           1,137          3


    Cash at the beginning of the period                               722         27
                                                                  ---------- ----------

    Cash at the end of the period                                 $ 1,859    $    30
                                                                  ---------- ----------
                                                                  ---------- ----------
</TABLE>








The accompanying notes are an integral part of the consolidated financial
                                  statements.










                                  Page 5 of 12



<PAGE>
                              COURIER CORPORATION

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)



         A.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

         UNAUDITED FINANCIAL STATEMENTS

         The balance sheet as of June 26, 1999, the statements of income for the
         three-month and nine-month periods ended June 26, 1999 and June 27,
         1998, and the statements of cash flows for the nine-month periods ended
         June 26, 1999 and June 27, 1998 are unaudited and, in the opinion of
         management, all adjustments necessary for a fair presentation of such
         financial statements have been recorded. Such adjustments consisted
         only of normal recurring items. Certain amounts for fiscal 1998 have
         been reclassified in the accompanying financial statements in order to
         be consistent with the current year's classification.

         Certain information and footnote disclosures normally included in
         financial statements prepared in accordance with generally accepted
         accounting principles have been condensed or omitted. The year-end
         balance sheet data as of September 26, 1998 was derived from audited
         financial statements, but does not include disclosures required by
         generally accepted accounting principles. It is suggested that these
         interim financial statements be read in conjunction with the Company's
         most recent Form 10-K and Annual Report as of September 26, 1998.

         NEW ACCOUNTING PRONOUNCEMENTS

         Effective September 27, 1998, the Company adopted Statement of
         Financial Accounting Standards (SFAS) No. 130, "Reporting Comprehensive
         Income", and SFAS No. 132, "Employer Disclosures about Pensions and
         Other Postretirement Benefits". The adoption of SFAS No. 130 was not
         material to the consolidated financial statements due to a lack of any
         items defined as other comprehensive income by SFAS No. 130. The
         adoption of SFAS No. 132 was also not material to the consolidated
         financial statements. The Financial Accounting Standards Board has
         issued SFAS No. 131, "Disclosure about Segments of an Enterprise and
         Related Information", which will be effective for the Company's Annual
         Report for the fiscal year ending September 25, 1999, and SFAS No. 133,
         "Accounting for Derivative Instruments and Hedging Activities" (as
         amended by SFAS No. 137 in June 1999), which will be effective in the
         Company's fiscal year ending September 29, 2001. The Company does not
         expect that the implementation of these new standards will be material
         to the consolidated financial statements.

         B.       INVENTORIES

         Inventories are valued at the lower of cost or market. Cost is
         determined using the last-in, first-out (LIFO) method for most
         inventories. Inventories consisted of the following:


<TABLE>
<CAPTION>
                                                            (000's Omitted)
                                                       ------------------------
                                                       June 26,    September 26,
                                                         1999          1998
                                                       -------       -------
<S>                                                    <C>           <C>
                Raw materials                           $3,327        $3,171

                Work in process                          5,164         4,903

                Finished goods                           3,517         2,754
                                                       -------       -------
                        Total inventories              $12,008       $10,828
                                                       -------       -------
                                                       -------       -------
</TABLE>











                                  Page 6 of 12

<PAGE>

                               COURIER CORPORATION

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)


         C.       INCOME TAXES

         The statutory federal tax rate is 34%. The total tax provision differs
         from that computed using the statutory federal tax rate for the
         following reasons:

<TABLE>
<CAPTION>
                                                                  (000's Omitted)

                                                          Quarter Ended     Nine Months Ended
                                                      ------------------  --------------------
                                                      June 26,  June 27,  June 26,   June 27,
                                                        1999      1998      1999       1998
                                                      -------- -------    -------    -------
         <S>                                          <C>      <C>        <C>        <C>
         Federal income taxes at
             statutory rate                            $914     $1,439     $2,638     $2,764
         State income taxes, net                         52        258        167        334
         Goodwill amortization                           43         43        129        129
         Export related income                         (222)       (65)      (343)      (169)
         Other                                           74        (15)        54        (71)
                                                      -------- -------    -------    -------
                Total provision                        $861     $1,660     $2,645     $2,987
                                                      -------- -------    -------    -------
                                                      -------- -------    -------    -------
</TABLE>



         D.      NET INCOME PER SHARE

         Following is a reconciliation of the shares used in the calculation of
         basic and diluted net income per share. Potentially dilutive shares,
         calculated using the treasury stock method, consist of shares issued
         under the Company's stock option and stock grant plans.


<TABLE>
<CAPTION>
                                                                   (000's Omitted)

                                                           Quarter Ended       Nine Months Ended
                                                        -------------------   -------------------
                                                        June 26,   June 27,   June 26,   June 27,
                                                          1999       1998       1999      1998
                                                        --------   --------   --------   --------

          <S>                                            <C>        <C>        <C>         <C>
          Average shares outstanding for basic           3,225      3,119      3,198       3,087
          Effect of potentially dilutive shares             98        146        118         138
                                                        --------   --------   --------   --------

          Average shares outstanding for diluted         3,323      3,265      3,316       3,225
                                                        --------   --------   --------   --------
                                                        --------   --------   --------   --------
</TABLE>





         E.       LONG-TERM DEBT

         In February 1999, the Company extended the maturity date of its $30
         million long-term revolving credit facility for one year to February
         2001.


         F.       OTHER INCOME

         In June 1998, the Company completed the sale of a former industrial
         facility in Philadelphia which had been vacant. During fiscal 1997, the
         Company had completed the consolidation of its operations in
         Philadelphia from this older facility to a recently expanded, more
         efficient manufacturing facility also in Philadelphia. The selling
         price of the facility was $4.6 million, resulting in a pretax gain of
         approximately $2.0 million. The after-tax gain of approximately $1.1
         million, or $.34 per diluted share, generated approximately $3.2
         million of cash after taxes.






                                  Page 7 of 12
<PAGE>

ITEM 2.                       COURIER CORPORATION
                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

RESULTS OF OPERATIONS:

Sales in the third quarter of fiscal 1999 increased 10% to $40.7 million
compared to $36.9 million in the third quarter of fiscal 1998. Sales from the
Company's core book manufacturing segment were up 10% to $40.3 million for the
quarter primarily due to increased sales to religious and educational publishing
customers. The Company's customized education segment consists of The Home
School and Copyright Management Services (CMS). The Home School, which was
acquired on September 30, 1997, is a direct marketer of books and other
educational products for supplementing or replacing traditional education with
home-based learning. CMS provides customized coursepacks and copyright clearance
services primarily to colleges and universities. Revenues from these two newer
businesses grew more than 50% during the third quarter to $0.4 million. The
Company's fourth quarter historically represents the period of highest market
demand for these educationally oriented ventures.

Gross profit increased to $9.8 million, or 24% of sales, in the third quarter
compared to $9.3 million, or 25% of sales, in the same period last year. The
increase in gross profit reflects the impact of the increased sales volume.

Selling and administrative expenses increased to $7.0 million in the third
quarter from $6.8 million in the same period last year. However, as a percentage
of sales, selling and administrative expenses decreased to 17% in the third
quarter compared to 18% of sales in the corresponding period last year.

Interest expense was $121,000 in the third quarter of fiscal 1999 compared to
$317,000 in the same period last year, reflecting a reduction in average
borrowings of approximately $13 million as well as a slightly lower average
interest rate.

Other income in the third quarter of fiscal 1998 represented a gain from the
sale of a former industrial facility in Philadelphia which had been vacant.
The selling price of the facility was $4.6 million, resulting in a pretax
gain of approximately $2.0 million and an after-tax gain of approximately
$1.1 million, or $.34 per diluted share.

The Company's effective tax rate for the third quarter was 32% compared to 39%
in the third quarter last year. The decrease was due to state and local taxes in
the prior year related to the sale of the Philadelphia facility, as well as an
increased benefit from export related income in fiscal 1999.

Net income for the third quarter of fiscal 1999 was approximately $1.8
million, up 24% over last year's third quarter earnings of approximately $1.4
million, when adjusted to exclude the after-tax gain from the sale of real
estate of approximately $1.1 million, or $.34 per diluted share. Net income
per share on a diluted basis increased 22% to $.55 per share compared to the
corresponding period last year, after adjusting to exclude the real estate
gain. Net income in the third quarter of 1998, including the real estate
gain, was $2.6 million, or $.79 per diluted share. Earnings from the
Company's core book manufacturing operations increased to $2.3 million, 13%
over last year's third quarter, reflecting increased sales volume. The
Company's newer businesses, CMS and The Home School, reduced third quarter
earnings by $.14 per diluted share compared to a reduction of $.17 per
diluted share for the same period last year. Revenues and related earnings
for these businesses, both of which are highly seasonal, are expected to
increase in the fourth quarter coinciding with the months of highest market
demand.

Weighted average shares outstanding increased approximately 58,000 shares over
last year's third quarter largely due to options exercised under the Company's
stock option plans.

For the nine months ended June 26, 1999, the Company reported net income of
approximately $5.1 million, up 27% compared to the same period last year,
after excluding the gain from the sale of real estate. Net income per share
on a diluted basis increased 23% to $1.54 per share compared to the
corresponding period last year, adjusted to exclude the real estate gain. Net
income for the first nine months of 1998, including the real estate gain, was
$5.1 million, or $1.59 per diluted share. Sales for the first nine months were
$120.5 million, up 8% from $111.3 million in the corresponding period of
fiscal

                                  Page 8 of 12

<PAGE>

                               COURIER CORPORATION
                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

RESULTS OF OPERATIONS (CONTINUED):

1998. The factors impacting third quarter results similarly affected
year-to-date results. Sales from the Company's core book manufacturing
operations increased by 8% to $119.3 million, while related earnings
increased by 20% to $6.7 million compared to the first nine months of fiscal
1998. For the year to date, CMS and The Home School reduced earnings by $.47
per diluted share compared to $.48 per diluted share in the first nine months
of fiscal 1998.

Effective September 27, 1998, the Company adopted Statement of Financial
Accounting Standards (SFAS) No. 130, "Reporting Comprehensive Income", and
SFAS No. 132, "Employer Disclosures about Pensions and Other Postretirement
Benefits". The adoption of SFAS No. 130 was not material to the consolidated
financial statements due to a lack of any items defined as other
comprehensive income by SFAS No. 130. The adoption of SFAS No. 132 was also
not material to the consolidated financial statements. The Financial
Accounting Standards Board has issued SFAS No. 131, "Disclosure about
Segments of an Enterprise and Related Information", which will be effective
for the Company's Annual Report for the fiscal year ending September 25,
1999, and SFAS No. 133, "Accounting for Derivative Instruments and Hedging
Activities" (as amended by SFAS No. 137 in June 1999), which will be
effective in the Company's fiscal year ending September 29, 2001. The Company
does not expect that the implementation of these new standards will be
material to the consolidated financial statements.

LIQUIDITY AND CAPITAL RESOURCES:

During the first nine months of fiscal 1999, operations provided approximately
$9.4 million of cash. Net income was $5.1 million and depreciation and
amortization were $6.4 million. Working capital utilized approximately $1.8
million of cash, largely due to an increase in inventories of approximately $1.2
million.

Investment activities in the first nine months of fiscal 1999 used
approximately $2.3 million of cash for capital expenditures. For the entire
fiscal year, capital expenditures are expected to be approximately $5 to $7
million, which includes approximately $0.6 million related to Year 2000
issues. The Company's Raymond, New Hampshire facility, which had been leased
through June 1996, continues to be vacant pending sale or lease. In addition,
the Company intends to sell the unoccupied and underutilized portions of its
multi-building complex in Westford, MA, which would result in reductions in
building operating costs while maintaining current levels of book
manufacturing at the site.

Financing activities for the first nine months of fiscal 1999 used
approximately $6.0 million of cash, primarily for a $5.5 million reduction in
long-term debt. In addition, dividend payments were $1.0 million. At June 26,
1999, the Company had no borrowings under its $30 million long-term revolving
credit facility. In February 1999, the maturity date of the Company's
revolving credit facility was extended one year to February 2001. On June 29,
1999, the Company repurchased a block of 20,000 shares of its common stock
for $0.5 million because the Company believed the stock was attractively
priced.

YEAR 2000 ISSUE:

THE STATEMENTS IN THE FOLLOWING SECTION INCLUDE "YEAR 2000 READINESS DISCLOSURE"
WITHIN THE MEANING OF THE YEAR 2000 INFORMATION AND READINESS DISCLOSURE ACT.

Historically, many computer programs were written using two digits rather than
four to specify the year. Such software may recognize the year 2000 as "00"
which could result in computer system failures or miscalculations, commonly
referred to as the Year 2000 (Y2K) issue. The Company recognizes the need to
ensure that its operations will not be adversely impacted by a Year 2000
software failure. Incomplete or untimely resolution of the Y2K issue by the
Company, key suppliers, customers and other parties could have a material
adverse effect on the Company's results of operations, financial condition


                                  Page 9 of 12

<PAGE>

                               COURIER CORPORATION
                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

YEAR 2000 ISSUE (CONTINUED):

and cash flows. The Company established a Year 2000 Management Task Force to
address the Y2K issue. This Task Force is coordinating efforts to identify,
assess and implement changes to information technology ("IT") systems and
operational systems such as presses and binders, telecommunications equipment,
building security and environmental controls, and is evaluating the Y2K
readiness of key suppliers, customers and other parties.

Operational systems have been inventoried and assessment has been completed.
Less than 2% of operational systems were found to be non-compliant. Remediation
is in process and is expected to be completed by September 1999.

The Company has substantially completed inventories and assessments of its IT
systems in use at each of its locations and determined that many of the IT
systems were not compliant. The Company is in the process of replacing or
upgrading these systems with enterprise-wide systems across all of the Company's
operations, utilizing a common IT infrastructure which collectively is designed
to give the Company the benefit of new technology with enhanced functionality
and resultant improvements in service and productivity. The replacement of
non-compliant systems is complete at four locations. The remaining two locations
are in process and are expected to be completed on schedule before the end of
the fiscal year.

The Company is actively assessing the Y2K readiness of third parties
(including suppliers, financial institutions and customers) with which it has
a material relationship to identify potentially non-compliant parties. The
Company has performed site visits and is actively working with the key
suppliers of raw materials, such as paper mills and film and plate
manufacturers. The Company believes that its most reasonably likely,
worst-case Y2K scenario may involve non-compliant third parties, including
suppliers of utilities. The Company is assessing the degree of exposure and
risk of non-compliance by such third parties, which could include possible
consequences such as temporary plant disruptions and delays in the receipt of
key materials, the receipt of orders, the delivery of finished products and
the preparation of invoices. The Company is developing contingency plans
specific to these risks as it works with its key suppliers, customers and
other parties. The Year 2000 Task Force will be continually developing
contingency plans and monitoring the Y2K risks throughout 1999.

The Company continues to estimate the cost of achieving Y2K compliance to be
approximately $2 million of which approximately half will be capital
expenditures, primarily for new IT systems. Costs incurred in the first nine
months of fiscal 1999 directly related to Y2K remediation were approximately
$0.7 million bringing total costs to date to approximately $1.5 million, of
which approximately $0.8 million was expensed. The remainder of the Y2K costs
are expected to be incurred during fiscal 1999. The Y2K costs are expected to be
funded through operating cash flows and available credit facilities. The Company
does not separately track all of the internal costs incurred for the Y2K
project, particularly the related payroll costs of its engineering and
information technology groups.

FORWARD-LOOKING INFORMATION:

Statements that describe future expectations, plans or strategies are considered
forward looking. Such statements are subject to certain risks and uncertainties
which could cause actual results to differ materially from those currently
anticipated. Factors that could affect actual results include, among others,
changes in customers' demand for the Company's products, changes in raw material
costs and availability, seasonal changes in customer orders, pricing actions by
competitors, consolidation among customers, success in the integration of
acquired businesses, Year 2000 issues, and general changes in economic
conditions. Although the Company believes that the assumptions underlying the
forward-looking statements are reasonable, any of the assumptions could be
inaccurate, and therefore, there can be no assurance that the forward-looking
statements will prove to be accurate. The forward-looking statements included
herein are made as of the date hereof, and the Company undertakes no obligation
to update publicly such statements to reflect subsequent events or
circumstances.


                                  Page 10 of 12
<PAGE>

                                              COURIER CORPORATION



ITEM 3.           QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

There have been no material changes from the information concerning the
Company's "Quantitative and Qualitative Disclosures About Market Risk" as
previously reported in the Company's Annual Report on Form 10-K for the year
ended September 26, 1998.



                                           PART II. OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS

                  None.

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS

                  None.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

                  None.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

                  None.

ITEM 5.  OTHER INFORMATION

                  None.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

       (a)  Exhibits

         Exhibit No.                Description of Exhibit
         -----------                ----------------------
             27                     Financial Data Schedule


       (b)  Reports on Form 8-K

                  None.













                                  Page 11 of 12



<PAGE>

                                   SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the Company
has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.



                               COURIER CORPORATION
                                  (REGISTRANT)






       AUGUST 10, 1999                         By:  s/JAMES F. CONWAY III
---------------------------                        ---------------------------
         Date                                        James F. Conway III
                                                     Chairman, President and
                                                      Chief Executive Officer




       AUGUST 10, 1999                         By:  s/ROBERT P. STORY, JR.
---------------------------                        ---------------------------
         Date                                        Robert P. Story, Jr.
                                                     Senior Vice President and
                                                      Chief Financial Officer



        AUGUST 10, 1999                        By:  s/PETER M. FOLGER
---------------------------                        ---------------------------
         Date                                        Peter M. Folger
                                                     Vice President and
                                                      Chief Accounting Officer






















                                  Page 12 of 12