Archive | Publishers RSS feed for this section

Revenue Gains on Bigger Losses for Scholastic's Third Quarter

Scholastic reported third quarter sales of $382.1 million, up 2 percent (or $8.6 million) from a year ago, "largely driven by strong sales in children's books, especially in the company's school-based distribution channels, higher circulation of the company's classroom magazines, and increased sales of classroom books and literacy initiatives." But…

Login to read more, or join Publishers Marketplace as a member

Quarto Revenue and Profit Gain Throughout 2014

Quarto Group reported results for the year ending December 31, 2014, with sales up 2 percent to $172.6 million (a increase of $3.4 million) and operating profit up 10 percent to $15.4 million (an increase of $1.4 million). CEO Marcus Leaver said in the release, "In 2014, Quarto started to…

Login to read more, or join Publishers Marketplace as a member

Lagardere's Profit Falls Along with Sales

Having already reported sales for 2014 a month ago, in the European style Lagardere followed up on Wednesday afternoon with a full accounting of their profits for the year as well. On those sales of €2.004 million (down 3 percent), recurring EBIT fell further, down €26 million or 12 percent to €197…

Login to read more, or join Publishers Marketplace as a member

Wiley Grows in Q3, But Book Sales Still Decline

Wiley reported adjusted third quarter sales of $466 million, up 2 percent including foreign exchange, while adjusted operating income of $78 million was flat (with net income rising $3.5 million). The company took charges of $24 million in the quarter related to their ongoing restructuring program, of which half was due…

Login to read more, or join Publishers Marketplace as a member

Pearson "Completed Our Intense Two Year Restructuring"; Names PRH's Williams CFO

Pearson announced preliminary annual results Friday morning, with sales of £4.874 billion down 4 percent (but up 2 percent on a constant-exchange-rate basis) and higher operating profit of £720 million -- with lower restructuring charges but a higher tax rate, leaving  earnings down to 66.7 pence per share, compared to 70.1…

Login to read more, or join Publishers Marketplace as a member

Trade Rebounds In Houghton's Fourth Quarter

Helped by publication of bestselling What If, Houghton Mifflin Harcourt's modest trade division saw sales rise in the fourth quarter to $48 million, up $2 million from a year ago, as the unit recorded a small net gain for the period ($500,000), compared to a small net loss a year ago. Adjusted EBITDA…

Login to read more, or join Publishers Marketplace as a member

Simon & Schuster Sales Fall for Fourth Quarter and Full Year

Fourth quarter sales at Simon & Schuster fell by $10 million (or 4.5 percent) to $215 million. The second consecutive quarterly drop left the company $31 million below 2013's sales, down 4 percent to $778 million for the year. (Though the year-to-year variance is relatively small, it is the lowest annual sales…

Login to read more, or join Publishers Marketplace as a member

Lagardere Publishing Sales Fall In Fourth Quarter and Full Year

Lagardere reported fourth quarter sales on Tuesday, with publishing sales of €537 million down 5.5 percent from€569 million a year ago -- and declining further, 8.7 percent, on a like-for-like basis. (Sales fell even with a foreign exchange gain of €14 million.) The company blamed "an unfavorable comparison effect" to…

Login to read more, or join Publishers Marketplace as a member

Harper Has Flat Quarter Before Harlequin Gain

HarperCollins' parent company News Corp. reported second quarter fiscal year sales for the period ending December 31 after the close of the market on Thursday. On an adjusted basis, before adding in the recently-acquired Harlequin, Harper's sales were flat at $392 million, with EBITDA down 4 percent to $65 million…

Login to read more, or join Publishers Marketplace as a member

Rowman & Littlefield Grows On Acquisitions

Driven by the purchase of multiple Globe Pequot Press imprints last May and the Alban Institute’s book business in January, Rowman & Littlefield says that book and journal sales rose to $60.3 million in 2014, up from $51 million the year before. Client sales through their distribution businesses NBN and NBN International…

Login to read more, or join Publishers Marketplace as a member