Archive | Publishers RSS feed for this section

Trade Falls at HMH In First Quarter

Houghton Mifflin Harcourt reported first quarter sales, with revenues of $206 million, up from $163 million a year ago, primarily on the addition of Scholastic's EdTech business. The seasonal net loss of $165 million was $5 million (or 3 percent) higher than a year ago. In education, there was a "decline…

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

A Flat Quarter for Simon & Schuster

Simon & Schuster's parent company CBS reported first quarter results after the close of the market on Tuesday, with the publisher reporting flat sales of $145 million, as operating income was up $1 million to $13 million, "primarily reflecting lower production and selling costs" and driven by "operating efficiencies." While sales…

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

Corporate: Pearson Has Expected Q1 Decline, As CBS Considers Buyout of Redstone Shares

Pearson issued a first quarter "trading update" in connection with their annual meeting. As expected, results were weak, with overall sales down 6 percent, "in line with expectations." They say Penguin Random House "had a solid first-quarter performance with a strong bestseller performance and net integration benefits partly offset by…

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

Trade Gains Lift Scholastic's Sales, on Narrower Seasonal Loss

Scholastic reported fiscal third quarter results on Thursday, with sales up $19.5 million to $366 million, as losses from continuing operations were cut by over half to 21 cents a share, compared to 48 cents a share a year ago. The operating loss of $16.4 million was also well below last year's…

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

Penguin Random House Sales Rise On Currency Boost

Bertelsmann reported 2015 sales on Tuesday morning, with headline results for Penguin Random House showing sales of €3.717 billion -- up 393 million -- and operating ebitda of €557 million, up €105 million. (Note that we mentioned throughout 2015 that the rising dollar alone could lift PRH's sales by €350…

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

Quarto's Sales Rise On Acquisition, As Chadwick Will Exit Board

Quarto reported sales of $182 million for 2015, up $11 million over the previous year, with operating profit of $16 million just above flat. Sales were lifted by the acquisition of Ivy Press early in 2015, which added $8 million in sales. (Quarto paid $1.9 million for Ivy Press in…

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

Profits Flat At Lagardere Publishing

Lagardere reported 2015 profits after the close of the market in France, after having reported sales on their own in February. Lagardere Publishing had flat earnings on higher sales, with recurring EBIT of €198 million (up 1 million), and €16 million of charges for nonrecurring items. As previously reported publishing sales…

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

Sales Fall at Wiley As Print Book Decline Continues

Wiley reported fiscal third quarter sales through the period ending January 31, with sales of $436 million, down $29.5 or 6.3 percent from a year ago. Adjusted net income of $39 million was down more, falling $20 million. The company took a $13.7 million restructuring charge in the quarter "related to the…

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

Pearson Closing the Book On Difficult 2015; Strong PRH Results Could Ebb In 2016

Pearson reported full-year results for a rough 2015 that are line with their previously-reduced guidance, and their January announcement of plans to cut 4,000 jobs and take restructuring charges of £320 million in 2016. For 2015, sales of £4.468 billion fell by 2 percent (£72 million), and adjusted operating profit of £723m…

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

Houghton Mifflin Harcourt Falls Short Again In Fourth Quarter, As Trade Inches Ahead

Houghton Mifflin Harcourt reported fourth quarter and full-year results Thursday morning, and for the second quarter in a row their performance fell short of analysts' expectations, even after revising their guidance in November. Fourth quarter sales were $298 million, with a net loss of $97 million -- $13 million higher…

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