Archive | Publishers RSS feed for this section

The First Half of the Year: An Overview

With Bertelsmann's half-year report from this morning, we now have all of the major public reporting for trade publishing companies for the first six months of the year (even though the AAP has not gotten past February so far). Below is a summary view, though for nearly every company we…

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

Sales and Profit Down More Than 10 Percent At Penguin Random House

Bertelsmann reported results for the first half of 2016 on Wednesday morning, with book publisher Penguin Random House recording sales of €1.516 billion (down €181 million, or 10.7 percent, from a year ago), including the wholly-owned RH Germany. EBITDA fell in line with sales, down 10.6 percent to €185 million (or €22 million…

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

Sales Rise at Quarto

The Quarto Group also reported results for the first half of 2016, with acquisitions helping to boost sales, at $73.3 million up from $67.7 million a year ago. The biggest, and most profitable, growth came from Quarto USA, where sales gained almost $4 million to $31.7 million for the period, with an adjusted…

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

Harper Gains In Fourth Quarter

After six straight quarters of "core" declines, HarperCollins finished their fiscal year with a better fourth quarter, boosted on the topline by an extra week of results. Sales of $433 million were up 11 percent overall (or $43 million), and EBITDA improved to $50 million (compared to $33 million a year ago).…

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

HMH Reduces Full Year Guidance, Though Trade Has Modest Gain

Houghton Mifflin Harcourt reported second quarter sales on Thursday morning, reducing its guidance for the full year on "an updated expectation for its core domestic education market": 2016 sales are now expected to range from $1.485 billion to $1.555 million (with net billings of between $1.525 billion and $1.595 billion). The small trade division…

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

As Expected, Pearson Falls

Joining the big wave of earnings reports was Pearson on Friday, with results for the first half of the year. Sales fell £131 million to £1.866 billion, down 7 percent overall (and down 11 percent on a currency neutral basis) -- "primarily due to the expected declines in assessment revenues…

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

Simon & Schuster Sustains Profit Growth, On Lower Sales

Simon & Schuster's parent company CBS reported second quarter sales after the close of the market on Thursday, with publishing revenues falling 6 percent to $187 million (down from $199 million a year ago). But operating income grew by $1 million, up to $26 million, "as the revenue decline was…

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

Lagardere Publishing Is Just Above Flat, Even with Perseus Sales

Lagardere reported results for the first half of the year on Thursday afternoon, with the book publishing group just above flat, recording sales of  €970 million (up €2 million) and flat EBIT at a relatively low €36 million for the period, even with the addition of the Perseus imprints. Acquired on…

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

Potter Helps Scholastic Again

Scholastic reported sales for their fiscal fourth quarter, ending May 31, of  $514 million, up 5 percent (or $26 million) from a year ago, "reflecting higher sales in all of the company's three segments - children's book publishing and distribution, education, and international." Operating income of $58.4 million was up from $33.5…

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

UK Briefs: Hachette UK to Close Littlehampton Warehouse in 2019; Lost My Name Lays Off 10; and More

Hachette UK will close its Littlehampton Book Services warehouse and offices in 2019 as part of a bigger plan to consolidate and modernize their distribution operations. They will build a new distribution center in Didcot, Oxfordshire, about a mile away from the existing Bookpoint distribution facility, starting in late 2016.…

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