Houghton Mifflin Harcourt reported first quarter results Thursday morning, with sales of $163 million, up almost 6 percent from $154 million a year ago, “driven by higher education and trade publishing sales and the recognition of previously deferred revenue.” The seasonal adjusted EBITDA loss of $52 million compares to a loss of $53 million a year ago, though the net loss $160 million (or $1.12 a share) was up from $146 million a year ago on higher income tax. Trade Publishing sales rose $2 million, or 5 percent, to $32 million for the quarter, “driven by strong net sales of frontlist culinary titles,” Newbery winner The Crossover, and “strong backlist sales of […]
