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 2015, along with the assumption of $300,000 in debt.) The core publishing groups in the US and UK, along with the co-editions unit, had sales of $145 million, up $17 million for the year, while sales declined almost $8 million at the Books & Gifts Direct business. Looking ahead, the […]
