Houghton Mifflin Harcourt reported third quarter results on Thursday morning, with sales just below flat at $532 million (down $1 million) and net income just above flat at $90.5 million (up $500,000). The company announced a modest adjustment to their ongoing “restructuring plan,” now expecting total charges of between $45 million and $49 million, or $4 million higher. The increase is “primarily due to a change in the estimate of office space that the company will be able to vacate along with higher cost of implementation.” The small trade division continues to perform well this year, with third quarter sales […]
