Houghton Mifflin Harcourt reported sales of $376 million for the second quarter of 2018, down $17 million. Both the operating loss of $9 million and the net loss of $23 million show improvement from a year ago — when they took a big restructuring charge — and was helped by the corporate tax cut. But adjusted EBITDA of $62 million was $11 million lower than a year ago, on the decline in sales. The company reaffirmed its guidance for the year and ceo Jack Lynch said in the announcement, “Despite a trough year in the market, HMH is performing well […]
