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October 31, 2019By Sara Grace

HMH Trade Sales Down for Q3, While Company Seeks New Lenders

October 31, 2019By Sara Grace

On the heels of announcing significant layoffs and news of improved sales and billings for the company overall, HMH reported full results for Q3. In its trade, or Books & Media business, both sales and EBITDA were down for the quarter, largely due to $16 million received a year ago from re-licensing some George Orwell titles for paperback. Books & Media sales for the quarter were $48.1 million, down from $66.6 million in 2018, with segment adjusted EBITDA of $8.3 million, down from $15.5 million. Net income was $4.9 million, versus $12.1 a year ago. Though the company expects a […]

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Filed Under: Earnings Reports, Publishers

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