HMH reported earnings for the recent quarter and full year, with fourth quarter sales of $204 million, down from $241 million, or 16 percent. The quarterly net loss was $(83) million, better than the $(125) million loss last year, including an impairment charge for goodwill of $17 million for the quarter (impairment totaled $279 million for the year), “a direct result of the adverse impact that the COVID-19 pandemic had on our company.” For the year, sales were $1.03 billion, down from $1.39 billion, with a net loss of $(480) million, down from $(214) million. At HMH Books & Media, […]
