Houghton Mifflin Harcourt announced results for the fourth quarter and full year 2021. Sales in the quarter were $179 million, up 26.7 percent from $141 million the year before. For the year, sales were $1.051 billion, a 25 percent increase from $840 million in 2020. Operating income was $48.2 million, up from a loss of $(447.9) million the year before (when they took a large goodwill impairment charge). Net income was $2.1 million, compared to a loss of $(470.7) million last year. The company canceled its earnings call due to the recent announcement of a pending sale to Veritas Capital. […]
