McGraw Hill reported earnings for the third quarter ended December 31, with sales of $434.2 million, gaining 4.2 percent due to significant growth in the higher education segment. Adjusted EBITDA was $135.9 million, up 7.7 percent. The higher education business grew 24 percent to $225.4 million, “driven by record market share, value-based pricing, and favorable enrollment trends.” The K-12 business fell 14.6 percent to $128.2 million. The company again updated their guidance for the year, after raising it in November. They now expect between $2.067 billion and $2.087 billion in sales for the year and adjusted EBITDA between $729 million and […]
