On Thursday, McGraw Hill released results for their fourth quarter and full year ended March 31. Sales fell 2 percent in the quarter to $464 million, down $9.5 million, “reflecting a smaller K‑12 market opportunity,” and partially offset by gains in the Higher Education segment. Adjusted EBITDA was just under flat at $131 million. In the Higher Education segment, sales were $258 million, up 2 percent. K–12 sales fell 10 percent to $126 million. Global Professional sales were $38.9 million (down 1 percent) while International sales fell 5 percent to $40.8 million. For the year, sales were flat at $2.1 […]
