Courier reported third quarter earnings, as their publishing business continues to shrink. Sales of $9.1 million were down 8 percent, though the operating loss of just under $1 million was a small improvement. Sales fell 2 percent at Dover and 31 percent at Creative Homeowner, with their REA line growing 2 percent. They launched the beta version of DoverPictura.com, an online store of over 100,000 images, during the period. Companywide, sales of $59 million were down 5 percent, “affected by a shift in ordering patterns in the education market, with textbook publishers tightening their inventory management in the current economy […]
Publishers
The Hunger Games Boosted Scholastic Q4 And Full Year Earnings, Though They Temper Expectations For Next Year
The three words repeated often in Scholastic’s earnings report for the successful fourth quarter and fiscal 2012 year — The Hunger Games — should come as no surprise. The trilogy of books by Suzanne Collins now has more than 50 million copies to date in print and digital formats, the company also announced Thursday morning (23 million copies for The Hunger Games, 14 million for Catching Fire, and 13 million for Mockingjay.) That means they added over 13.5 million units since the end of March (after shipping and/or selling 12.5 million units in the first quarter of the year). So much […]
Fourth Quarter Sales and Profits Boosts Wiley’s Modest Overall Full-Year Earnings
Sales at Wiley rose 2 percent to $455 million in their fiscal fourth quarter and adjusted earnings rose 73 percent to 80 cents a share. For the full year, revenue was up 1 percent to $1.783 billion, while adjusted earnings rose 11 percent to $3.21 a share. (That amount excludes a 12 cents per share tax reserve release originally recorded as part of its Blackwell acquisition, and a 10 cents per share Borders writedown dating to the previous fiscal year.) In the professional/trade division, sales rose 4 percent to $114 million for the quarter (including $3.3 million of revenue from […]
Corporate: Indigo Q4 Sales Decline Despite One-Shot Kobo Earnings Gain; Flammarion Sale Negotiations Are Extended
Indigo reported sales of C$196 million for the fourth quarter ending March 31, down 2 percent from the previous year, while suffering an operating loss of C$15.7 million from continuing operations, higher than the C$13.7 million the company lost the previous year. But Indigo received a one-shot earnings gain of C$135.7 million from selling Kobo to Rakuten (booking a pre-tax gain of $165 million, presumably less operating losses from the unit). For the full fiscal year, Indigo revenues decreased 2.3 percent to C$934 million and the company reported net profits of C$66.2 million — of which C$94 million was attributed […]
Quercus Results Decline Over 20 Percent On Larsson Falloff
Quercus reported results for calendar year 2011, with the big dropoff in Stieg Larsson’s sales far bigger than the gains in other parts of their program. Total sales of £24,759 million were 22 percent lower than £31,784 million in 2010, and consolidated operating profit fell to £5,898 million, down from £7,635 million. Exemplifying how the announcement plays their results, the company contrasts the sales decline against the earnings by saying “however consolidated operating profit held up well”–yet it declined the same 22 percent. The biggest drops came in their core market of the UK, and non-core territories beyond the US […]
Digital Continues to Rise At Bloomsbury, Now 9 Percent of Overall Sales
Bloomsbury reported results for the fiscal year ending February 29, with total sales up 11.5 percent (£10.7 million) to £103.2 million and pre-tax profit up 53 percent to £12.1 million, as compared to £7.9 million a year ago. That number drops to £4.8 million when accounting for the sale of Bloomsbury’s German unit (which they now admit was a money-loser) and the acquisition of Continuum, as well as relocation and restructuring costs. (The company’s reporting returns to a normal 12-month fiscal year, after using a 14-month fiscal year for 2011 to account for various adjustments, which makes some of the […]