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 […]
Publishers
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 […]
The Quarter: Digital Rises at Harper and Hachette
News Corp. reported third quarter sales for the period ending March 31 after the close of the market Wednesday. In a departure from recent reports, the release actually mentions their book publishing unit by unit, once, in this morsel: Profits fell in their newspaper-dominated publishing business unit, but “the decline was partially offset by improved contributions from Dow Jones, HarperCollins and the integrated marketing services business.” In a brief statement of their own, Harper said they had “a terrific quarter across the board” thanks to “lower returns and higher ebook sales in most areas.” Worldwide digital sales for the quarter […]
Harlequin Q1 Sales and Profits Drop as Digital Accounts for 20.5 Percent of Sales; Bertelsmann Reports “Good Start”
Harlequin’s parent company Torstar reported first quarter results Wednesday. The book publishing unit had sales of $106.6 million (CA), down by $9.4 million, excluding the impact of foreign exchange (which added another $700,000 in earnings.) EBITDA was down $1.5 million in the quarter at $21.4 million, which Torstar attributed to “lower revenues as we continue to adjust in the print and digital book publishing markets to the shift to digital reading.” As in the past, the sales drop was attributed to “declines in print revenues [that] more than [offset] digital revenue growth.” Global digital revenues, up $2.9 million compared to […]