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Lackluster First Quarter for Scholastic
Revenue for the first quarter ended August 31 inched up 0.3%, to $191.2 million, over the first period of fiscal 2015 at Scholastic. The net loss increased to $49.4 million from $34.1 million a year ago.
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Cairns Out, Montgomery Up at Publishing Technology
Publishing Technology has announced that CEO Michael Cairns has stepped down, effective immediately after the Board projected a net loss for the year.
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Sales Down, Losses Up at Barnes & Noble
Total revenue at Barnes & Noble fell 1.5% in the first quarter ended August 1, 2015, to $1.2 billion, compared to last year’s first period and the net loss increased to $34.9 million from $28.4 million.
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McGraw-Hill Education to Go Public
McGraw-Hill Education confirmed Friday that it plans to go public, approximately three years after the private equity firm, the Apollo Group, acquired the educational publishing giant.
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Monthly StatShot, May 2015
May was a bad month for publishers, with sales down in most of the major categories compared to the same month last year.
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Industry Stocks: August Performances
Although only one of the 12 companies on the Publishers Weekly Stock Index saw an increase in its stock price in August, the PWSI managed to post a smaller loss than the Dow Jones Industrial Average.
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EDC Has Record Revenue
Revenue at Educational Development Corp. jumped 205% in August over August 2014, hitting just over $5 million.
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May Sales Drop for Adult, Children's Books
Trade sales in May saw some wild swings, according to AAP’s monthly StatShot program. In the adult books segment there was a decline of 5.0%, compared to the same month last year. Meanwhile, sales in children’s/young adult fell 9.3%.
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First Half Results Rise at Penguin Random House
Sales rose 16.2%, to 1.70 billion euros, and earnings increased 30.2% at Penguin Random House in the first half of 2015 over the same period in 2014.
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July Sales Jump at EDC
July sales at Educational Development Corp. jumped 74.7% over July 2015, hitting $4.3 million, the company reported.
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Steinberger Details Perseus' Successful Fiscal 2015
After the sale to the Hachette Book Group was called off last year, employees at the Perseus Books Group rallied to deliver record sales, CEO David Steinberger wrote in its annual letter.
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Quarto 'On Track' in First Half of 2015
Revenue at the Quarto Group rose from $65.6 million in the first half of 2014 to $66.2 million on the first six months of the current year, but its pre-tax loss increased to $1.9 million from $600,000 last year.
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Harlequin Makes HC's Year
Eleven months of results from Harlequin helped to offset the strong performance of Divergent in fiscal 2014 giving HarperCollins a 16% increase in revenue for the fiscal year ended June 30, 2015 over fiscal 2014 while EBITDA rose 12%.
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Soft Second Quarter for Regnery
Sales at its Regnery Publishing fell from $5.6 million in last year's second quarter to $4.5 million in the period ended June 30, 2015.
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Monthly StatShot, April 2015
Sales in the adult book segment rose 2.3% in April over April 2014, according to figures released by the AAP as part of its StatShot program.
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Industry Stocks: July Performances
The Publishers Weekly Stock Index jumped 14.2% in July with the gain due entirely to the phenomenal performance of Amazon’s shares which added more than $100 in the month.
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Publishers Struggle With Flat Market
Financial results released by three major trade publishers within the last 10 days reflect the challenges publishers are facing in a market that is seeing little, if any, top-line growth.
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HMH Trade Sales Inch Up, But Profits Fall
Sales in the publisher's trade segment inched up 0.5% in the second quarter, to $37.4 million. But adjusted EBITDA fell to $412,000, from $1.9 million in the second quarter of 2014.
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Adult Trade Sales Rose in April
Sales in the adult book segment rose 2.3% in April over April 2014, according to figures released by the AAP.
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Sales Down, Profits Up at Simon & Schuster
Simon & Schuster posted an 8.6% increase in operating income in the second period of 2015 over the same period in 2014 while revenue fell 5.6%, to $199 million.
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