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Profits Jump 83% at HarperCollins
EBITDA rose 83% at HarperCollins for the third quarter of fiscal 2014, which ended March 31.
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Sales Fall, Earnings Rise at S&S
First quarter sales in 2014 fell 11% at Simon & Schuster, to $153 million, but operating income rose to $11 million from $10 million in the first quarter of 2013, parent company CBS reported.
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Quarto Says it is 'On Track'
U.K.-based Quarto Group reported this morning that it is “on track” to reduce its debt for the year and to achieve organic growth.
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Charges Led to $3.4 Million Loss at Courier
Three one-time expenses contributed to a loss of $3.4 million at Courier Corp. in the second quarter ended March 29, 2014 compared to last year’s second period.
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First Quarter Results Down at Harlequin
First quarter at Harlequin declined 3.2%, to C$99.2 million, and operating profit fell 14%, to C$12.8 million.
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Industry Stocks: April Performances
The Publishers Weekly Stock Index fell 7.2% in April as share prices dropped for 11 of the 14 companies on the PWSI.
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Children/YA Segment Has Strong January
Led by a 65.1% increase in e-book sales, January sales jumped 43.7% in the children/young adult category in 2014 compared to January 2013, according to figures in AAP’s StatShot program.
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Amazon Net Income Up in Quarter
Net income at Amazon rose nearly 32% in the first quarter of 2014, to $108 million, compared to the same period in 2013 and revenue increased 23%, to $19.74 billion.
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Riggio Sells Chunk of B&N Shares
Barnes & Noble founder and chairman Len Riggio announced Thursday morning that he had sold 3.7 million shares of B&N stock.
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Mixed Messages From Margins
Margins remained solid in 2013 for the six large trade houses from which operating data is available, though at three of the six, margins fell compared to 2012.
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Book Sales Rose 1% in 2013
Total book sales rose 1.0% in 2013 over 2012, to $15.05 billion, at the 1,211 publishers that report results to the Association of American Publishers’ StatShot program.
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PRH Earnings Dip in 'Transformative Year'
Although operating EBIT fell 4.9% in the year at Penguin Random House, executives at parent company Bertelsmann had nothing but good things to say about the results from the world’s largest trade publisher.
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BAM 2013 Revenue Drops 5.5% to $470M
Despite improved performance in the fourth quarter, bookselling chain Books-A-Million reported a 5.5% decline in revenue to $470.2 million for the 52-week period ended February 1, 2014, down from the $498.4 million reported for the previous fiscal year.
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Soft Quarter for Scholastic
Scholastic reported a small drop in third quarter sales for the period ended February 28, 2014, and a higher operating loss compared to a year ago.
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HBG Has 'Significant' Earnings Increase
Lagardère Publishing reported profits of 223 million euros in 2013, flat with 2012; its U.S. subsidiary, Hachette Book Group, had “significantly higher” EBIT.
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Third Quarter Results Dropped at Wiley
For the third quarter ended January 31, 2014, net income at John Wiley & Sons fell 8%, to $52.5 million, on a 3% decline in revenue, to $458 million.
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Industry Stocks: February Performers
Both the Publishers Weekly Stock Index and the Dow Jones Industrial Average rebounded in February after being down in January.
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HMH Trade Sales Rose 9% in 2013
Sales in Houghton Mifflin Harcourt’s trade division rose 9% in 2013, to $170.7 million, and adjusted EBITDA declined to $24 million from $29 million in 2012.
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Sales, Earnings Fell at Harlequin in 2013
With sales of print books declining and the growth of e-book sales slowing, Harlequin had declines in sales and earnings in 2013, parent company Torstar reported.
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EDC Fiscal 2014 Sales Up
A decision two years ago to stop selling its books on Amazon led to a turnaround in Educational Development Corp.'s home business division in the fiscal year ended February 28, 2014.
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