Financial News Release - Investor Relations - Thomson Reuters. Third-quarter and nine-month results on track with Financial & Risk net sales positive year-to-date and for all regions in the quarter, while Legal returned to positive organic revenue growth NEW YORK – Thomson Reuters (TSX / NYSE: TRI) today reported results for the third quarter ended September 30, 2014. Revenues from ongoing businesses grew 1% before currency to $3.1 billion Adjusted EBITDA and underlying operating profit were both down 3% Adjusted EBITDA margin 26.5%, down 100 basis points; excluding charges was 27.0% Underlying operating profit margin 17.1%, down 70 basis points; excluding charges was 17.6% Adjusted earnings per share were $0.45 versus $0.48 in the prior-year period 28.4 million shares repurchased since October 2013 returning $1.0 billion to shareholders 2014 Outlook affirmed "I am pleased to report yet another quarter of results in line with expectations, building on our first-half momentum," said James C.
Smith, chief executive officer of Thomson Reuters. Legal. Interim Management Statement. Lagardere Q1 Sales Decline, Backs Recurring Media EBIT View. French conglomerate Lagardere SCA (LGDDF.PK) Tuesday reported 6.2 percent decline in the first-quarter sales, with a 5.6 percent fall in like-for-like sales. The company also backed its full year 2014 outlook for recurring media EBIT, a key earnings metric.
For the first quarter, the company's net sales declined to 1.53 billion euros from 1.63 billion euros in the prior-year quarter. According to the firm, the difference between reported and like-for-like was due to a currency effect related to decline in the Australian, American and Canadian dollars, partially offset by a positive scope effect, mainly due to acquisitions made by Lagardère Services in Schiphol Airport (Amsterdam) and, to a lesser extent, by Lagardère Active (Groupe Réservoir).
Division wise, Lagardère Publishing like-for-like net sales dropped 5.3 percent to 393 million, as the first quarter of 2013 benefited from many best-sellers. Lagardere is scheduled to announce its first-half results on July 31. by RTT Staff Writer. Defence of pre-tax profits at Oxford University Press. Defence of pre-tax profits at Oxford University Press 10:00pm Thursday 10th July 2014 in News By Andrew Smith, Business Editor. Call me on 01865 425460 Oxford University Press is “strengthening”, the company says PUBLISHING giant Oxford University Press has suffered a drop in its fortunes.
Pre-tax profits at the business based in Great Clarendon Street, Oxford, slipped to £107.2m for the year to March 31, compared to £116.2m for the same period the previous year. And overall annual turnover remained virtually unchanged at £759m. But bosses say that if investments and acqusitions such as the takeover of educational publisher Nelson Thornes are stripped out of the figures, the pre-tax profit or surplus grew by 3.9 per cent to £114m. Spokesman Emma Duke said: “We had a good year, in which we invested in the quality of our products and services, our presence in emerging markets and our digital capability.
“We are strengthening OUP and building a platform for future growth.” Latest Business news: Wiley Reports Fourth Quarter and Fiscal Year 2014 Results. HOBOKEN, N.J. --(BUSINESS WIRE)--John Wiley & Sons, Inc. (NYSE: JWa and JWb), a global provider of knowledge and knowledge-enabled services that improve outcomes in research, professional practice, and education, today announced the following results for the fourth quarter and fiscal year 2014, ending April 30, 2014: “We are very pleased with our operational performance this year, including our continued progress in expanding Wiley’s depth and breadth as a provider of knowledge-enabled solutions” Please see the attached financial schedules for more detail Management Commentary “We are very pleased with our operational performance this year, including our continued progress in expanding Wiley’s depth and breadth as a provider of knowledge-enabled solutions,” said Steve Smith, President and CEO of Wiley.
Fiscal Year 2015 Outlook Fourth Quarter Summary Adjusted revenue on a constant currency basis rose 2% to $457 million. Fiscal Year Summary Adjusted Results Foreign Exchange (“FX”) About Wiley. 2013 results. Included in this release: Financial highlights Sales up 2% at CER to £5.2bn. Good growth in digital, services and emerging markets partly offset by cyclical weakness in US higher education and school curriculum change in the US and UK.Adjusted operating profit before net restructuring charges 6% lower at £871m (£736m after £135m of net restructuring charges). 2013 profits reduced by accounting impact of the Penguin Random House merger, lower margins in North America, sustained investment, and revenue mix.Operating cash flow £588m (2012: £788m) reflecting restructuring charges, increased product investment in new education programmes and lower operating profit.Adjusted EPS of 70.1p after restructuring charges (2012: 82.6p).Dividend raised 7% to 48p reflecting our confidence in our prospects. 2014 outlook 2015 and longer term John Fallon, chief executive said: Throughout this announcement: Growth rates are stated on a constant exchange rate (CER) basis unless otherwise stated.
Portfolio changes. McGraw Hill Financial Reports 1st Quarter Results. Revenue Increased 5% (6% Organic) Diluted EPS from Continuing Operations Increased 66% to $0.89 Adjusted Diluted EPS from Continuing Operations Increased 12% to $0.89 Platts and S&P Dow Jones Indices Lead Growth NEW YORK, April 29, 2014 /PRNewswire/ -- McGraw Hill Financial, Inc. (NYSE: MHFI) today reported first quarter 2014 results with revenue of $1.24 billion, an increase of 5% compared to the same period last year. Taking into consideration the sale of Aviation Week, as well as the sale of Financial Communications and the shutdown of several small products within S&P Capital IQ, organic revenue increased 6%.
Net income and diluted earnings per share from continuing operations were $248 million and $0.89, respectively. Adjusted net income from continuing operations increased 9% to $248 million and adjusted diluted earnings per share from continuing operations increased 12% to $0.89. The Outlook: Adjusted earnings per share guidance remains unchanged at $3.75 to $3.85. Contact: eBook Sales Up at Simon & Schuster, Hachette. The US ebook market was flat for 2013, right? Not according to Hachette and Simon & Schuster. The parent companies for these 2 major US publishers released their year-end financial statements, and they dropped a few details about ebook sales. According to the French conglomerate Lagardère, revenues at their publishing division were up 1.9% in 2013 (across all units), reaching €2 billion. eBooks represented 10.4% of the division’s sales in 2013 (vs. 7.8% in 2012), with most of the digital revenue concentrated in the US and UK. eBook revenues represented a larger share of income in both countries: In the US, in a stabilising market, Lagardère Publishing digital sales posted a strong increase (+33%) on the back of numerous best sellers, and represents 30% of Trade(3) sales (vs. 24% in 2012).
CBS reported similar news yesterday. On a related note, HarperCollins also said in their last quarterly report that ebook sales were increasing (up 30% over the same quarter in 2012). Houghton Mifflin Harcourt Company Announces Fourth Quarter and Full Year 2013 Results. BOSTON--(BUSINESS WIRE)--Houghton Mifflin Harcourt Company (“HMH” or the “Company”) (NASDAQ: HMHC) today announced its preliminary unaudited financial results for the fourth quarter and full year ended December 31, 2013. HMH plans to file its audited financial statements in its Annual Report on Form 10-K, which is expected to be filed with the U.S. Securities and Exchange Commission in late March 2014. “Our operational rigor in 2013 successfully paved the way for year-over-year growth in both our revenues and EBITDA” Full Year 2013 Financial Highlights: Net sales increased $93 million, or 7%, from 2012 to $1,379 million. Adjusted EBITDA (a non-GAAP measure, see reconciliation below) rose 2% to $325 million. Education segment net sales increased $79 million to $1,208 million.
Linda Zecher, HMH’s Chief Executive Officer, commented “2013 was a pivotal year for HMH as we strengthened our core business, increased focus on targeted growth areas, and optimized overall performance. Houghton Mifflin Loss Widens; Revenue Up 5.9% Houghton Mifflin Harcourt Company Announces First Quarter 2014 Results. BOSTON--(BUSINESS WIRE)--Global education leader Houghton Mifflin Harcourt Company (“HMH” or the “Company”) (NASDAQ: HMHC) today announced its financial results for the first quarter ended March 31, 2014. “Although the first quarter constituted a seasonally low period for the K-12 industry and typically represents only approximately 10% of our annual sales, the market remains strong and our performance in districts that have made their decisions gives us confidence in our full-year outlook.”
Linda K. Zecher, HMH’s President and Chief Executive Officer, commented, “In the first quarter, we made active strides to capitalize on the growing K-12 market, as evidenced by the approximately 50% market share we captured among adoption state school districts that announced content provider selections. These early indicators, including a nearly 14% increase in new orders , confirm our optimism about HMH’s performance and the guidance we have provided for the year. First Quarter Business Highlights: School Specialty Announces Fiscal 2014 Third Quarter Results OTCBB:SCOO. Fiscal Third Quarter EBITDA Improves by $3.3 Million Versus Prior Year Overall Fiscal Third Quarter and Nine Month Results Tracking in Line with Projections Process Improvement Programs Generating Anticipated Cost Savings and Efficiencies Company Reiterates FY14 Guidance; Believes Business Has Stabilized with Potential Upside Moving into FY15 GREENVILLE, Wis., March 5, 2014 (GLOBE NEWSWIRE) -- School Specialty, Inc.
(OTCQB:SCOO) ("School Specialty" or "the Company"), a leading distributor of supplies, furniture and both supplemental and curriculum products to the education marketplace, today announced its fiscal 2014 third quarter and nine month results for the period ended January 25, 2014. Commenting on the Company's performance, Jim Henderson, School Specialty's Chairman and Interim Chief Executive Officer stated, "We continue to make progress in our Process Improvement initiatives and are on track to realize the anticipated cost savings this year and next.
Mr. Market Outlook Mr. Elsevier Unveils New Digital Platform for Expert Consult, Student Consult. PHILADELPHIA, March 6, 2014 /PRNewswire/ -- Clinicians and students will benefit from these medical reference and learning solutions enhanced by Inkling's feature-rich, intuitive and interactive digital platform Elsevier, a world-leading provider of scientific, technical and medical information products and services, today announced the launch of the fully redesigned Expert Consult and Student Consult, its two medical reference and learning platforms, now powered by Inkling, the creator of engaging, intuitive digital books for some of the world's most respected publishers.
Expert Consult and Student Consult now feature Inkling's standard-setting reading and search experience. Both existing and new users will benefit from easy search, consistent structure, rich media, social and community features, as well as seamless electronic access from any device. Fast Company recently selected Inkling as one of "The World's 50 Most Innovative Companies.
" About Inkling About Elsevier Media contact. PR Newswire - Cambium Learning Group Announces 2013 Earnings. Copyright 2014 PR Newswire. All Rights Reserved2014-03-06 DALLAS, March 6, 2014 /PRNewswire/ -- Cambium Learning® Group, Inc. (NASDAQ: ABCD, the "Company"), a leading educational solutions and services company committed to helping all students reach their full potential by providing evidence-based solutions and expert professional services, announced today its financial results for the year ended December 31, 2013. Financial Highlights for the Year Ended December 31, 2013 During 2013, company-wide order volumes were down less than 1% compared with the same period of 2012, and order volume changes by segment were as follows: Voyager Sopris Learning™ decreased 12% Learning A–Z increased 28% ExploreLearning increased 27% Kurzweil/IntelliTools decreased 13% Learning A–Z and ExploreLearning continued their trend of double-digit growth rates. Other highlights include: Overall, GAAP net revenues in 2013 increased by 1% to $150.5 million compared with $148.6 million in 2012.
Corporation - Scholastic Reports Fiscal 2014 Third Quarter Results. , /PRNewswire/ -- (NASDAQ: SCHL), the global children's publishing, education and media company, today reported results for the fiscal 2014 third quarter ended , 2014. Revenue in the third quarter was , compared to a year ago. The Company reported a loss per share from continuing operations of , versus a loss of in the prior year period.
Consolidated loss per share was in the quarter, compared to a loss of a year ago. The decrease in net loss was solely the result of a favorable settlement of outstanding federal tax audits which resulted in a one-time tax benefit of , or per share, in the current period. This one-time tax benefit was partially offset by one-time pre-tax expenses of , or per share, which include an impairment charge of related to a minority equity investment in the and in severance costs primarily related to a voluntary retirement program for employees at the Company's main distribution center.
Third Quarter Results and Distribution. Educational Technology and Services. . Penguin Random House Releases First Annual Report Following Merger. Nine months after the merger of two of the biggest names in the publishing world, stakeholders and industry watchers may have their first good idea of what to expect from the newly created book giant Penguin Random House (PRH). The company released the results of its 2013 fiscal year, and the details paint a rosy picture for investors, even while executives say there is a lot of work left to be done merging the former Penguin and Random House business operations.
The powerhouse publisher, the majority of which is owned by German media company Bertelsmann, reported a combined revenue of 2.7 billion euros—just over $3.7 billion U.S. Those consolidated sales represent a full year of sales for Random House, and half a year of sales from Penguin, which joined the media group officially in July of last year, following months of speculation and planning. These numbers were music to the ears of PRH CEO Markus Dohle. Pearson Confirms Guidance With Stronger Second Half. Pearson Plc (PSON), the publisher of the Financial Times newspaper, reiterated its full-year earnings forecast and said its restructuring and investment program is on schedule to speed growth next year.
The shares rose as much as 4.1 percent. Adjusted earnings per share will be 62 pence to 67 pence in 2014, London-based Pearson said in a statement today. Profit will be heavily weighted to the second half, it said. First-quarter sales dropped 6 percent on a stronger British pound versus the U.S. dollar, according to the statement. “Pearson has had a solid start to the year, in line with our expectations,” Chief Executive Officer John Fallon said in the statement. “Our major program of restructuring and investment is on track and will drive a leaner, more cash-generative, faster-growing business from 2015.” Pearson, which earns about 60 percent of revenue in the U.S., has blamed lower freshman enrollments and bookstore purchases for reducing earnings in the country. Wiley Reports Third Quarter Fiscal 2014 Results.
Reed Elsevier 2013 Results. RR Donnelley Reports Fourth-Quarter and Full-Year 2013 Results and Issues 2014 Full-Year Guidance (NASDAQ:RRD) QuickWire: Online-Education Platform 2U Inc. Plans to Go Public – Wired Campus - Blogs. Chegg-reports-fourth-quarter-and-fiscal-year-2013-results-245428801. Chegg-reports-first-quarter-2014-results-257557491.
(CNW) Thomson Reuters Reports Full-Year and Fourth-Quarter 2013 Results. Thomson Reuters Reports First-Quarter 2014 Results. Leapfrog-reports-2013-financial-results-245255721. K12 Inc. Reports Second Quarter Fiscal 2014 With Revenue of $223.9 Million. Bertelsmann Boosts 2013 Revenues to $22.1 Billion, Profits to $3.1 Billion. Invests billions; achieves leap in profits - Bertelsmann SE & Co. KGaA. Bertelsmann Q1 profit up 3.5 pct on acquisitions.