May 24, 2017 10:49 PM ET

Diversified Consumer Services

Company Overview of Houghton Mifflin Harcourt Company

Company Overview

Houghton Mifflin Harcourt Company provides content, services, and technology solutions for educational institutions and consumers. It primarily delivers kindergarten through 12th grade (K-12) education content. The company operates in two segments, Education and Trade Publishing. The Education segment offers various comprehensive curriculum programs that focus on reading, literature and language arts, mathematics, science, world languages, and social studies for the pre-K-12 market; and comprehensive intervention solutions for assisting English language learners, as well as products providing incremental instruction in a particular subject area. It also provides professional books and develo...

125 High Street

Boston, MA 02110

United States

Founded in 1832

4,500 Employees



Key Executives for Houghton Mifflin Harcourt Company

Chief Financial Officer and Executive Vice President
Age: 39
Total Annual Compensation: $400.0K
President of Houghton Mifflin Harcourt Trade Publishing
Age: 53
Total Annual Compensation: $400.0K
Chief Content Officer and Executive Vice President of Product Planning, Development & Marketing
Age: 49
Total Annual Compensation: $479.8K
Executive Vice President, General Counsel and Secretary
Age: 61
Total Annual Compensation: $450.0K
Executive Vice President of Global Sales
Age: 51
Total Annual Compensation: $490.0K
Compensation as of Fiscal Year 2016.

Houghton Mifflin Harcourt Company Key Developments

Houghton Mifflin Harcourt Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2017

Houghton Mifflin Harcourt announced unaudited consolidated financial results for the first quarter ended March 31, 2017. Net sales of $222 million for the first quarter of 2017, up 8% or $16 million compared to $206 million in the same quarter of 2016. The net sales increase was driven by an increase in domestic education net sales of $14 million primarily due to higher sales in California Reading and a $5 million one-time fee associated with the expiration of a distribution agreement. Operating loss for the first quarter of 2017 was $96 million, $26 million lower than the $122 million operating loss recorded in the same period of 2016 due to the aforementioned changes in net sales, cost of sales, and selling and administrative costs. Net loss of $121 million in the first quarter of 2017 was $44 million or 27% lower compared to a net loss of $165 million in the same quarter of 2016, due primarily to the same factors impacting operating loss and by a favorable change in tax provision of $20 million, from an expense of $34 million for the same period in 2016 to an expense of $14 million in 2017, primarily related to a change in certain tradenames from indefinite-lived intangibles to definite-lived in tangibles during the fourth quarter of 2016. Diluted net loss per share attributable to common stockholders was $0.98 compared to $1.34 a year ago. Adjusted EBITDA for the first quarter of 2017 was a loss of $24 million, a decrease of $17 million from $41 million in the same quarter of 2016, primarily due to higher net sales from HMH's domestic education business and lower selling and administrative expenses. Net cash used in operating activities for the three months ended March 31, 2017 was $96 million compared with $113 million for the same period in 2016. The $17 million decrease in cash usage was primarily driven by more profitable operations, offset partially by unfavorable net changes in operating assets and liabilities. Loss before taxes was $106.266 million against $130.753 million a year ago. Total CapEx was $45 million during the first quarter. Additions to property, plant, and equipment was $17,170,000 compared to $24,837,000 a year ago. Free cash outflow was $140,908,000 compared to $170,371,000 a year ago.

Houghton Mifflin Harcourt Company to Report Q1, 2017 Results on May 04, 2017

Houghton Mifflin Harcourt Company announced that they will report Q1, 2017 results at 9:00 AM, Eastern Standard Time on May 04, 2017

Houghton Mifflin Harcourt Company, Q1 2017 Earnings Call, May 04, 2017

Houghton Mifflin Harcourt Company, Q1 2017 Earnings Call, May 04, 2017

Similar Private Companies By Industry

Company Name Region
1-800-Dryclean, LLC United States
1-800-PHONESEX United States
125 Max Drycleaning Center LLC United States
180 Skills LLC United States
19Pencils, Inc. United States

Recent Private Companies Transactions

Private Placement
December 8, 2016
Tangible Play, Inc.

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Houghton Mifflin Harcourt Company, please visit Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at