Houghton Mifflin Harcourt Announces Mac & Izzy , a Short-Form and 3D Animated Series
Nov 17 16
Houghton Mifflin Harcourt announced the debut of Mac & Izzy, a short-form, 3D animated series for early learners that gives kids a glimpse into what their imaginary friends are up to when they aren't playing with their humans. Now streaming exclusively on YouTube Kids, Mac & Izzy was developed in partnership with BAFTA Blue-Zoo Productions and WGBH Boston, America's preeminent public broadcaster and PBS content for TV and the web. Mac & Izzy is currently available on the Curious World YouTube Channel, and will be featured on the YouTube Kids app throughout November 2016. Later this year, Mac & Izzy will become a part of the Curious World app's content library, which has been downloaded more than 1 million times and offers than 1,200+ video shorts, games and books mapped to key early learning areas within a digital environment parents can trust. In seven original shorts now available, viewers will meet Mac and Izzy, two whimsical creatures who reside in Cloudville, an eccentric, magical community that is home to the world's imaginary friends when they are 'off-duty.' Thoughtful, creative Mac and ever-energetic, playful Izzy are lovable adventurers who use their imaginations to solve problems and puzzles for both their human friends and themselves – from feeling shy, to being afraid of the dark to learning new skills. Quirky, yet relatable, Mac and Izzy's escapades offer real-world lessons in an accessible, age-appropriate and hilarious framework.
Houghton Mifflin Harcourt Company Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended September 30, 2016; Provides Sales Guidance for the Full Year 2016
Nov 3 16
Houghton Mifflin Harcourt Company announced unaudited consolidated earnings results for third quarter and nine months ended September 30, 2016. For the quarter, the company reported net sales of $533,021,000, operating income of $83,371,000, income before taxes of $74,135,000, net income of $90,022,000, diluted net income per share attributable to the common stockholders of $0.73, adjusted EBITDA of $168,371,000, compared to the net sales of $575,507,000, operating income of $102,559,000, income before taxes of $91,443,000, net income of $131,081,000, diluted net income per share attributable to the common stockholders of $0.94, adjusted EBITDA of $191,542,000, for the same quarter a year ago.
For the year to date, the company reported net sales of $1,130,879,000, operating loss of $59,985,000, loss before taxes of $87,791,000, net loss of $103,517,000, diluted net loss per share attributable to the common stockholders of $0.85, net cash provided by operating activities of $9,455,000, purchases of short-term investments of $66,437,000, additions to property, plant, and equipment of $90,496,000, adjusted EBITDA of $202,579,000, negative free cash flow of $175,700,000 compared to the net sales of $1,118,059,000, operating loss of $39,414,000, loss before taxes of $66,668,000, net loss of $36,602,000, diluted net loss per share attributable to the common stockholders of $0.26, net cash provided by operating activities of $163,378,000, purchases of short-term investments of $146,518,000, additions to property, plant, and equipment of $49,642,000, adjusted EBITDA of $219,377,000, free cash flow of $34,758,000 for the same period a year ago.
The company has lowered its full year 2016 outlook for net sales and billings in light of weaker-than-expected results in the domestic education market. 2016 net sales are now expected to be between $1,320,000,000 and $1,380,000,000, and billings are now expected to be between $1,370,000,000 and $1,430,000,000.