Houghton Mifflin Harcourt Company provides education solutions for educational institutions and consumers worldwide. It delivers content, technology, and services to approximately 50 million students. The company operates in two segments, Education and Trade Publishing. The Education segment develops, publishes, and markets 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 ...
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Houghton Mifflin Harcourt Launches Character's First-Ever IOS App
Nov 19 15
Houghton Mifflin Harcourt announced the return of the iconic Carmen Sandiego brand, with the first-ever app for iPad and iPhone. Featuring a glamorous web of high-tech spies, panoramic vistas and globe-spanning intrigue,Carmen Sandiego Returns is a game of strategy, which positions players as ACME agents on a mission to capture the elusive Carmen Sandiego and her V.I.L.E. henchmen. Rooted in exploration and learning, the game encourages children to use their knowledge of history, geography and world cultures to decipher clues and stay hot on Carmen's trail, earning Carmen Coins along the way. Designed for kids ages 9-11, Carmen Sandiego Returns is filled with fun educational facts, clues and mini-games to foster curiosity and problem-solving skills, as players explore locations from Rio de Janeiro to Singapore. Using iOS accelerometer functionality, players are able to maneuver their device to explore each city in 360° detail, while touch-technology enables players to hunt for clues by tapping their device. As they journey across the world, players will attempt to stop Carmen as she removes priceless jewels from the Taj Mahal, steals a cryogenic chamber in Berlin and many more villainous adventures. Players earn Carmen Coins throughout the game, which can be spent on fast travel, mini-game boosts and challenge replays, as well as "XP" or experience points to elevate their ranking as an agent. Carmen Sandiego Returns is available for download from the App Store for $1.99, with additional content packs available in-app for $1.99 each.
Houghton Mifflin Harcourt Company Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended September 30, 2015; Provides Sales Guidance for the Year 2015
Nov 5 15
Houghton Mifflin Harcourt Company announced unaudited consolidated earnings results for third quarter and nine months ended September 30, 2015. For the quarter, the company reported net sales of $575,507,000 against $551,008,000 a year ago. Operating income was $102,559,000 against $116,151,000 a year ago. Income before taxes was $91,443,000 against $110,237,000 a year ago. Net income was $131,081,000 or $0.94 per diluted share against $107,030,000 or $0.75 per diluted share a year ago. Adjusted EBITDA was $191,542,000 against $200,287,000 a year ago. This was mainly due to many of the same factors contributing to the increase to the cost of sales and selling and administrative expenses. Adjusted cash EBITDA was $298 million, which was $43 million or 13% lower than last year, primarily due to lower deferred revenue from lower billings.
For the year to date, the company reported net sales of $1,118,059,000 against $1,106,831,000 a year ago. Operating loss was $39,414,000 against $5,677,000 a year ago. Loss before taxes was $66,668,000 against $20,591,000 a year ago. Net loss was $36,602,000 or $0.26 per basic and diluted share against $27,757,000 or $0.20 per basic and diluted share a year ago. Net cash provided by operating activities was $163,378,000 against $300,726,000 a year ago. The primary driver of this swing was the change in the deferred revenue, along with higher interest. Additions to property, plant and equipment was $49,642,000 against $49,779,000 a year ago. Adjusted EBITDA was $219,377,000 against $256,331,000 a year ago.
For full year 2015, the company expects net sales to be in the range of $1,415 million to $1,450 million, which is 3% to 6% up from 2014 net sales.