February 21, 2017 11:06 PM ET

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Company Overview of Cengage Learning Holdings II, Inc.

Company Overview

Cengage Learning Holdings II, Inc., together with its subsidiaries, provides content and digital learning solutions for the academic, skills, school, and research markets. The company operates through two segments, Domestic and International. It offers CourseMate, an integrated, Web-based solution that includes eTextbook, multimedia resources, flashcards, and quizzes; MindTap, a course solution that includes assessment, immediate feedback, and analytics for instructors and students; Aplia, an online learning solution that provides interactive chapter assignments correlating to specific textbooks; and Course360, an online course solutions that help schools reach an array of students. The comp...

20 Channel Center Street

Boston, MA 02210

United States

4,800 Employees

Key Executives for Cengage Learning Holdings II, Inc.

Cengage Learning Holdings II, Inc. does not have any Key Executives recorded.

Cengage Learning Holdings II, Inc. Key Developments

Cengage Learning Holdings II, Inc. Announces Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016

Cengage Learning Holdings II, Inc. announced earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported adjusted revenue was $326 million, down 10% from prior year; and adjusted EBITDA less prepub was $72 million, a decline of $10 million in the quarter. Adjusted EBITDA less prepub declined $10 million or 13% for the quarter. For the nine months, adjusted revenue was down 9% from prior year. The revenue declines were driven by the higher ed performance within Learning business, partially offset by growth in Gale and International. Profitability was impacted by the flow-through of top line results. Adjusted EBITDA less prepub is $42 million, a 25% margin, up from 22% in the year-ago period.

Cengage Learning Holdings II, Inc., Q3 2017 Earnings Call, Feb 08, 2017

Cengage Learning Holdings II, Inc., Q3 2017 Earnings Call, Feb 08, 2017

Cengage Learning Holdings II, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2016

Cengage Learning Holdings II, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2016. For the quarter, the company reported revenues of $542.9 million compared to $586.1 million a year ago. Operating income was $136.0 million compared to $64.8 million a year ago. Income before taxes was $97.3 million compared to $25.4 million a year ago. Net income was $58.9 million compared to $15.7 million a year ago. Adjusted EBITDA was $237.1 million compared to $265.9 million a year ago. For the six months, the company reported revenues of $849.9 million compared to $929.9 million a year ago. Operating income was $120.8 million compared to $38.9 million a year ago. Income before taxes was $30.8 million compared to loss before taxes of $43.5 million a year ago. Net income was $16.9 million compared to net loss of $31.6 million a year ago. Net cash provided by operating activities was $150.1 million compared to $199.8 million a year ago. Additions to property, equipment and capitalized software for internal-use were $26.7 million compared to $27.1 million a year ago. Adjusted EBITDA was $313.0 million compared to $360.8 million a year ago.

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