May 25, 2016 5:57 PM ET

Diversified Consumer Services

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. Reports Earnings Results for the Fourth Quarter and Year Ended March 31, 2016; Provides Guidance for the Remainder of 2016

Cengage Learning Holdings II, Inc. reported earnings results for the fourth quarter and year ended March 31, 2016. Adjusted EBITDA less CapEx in the fourth quarter grew $21 million or 135% as a result of both higher revenue and lower operating cost. Domestic segment revenue, which includes Gale and learning, grew 3.1%, and domestic learning increased 1.1% in the fourth quarter, with strong digital growth partially offset by the weaker performance of print. Courseware gross sales grew 26% in the fourth quarter. Adjusted cash revenue for the total company was up 5.5% in the fourth quarter and down 1.3% for the year. In the fourth quarter, adjusted EBITDA less CapEx improved $21 million or 135% to $37 million over prior year, driven by the flow-through of revenue as well as disciplined cost management. Full year adjusted EBITDA less CapEx improved $32 million or 9%. Adjusted cash EBITDA less CapEx grew 12% to $411 million. The strong performance in 2016 marks the first year of adjusted EBITDA less CapEx growth of the company since emergence, clearly a significant achievement for the company. Free cash flow was very strong, growing 17% year-over-year. The company generated $334 million of operating cash flow during the year. The company expects third quarter 2016 EBITDA is slightly weaker and fourth quarter to be little bit stronger based on those trends. Fiscal second half is like on a holistic basis as opposed to quarter by quarter.

Cengage Learning Holdings II, Inc., Q4 2016 Earnings Call, May 12, 2016

Cengage Learning Holdings II, Inc., Q4 2016 Earnings Call, May 12, 2016

Cengage Learning Appoints Daniel Sieger as Senior Vice President of Brand Strategy

Cengage Learning announced the appointment of Daniel Sieger to the role of Senior Vice President of Brand Strategy. In this capacity, Sieger will lead all brand innovation efforts aimed at building meaningful connections between the company and key stakeholders across the academic, business and media sectors. Based in New York City, Sieger will be responsible for the creation and execution of branding initiatives that produce impactful results and achieve strategic goals. Additionally, he will identify opportunities for meaningful community involvement and establish key partnerships to reinforce company's mission, values and impact. Most recently, he served as the Vice President of Communications at McGraw-Hill Education, where he helped to shape the company's corporate narrative and identity.

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