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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, digital and print teaching and learning solutions, and associated educational services for the academic, professional, school, and research markets. The company operates through two segments, Domestic and International. It also offers digital products and services, such as CourseMate, an integrated, Web-based solution that includes eTextbook, multimedia resources, flashcards, and quizzes; CourseMaster, which provides assignable, gradable homework solutions under the Aplia, OWL, and SAM brands, as well as instant feedback about students; and Course360, an online course solutions that help schools reach an ar...

20 Channel Center Street

Boston, MA 02210

United States

5,000 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 Announces Earnings Results for the Third Quarter and First Nine Months December 31, 2015; Provides Earnings Guidance for the Full Year of Fiscal 2015

Cengage Learning announced earnings results for the third quarter and first nine months December 31, 2015. For the quarter, the company announced adjusted revenue was lower by 2.2% versus prior year with strong growth in digital products at domestic learning and Gale. This growth was offset by volatility in the international markets and the impact of greater-than-anticipated print attrition across all domestic markets. In the third quarter, adjusted EBITDA less capital expenditure improved $2.1 million or 3.1% to $69.9 million over prior year. Capital expenditure was $12.5 million during the third quarter down $3.2 million. For the first nine months, the company announced that adjusted revenue declined 3.6% with strong digital sales offset by lower first quarter sales at Gale, continued pressure on the print portion of the company’s domestic learning business and volatility in the international markets. Year-to-date, adjusted EBITDA less capital expenditure improved $10.4 million or 3.1%. Capital expenditure was $39.6 million down $21.5 million. The company generated $385.7 million of operating cash flow in the first nine months of the year. The company provided earnings guidance for the full year of fiscal 2015. The company now expects full year revenue and adjusted - on adjusted and cash basis to be lower than prior year. At this point, the company expects to grow EBITDA less capital expenditure for the full year as a result of the cost actions. The company expects total capital spend to be between 11% and 13% of adjusted revenue.

Cengage Learning Holdings II, Inc., Q3 2016 Earnings Call, Feb 10, 2016

Cengage Learning Holdings II, Inc., Q3 2016 Earnings Call, Feb 10, 2016

Cengage Learning Appoints Executives

Cengage Learning announced the appointment of two to head the company's strategic communications and marketing activities. Sandi Kirshner has taken on the newly created role of Chief Communications Officer, while Sharon Loeb will serve as Chief Marketing Officer. In her new role as Chief Communications Officer, Sandi Kirshner is responsible for all integrated company communications and branding, reporting to Michael Hansen. Sandi most recently served as the company's Chief Marketing Officer and has deep experience developing and implementing branding, messaging and campaigns that produce maximum impact while building relationships with key stakeholders - including students, faculty, authors and thought leaders. Sandi joined Cengage Learning from Pearson, where she held several senior leadership roles. She will continue to serve on the Executive Team. As Chief Marketing Officer Sharon Loeb will also serve on the Executive Team, reporting to Kevin Stone, Chief Sales and Marketing Officer. Sharon has nearly 20 of experience in the industry leading teams with a highly integrated, customer-centric and data-driven approach. Most recently she served as the head of McGraw-Hill's Higher Education Marketing group. Prior to that, Sharon was Senior Director of Strategic Marketing for McGraw-Hill Higher Education, where she led the marketing communications across several business units.

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