March 03, 2015 3:06 AM ET

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Company Overview of McGraw-Hill Ryerson Ltd.

Company Overview

McGraw-Hill Ryerson Limited develops and distributes educational and professional learning solutions in digital and print media in Canada. The company’s products offerings include text and professional reference books; multimedia tools; and teaching, assessment, support, and monitoring solutions. It operates in three divisions: Higher Education, School, and Professional. The Higher Education division develops and markets learning solutions primarily in the business and economics, science, math, computer science, social sciences, and humanities disciplines. This division offers McGraw-Hill Connect, an online study tool; and LearnSmart Advantage suite of learning solutions, as well as serves p...

300 Water Street

Whitby, ON L1N 9B6

Canada

169 Employees

Phone:

905-430-5000

Fax:

905-430-5020

Key Executives for McGraw-Hill Ryerson Ltd.

Chief Executive Officer, President, Director, Member of Executive Committee, Member of Finance Committee and Member of Corporate Governance Committee
Age: 57
Chief Financial Officer, Vice-President, Treasurer and Secretary
President of School Division
President of Higher Education Division
Director, Member of Executive Committee, Member of Human Resources Committee, Member of Corporate Governance Committee and President of Mcgraw-Hill Global Education Holdings, LLC
Compensation as of Fiscal Year 2014.

McGraw-Hill Ryerson Ltd. Key Developments

McGraw-Hill Ryerson Ltd. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014; Reports Impairment Loss on Assets for the First Quarter of 2014

McGraw-Hill Ryerson Ltd. reported unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenue of $7.255 million compared to $7.871 million for the same period a year ago. Operating loss was $3.679 million compared to $2.246 million for the same period a year ago. Loss before income taxes was $3.821 million compared to $2.320 million for the same period a year ago. Net loss for the period attributable to equity holders of the Company was $3.081 million or $1.54 per basic and diluted share compared to $1.805 million or $0.90 per basic and diluted share for the same period a year ago. Cash used by operating activities were $3.215 million compared to $3.652 million for the same period a year ago. Investment in property, plant and equipment was of $11,000 compared to $44,000 for the same period a year ago. The increase in net loss was mainly driven by the impairment on asset. Excluding the impact of impairment, net loss of $1.7 million is consistent with 2013. The company reported impairment loss on assets for the first quarter of 2014 of $1.415 million.

McGraw-Hill Ryerson Ltd., Annual General Meeting, Jun 10, 2014

McGraw-Hill Ryerson Ltd., Annual General Meeting, Jun 10, 2014., at 15:00 Eastern Daylight. Location: the offices of Osler, Hoskin & Harcourt LLP. Agenda: To consider and, if thought advisable, to pass a special resolution, to the accompanying management information circular, approving an arrangement pursuant to section 182 of the Business Corporations Act (Ontario); and to transact such further and other business as may properly be brought before the meeting or any postponement or adjournment thereof.

McGraw-Hill Ryerson Ltd. Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

McGraw-Hill Ryerson Ltd. announced unaudited earnings results for the fourth quarter and full year ended December 31, 2013. For the fourth quarter, the company reported total revenue of $20,173,000 against $21,989,000 a year ago. Net income was $2,023,000 compared to $4,362,000 a year ago. Net income per share was $1.01 against $2.18 a year ago. For the full year, the company reported total revenue of $71,117,000 against $77,082,000 a year ago. Operating income was $8,037,000 against $10,801,000 a year ago. Income before income taxes was $7,908,000 against $11,228,000 a year ago. Net income for the year attributable to equity holders of the company was $5,819,000 or $2.91 per basic and diluted share against $8,145,000 $4.08 per basic and diluted share a year ago. Cash provided by operating activities was $18,702,000 against $19,240,000 a year ago. Investment in property, plant and equipment was $119,000 against $194,000 a year ago. Net income decreased to $5.8 million from $8.1 million last year, mainly driven by the sales decrease.

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