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Q3 Down at HMH Trade Group
Sales at Houghton Mifflin Harcourt’s trade publishing division fell 7% in the third quarter ended September 30, 2015 and net income dropped to $164,000 from $3.5 million in the third quarter of 2014.
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Earnings Tumble at HarperCollins
Lower e-book sales were the major factor in the publisher's rough financial quarter, which ended September 30. In the period, HC saw its EBITDA drop by 24%. Although sale rose slightly, they would have been down without the purchase of Harlequin.
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Sales, Earnings Up at Simon & Schuster
Revenue at the Big Five house increased 2% in the third quarter, rising to $203 million. Bestselling adult titles in the quarter included 'The Survivor' by Vince Flynn and Kyle Mills, and this year's Pulitzer Prize-winner for fiction, Anthony Doerr's 'All the Light We Cannot See.'
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Six Months Sales Up at Bloomsbury, But Earnings Dip
Revenue at Bloomsbury Publishing rose 13% in the six months ended August 31, 2015 compared to the same period a year ago, but pretax profit dipped to £342,000 from £509,000.
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Amazon Beats Third Quarter Estimates
Amazon did better than analysts had been expecting in the third quarter, posting net income of $79 million while total sales jumped 23% to $25.4 billion.
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Bestsellers Offset Weak E-book Sales at Penguin Random House
A number of big bestsellers helped to offset 'weaker' e-book sales in the third quarter, Pearson reported.
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AAP Monthly Statshot, June 2015
Sales in the adult trade segment were up 3.1% in the first six months of 2015 over 2014, while sales of children’s/young adult books fell 12.3% in the same period, according to figures released by the Association of American Publishers‘ StatShot program.
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EDC Second Quarter Sales Jump 85%
Led by a 152% jump in sales in its home business division, total revenue at Educational Development Corp. rose 85% in the second quarter ended August 31, 2015 over last year’s second period.
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Adult Trade Sales Up in Six Months, Kids Down
Sales in the adult trade segment were up 3.1% in the first six months of 2015 over 2014, while sales of children’s/young adult books fell 12.3% in the same period, according to figures released by the Association of American Publishers StatShot program.
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Industry Stocks: September 2015 Performances
The Publishers Weekly Stock Index slipped 2.5% in September, a slightly worse performance than the Dow Jones Industrial Average, which dipped 1.5% in the month.
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Lackluster First Quarter for Scholastic
Revenue for the first quarter ended August 31 inched up 0.3%, to $191.2 million, over the first period of fiscal 2015 at Scholastic. The net loss increased to $49.4 million from $34.1 million a year ago.
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Cairns Out, Montgomery Up at Publishing Technology
Publishing Technology has announced that CEO Michael Cairns has stepped down, effective immediately after the Board projected a net loss for the year.
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Sales Down, Losses Up at Barnes & Noble
Total revenue at Barnes & Noble fell 1.5% in the first quarter ended August 1, 2015, to $1.2 billion, compared to last year’s first period and the net loss increased to $34.9 million from $28.4 million.
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McGraw-Hill Education to Go Public
McGraw-Hill Education confirmed Friday that it plans to go public, approximately three years after the private equity firm, the Apollo Group, acquired the educational publishing giant.
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Monthly StatShot, May 2015
May was a bad month for publishers, with sales down in most of the major categories compared to the same month last year.
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Industry Stocks: August Performances
Although only one of the 12 companies on the Publishers Weekly Stock Index saw an increase in its stock price in August, the PWSI managed to post a smaller loss than the Dow Jones Industrial Average.
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EDC Has Record Revenue
Revenue at Educational Development Corp. jumped 205% in August over August 2014, hitting just over $5 million.
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May Sales Drop for Adult, Children's Books
Trade sales in May saw some wild swings, according to AAP’s monthly StatShot program. In the adult books segment there was a decline of 5.0%, compared to the same month last year. Meanwhile, sales in children’s/young adult fell 9.3%.
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First Half Results Rise at Penguin Random House
Sales rose 16.2%, to 1.70 billion euros, and earnings increased 30.2% at Penguin Random House in the first half of 2015 over the same period in 2014.
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July Sales Jump at EDC
July sales at Educational Development Corp. jumped 74.7% over July 2015, hitting $4.3 million, the company reported.
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