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Charges Lead to Loss at Scholastic; Sales Up
Revenue at Scholastic rose 2% in the third quarter, but a number of one-time charges led to a net loss of $22.1 million compared to a loss of $12.1 million in last year’s third quarter.
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Profits Rose at Quarto
Adjusted operating profit at the Quarto Group increased 10% in 2014, rising to $15.4 million from $14.0 million in 2013.
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Industry Sales Rose 4.9% in 2014
Total revenue for the 1,209 publishers who submit figures to the AAP’s StatShot program rose 4.9% in 2014. The increase was led by the children’s/young adult segment, while sales of adult books fell.
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Regnery Purchase Boosts Salem Media
Revenue in the publishing division of Salem Media Group more than doubled in 2014, to $26.8 million, thanks, in large part, to the 2014 acquisition of Eagle Publishing, parent company of Regnery Publishing.
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Profits Fell 12% at Lagardere Publishing in 2014
Profits at Lagardere Publishing, parent company of Hachette Book Group, fell to 197 million euros in 2014 from 223 million euros in 2013.
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Profits Rose 14% at B&N in Third Quarter
Net income increased 14% at Barnes & Noble in the third quarter ended January 31, 2015, to $72.1 million. Total revenue fell 1.7%, to $1.97 billion.
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Industry Stocks: February Performances
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Nebraska Book Co. Has Improved Third Quarter
The Nebraska Book Company reported that revenue for the third quarter rose 10.7% over the comparable period in 2013, citing higher textbook rentals for the improved results.
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Pearson Earns £69M in 2014 from Penguin Random Stake
Pearson reported 2014 earnings of £69 million, after taxes, from its 47% stake in Penguin Random House. For the year Pearson reported total revenues of £4.8 billion and operating earnings of £720 million.
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HMH Trade Ended 2014 with a Loss
Houghton Mifflin Harcourt’s trade division sales fell 4% in 2014 and it had a $2.9 million net loss in 2014 compared to net income of $6.5 million in 2013.
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Sales, Earnings Fell at S&S in 2014
Revenue at Simon & Schuster declined 3.8%, to $778 million, in 2014 while operating profit dropped 5.6%, to $101 million.
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Big Drop in E-book Sales Led to Soft 2014 at HBG
A stronger publishing lineup in 2013 and problems caused by the standoff with Amazon over sales terms resulted in a 4.8% decline in sales for the year at Hachette Book Group USA.
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Rowman & Littlefield Has Record Year
Acquisitions helped boost revenue at Rowman & Littlefield by 18 percent in 2014, CEO Jed Lyons reported. Sales at its affiliated company, National Book Network, were about even with 2013.
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AAP Monthly StatShot, November 2014
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Industry Stocks: January Performances
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Harlequin Purchase Lifts Harper
Driven by its acquisition of Harlequin, revenue rose 20% at HarperCollins in the second quarter ended December 31, 2014 over the comparable period in fiscal 2014, hitting $469 million.
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Trade Sales Mixed in November
Sales of adult trade books fell 7.8% in November compared to November 2013, while sales in the children/young adult segment rose 14.1%, according to AAP’s StatShot statistics program.
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Indigo Third Quarter Profits Soar
Earnings at Indigo Books & Music for the third quarter ended December 27, 2014 hit C$33 million compared to C$8.5 million in the same period in 2013.
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Amazon Lost $241 Million on $88 Billion in Sales
For the full year, sales increased 20% to $88.99 billion at Amazon, but the company had a net loss in the year of $241 million compared with net income of $274 million in 2013.
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AAP Monthly StatShot, October 2014
Led by gains in print formats, sales of adult trade books rose 10.9% in October over October 2013, according to figures released in AAP’s monthly StatShot program.
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