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Quarterly Earnings Flat at S&S, Sales Dropped 11%
Faced with a difficult comparison to last year's third quarter, sales at Simon & Schuster fell 11% in the third period ended September 30, 2014, compared to the same period last year.
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Sales Up, Earnings Down at HMH Trade
Sales at Houghton Mifflin Harcourt’s trade segment rose 1.5% in the third quarter of 2014 compared to the same period last year, rising to $46.5 million. Adjusted EBITDA , however, dropped 16.3% to $7.2 million.
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Harlequin, Divergent Drive HarperCollins
The purchase of Harlequin, combined with the continuing strong sales of the Divergent series, resulted in a 24% sales increase at HarperCollins in the first quarter of fiscal 2015, which ended September 30.
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Quarterly Sales Inched Up at Quarto
The company reported that third quarter revenue for the period ended September 30, 2014, rose to $54.5 million, from $54.2 million in the comparable quarter in 2013.
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Monthly StatShot, July 2014
Sales of adult trade books were down 2.2% in the first seven months of 2014, compared to the same period in 2013, while sales in the children’s/YA segment rose 25.8%, according to AAP’s monthly StatShot program.
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Children's Sales Stay Hot in July
Sales of adult books were down 2.2% in the first seven months of 2014, while the children's segment seems headed for a banner year with sales up 25.8% through July.
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Big Losses, Big Questions for Amazon
Amazon's release of its third quarter financial results Thursday afternoon gave analysts and investors lots to think about as the giant e-tailer posted a large quarterly loss, forecast the possibility of a loss for the fourth quarter and had slowing growth in its media segment.
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Industry Stocks: September Performances
September was a bad month for the Publishers Weekly Stock Index, with only two of the 13 companies on the PWSI seeing an increase in their stock prices.
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AAP Monthly StatShot, May 2014
With the notable exceptions of audio downloads and children’s/YA, sales were down through May compared to the first five months of 2013, based on figures supplied to the AAP by 1,209 publishers for its StatShot program.
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Scholastic Has Higher Sales, Bigger Loss
Revenue at Scholastic hit $283.8 million in the first quarter ended Aug. 31, 2014. This figure is up 3% over the same period a year ago. The net loss increased to $34.1 million from $29.9 million.
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AAP Numbers Show Drop in Book Sales for May
Book sales fell 1.6% in May, to $1.09 billion, compared to the same month last year. However, sales rose 2.3%, to $4.29 billion, for the first five months of the year, as compared to same period in 2013, according to the AAP’s monthly StatShot program.
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Sales Up, Earnings Down at Wiley
John Wiley reported that revenue for the first quarter ended July 31, 2014 rose 6.6%, to $437.6 million, while net income fell to $33.6 million from $35.9 million in the first quarter of fiscal 2014.
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Industry Stocks: August Performances
With stock prices rising at eight companies and falling at five, the Publishers Weekly Stock Index rose 5.5% in August, beating the increase in the Dow Jones Industrial Average by more than two percentage points.
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For Major Publishers, A Not-So-Profitable Six Months
Publishers remained profitable in the first six months of this year, but margins slipped at four of the six major companies that report financial results, compared to the first half of 2013.
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Children's Led PRH in First Half of 2014
Penguin Random House posted total revenue of 1.46 billion euros in the first half of 2014 and operating EBITDA of 159 million euros.
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HMH Trade Group Down in Second Quarter
Sales in the Houghton Mifflin Harcourt trade group fell 5% in the second quarter ended June 30, 2014, and the unit had an operating loss of $1.7 million.
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Quarto Results Off in First Half of 2014
Revenue at U.K.-based illustrated book publisher Quarto Group fell 3% in the first half of 2014, falling to $65.6 million. Operating profit dipped to $2.8 million from $3.0 million in the first six months of 2013.
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Simon & Schuster Second Quarter Sales Rise 12%
S&S reported a 12% rise in revenue in the second quarter of 2014, credited the growth to such print bestsellers as Hillary Clinton's 'Hard Choices' and Stephen King's 'Mr. Mercedes.'
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Harper Posts Big Earnings Jump
HarperCollins finished a strong fiscal 2014 that ended June 30 with a 5% increase in revenue to $1.4 billion, while EBITDA jumped 39% to $197 million.
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Chegg & Ingram Form Strategic Alliance
As part of its transition to become a pure digital business, the higher education learning platform is partnering with Ingram on print textbooks.
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