Press Release: Houghton Mifflin Harcourt Reports Significant Revenue Growth in Q2 Earnings Report
Adjusted EBITDA: Adjusted EBITDA for the second quarter of 2014 was $109 million, up 12% compared with $97 million in the same period of 2013. Adjusted EBITDA for HMH's Education segment was $119 million, compared with $100 million in the same quarter of last year, and Adjusted EBITDA for the Trade Publishing segment was $2 million compared with nearly $5 million in the second quarter of 2013. Corporate and Other costs, which represent certain general overhead costs not fully allocated to the business segments, such as legal, accounting, treasury, human resources, technology and executive functions, were a loss of $12 million in the second 2014 compared with a loss of $8 million in the year-ago period as the Company incurred higher selling and administrative expenses from increased consulting and professional fees, as well as an increase in equity compensation charges.
- Places:
- Boston