Year-to-Date Results
For the first half of fiscal 2014, revenue was $899.5 million, compared to $906.9 million in the prior year period. Earnings per diluted share from continuing operations in the first half of the fiscal year was $0.87, compared to $0.95 a year ago, including one-time charges of $0.39 in the current period. These results are mainly attributable to Hunger Games trilogy sales in print, digital, and audio formats in the U.S. and major international markets, including Canada, Australia and the UK, that were strong, but lower than the exceptional sales in the same period last year. This was partially offset by higher sales of educational technology products and classroom books and magazines. The Company reported consolidated earnings per diluted share in the first half of fiscal 2014 of $0.88, compared to $0.91 a year ago. On a year-to-date basis, the Company generated free cash flow of $35.6 million, compared to $64.4 million in the previous year.
- Companies:
- Scholastic Inc.
- Places:
- Asia
- New York City