Edition:
United States

Houghton Mifflin Harcourt Co (HMHC.OQ)

HMHC.OQ on NASDAQ Stock Exchange Global Select Market

12.00USD
21 Jul 2017
Change (% chg)

$0.05 (+0.42%)
Prev Close
$11.95
Open
$12.05
Day's High
$12.05
Day's Low
$11.77
Volume
209,646
Avg. Vol
249,691
52-wk High
$17.69
52-wk Low
$9.18

Latest Key Developments (Source: Significant Developments)

Houghton Mifflin board expands to ten directors
Thursday, 25 May 2017 08:15am EDT 

May 25 (Reuters) - Houghton Mifflin Harcourt Co ::Houghton Mifflin Harcourt - to reorganize its existing product planning, development and marketing function under Mary J. Cullinane into three separate functions.Houghton Mifflin Harcourt Co - company and Cullinane discussed her departure from HMH when company transitions to new structure.Houghton Mifflin Harcourt Co - on May 19, board expanded to ten directors, appointed John J. Lynch, Jr., company's president and CEO, as a director.  Full Article

Houghton Mifflin Harcourt estimates annualized cost savings of about $70 mln to $80 mln
Tuesday, 18 Apr 2017 04:55pm EDT 

April 18 (Reuters) - Houghton Mifflin Harcourt Co -:Houghton Mifflin Harcourt - currently estimate annualized cost savings of about $70 million to $80 million exiting 2018 as a result of planned cost-reduction actions.Houghton Mifflin Harcourt expects to substantially complete actions by end of may 2017 and to substantially complete remaining planned actions by end of 2018.Houghton Mifflin Harcourt - currently estimates implementation of planned actions will result in total charges of about $41-$45 million.Houghton Mifflin Harcourt - planned activities expected to result in total reduction of co's workforce by about 8% to 10% across its various locations.  Full Article

Houghton Mifflin Harcourt announces cost-reduction actions
Thursday, 16 Mar 2017 04:54pm EDT 

Houghton Mifflin Harcourt Co : Houghton Mifflin Harcourt Co - on March 16, co informed employees of certain proposed operational efficiency and cost-reduction actions . Houghton Mifflin Harcourt Co - expects to substantially complete organizational design change actions by end of may 2017 . Houghton Mifflin Harcourt Co - expects to substantially complete remaining actions by end of 2018 . Houghton Mifflin Harcourt Co - actions include process for making organizational design changes across layers of co below executive team . Houghton Mifflin- currently unable to determine estimate of total amount it expects to save,or expects to incur in connection with proposed actions .Houghton Mifflin - actions include other right-sizing initiatives expected to result in reductions in force, process for consolidating office space.  Full Article

Houghton Mifflin reports Q4 loss of $1.48/shr
Thursday, 23 Feb 2017 07:12am EST 

Houghton Mifflin Harcourt Co : Houghton Mifflin Harcourt announces full year 2016 results . Houghton Mifflin Harcourt Co qtrly loss per share $1.48 . Q4 sales $242 million versus I/B/E/S view $227.3 million . Sees FY 2017 sales $1.325 billion to $1.405 billion . Houghton Mifflin Harcourt Co sees 2017 billings to be in range of $1.375 to $1.455 billion . Houghton Mifflin Harcourt Co - For 2017 expects its adjusted EBITDA margin to be flat to slightly below 2016 level . Houghton Mifflin Harcourt Co - 2016 billings were $1,410 million, an 8 percent decrease compared with $1,541 million in 2015 .Sees 2017 total capital expenditure including non-plate capital expenditures in range of $190 to $220 million.  Full Article

Houghton Mifflin Harcourt Q2 loss per share $0.23
Thursday, 4 Aug 2016 07:09am EDT 

Houghton Mifflin Harcourt Co : Q2 net sales were $392 million, an increase of $12 million compared with $380 million in same period in 2015 . Q2 billings were $413 million, a decrease of $23 million compared with $436 million in q2 of 2015 . Company lowers full year 2016 outlook for net sales and billings . 2016 net sales are now expected to be between $1,485 and $1,555 million . 2016 billings are now expected to be between $1,525 and $1,595 million . Qtrly loss per share $0.23 . Q2 earnings per share view $-0.02, revenue view $431.3 million -- Thomson Reuters I/B/E/S .Fy2016 revenue view $1.54 billion -- Thomson Reuters I/B/E/S.  Full Article

Houghton Mifflin Harcourt increases number of directors from 8 to 9 members
Wednesday, 20 Jul 2016 08:35am EDT 

Houghton Mifflin Harcourt Co :On July 18 board increased number of directors from eight to nine members and appointed Tracey D. Weber to board.  Full Article

Houghton Mifflin Harcourt Co acquires eBook and Technology Assets from MeeGenius
Tuesday, 11 Aug 2015 10:00am EDT 

Houghton Mifflin Harcourt Co:Has acquired select eBook and technology assets of MeeGenius _ an eBook subscription service for children aged up to eight years old.  Full Article

Houghton Mifflin Harcourt gives FY 2015 net sales guidance
Thursday, 6 Aug 2015 07:05am EDT 

Houghton Mifflin Harcourt:Total net sales in FY 2015 to increase by 9 pct. to 12 pct. over FY 2014 net sales of $1,372 million.  Full Article

Houghton Mifflin Harcourt Co and WGBH Boston sign co-production agreement for gossie & friends television series
Wednesday, 5 Aug 2015 10:23am EDT 

Houghton Mifflin Harcourt:Says co-production agreement for creation of a television and cross-platform series based on the Gossie & Friends book series, published by Co and written and illustrated by Olivier Dunrea.Says Co and WGBH will partner to pursue a domestic broadcasting arrangement for the series, as well as international co-production financing.  Full Article

BRIEF-Houghton Mifflin board expands to ten directors

* Houghton Mifflin Harcourt - to reorganize its existing product planning, development and marketing function under Mary J. Cullinane into three separate functions