Read up on Houghton Mifflin Harcourt
03/21/2017 2:50 am EST
Boston-based education publisher Houghton Mifflin Harcourt Co. (HMHC) is a global learning company and a leading provider of pre-K–12 education content, services and technology solutions, explains David Fried, editor of The Buyback Letter.
HMHC creates educational content and experiences from early childhood to beyond the classroom, serving more than 50 million students in over 150 countries worldwide. It has 4,500 employees in 25 offices worldwide.
The company’s distinguished author list, from Ralph Waldo Emerson to Philip Roth, and brands from Curious George to The Lord of the Rings, includes 10 Nobel Prize winners, 48 Pulitzer Prize winners, 15 National Book Award winners, and more than 100 Caldecott, Newbery, Printz and Sibert Medal and Honor recipients.
It also owns Channel One News, an award-winning daily news program that encourages young people to become informed global citizens.
The company recently partnered with The Fred Rogers Company to launch original short-form videos for kids and families, and released HMH Social Studies 2018, its new, next generation social studies curricula for grades 6 through 12.
HMHC recruited new CEO Jack Lynch from Google-backed Renaissance Learning, an education analytics company in Wisconsin. Lynch has said he hopes to help HMHC “Lead the education industry in the rapid transition to digital and highly personalized learning experiences."
The fourth quarter showed revenues of $241 million, with a loss of $181 million. For the year, the company reported that its loss widened to $284.6 million, or $2.32 per share. Revenue was reported as $1.37 billion. HMHC has repurchased about 8.40% of its shares in the past 12 months.