HMHC - HMHC STOCK NEWS

Houghton Mifflin Harcourt (HMH) announced new senior leadership appointments to enhance its digital-first strategy. Greg Collins joins as Senior Vice President, Platform, to lead product management for the Ed platform, which experienced 306% user growth in 2020. Selva Vinothe Mahimaidas is appointed as Chief Information Security Officer to strengthen cybersecurity measures. These leadership changes aim to further HMH's mission of delivering impactful learning experiences across various educational environments. HMH invests over $100 million annually in technology to support its growth.

Houghton Mifflin Harcourt (HMHC) appointed Jean-Claude Brizard to its board of directors, enhancing its leadership in educational technology. With over 30 years in the K-12 education sector, Brizard aims to strengthen HMH's digital-first strategy. His previous roles include Chief Executive of Chicago Public Schools and Senior Advisor at the Bill and Melinda Gates Foundation. HMH, committed to improving student outcomes and delivering engaging learning solutions, serves over 50 million students globally.

On March 15, 2021, Houghton Mifflin Harcourt announced the launch of HMH Into Science, a K-5 core curriculum aligned with Next Generation Science Standards (NGSS). This digital-first program enhances learning through multimedia and interactivity, seamlessly integrating English Language Arts. It also includes comprehensive assessments and promotes social-emotional learning. Designed for educators' busy schedules, HMH Into Science supports various teaching environments. The initiative aims to improve student engagement and outcomes across 150 countries, serving over 50 million students.

Heinemann, a division of Houghton Mifflin Harcourt (HMH), announced the expansion of its math education resources with the launch of Listening to Learn, a K–5 digital interview tool by renowned educators Marilyn Burns and Lynne Zolli, set for Spring 2021. This offering aims to enhance numerical reasoning in students. Heinemann also introduces Do The Math, a program for grades 1–5, alongside acquiring other math-related resources. The expansion reflects Heinemann's commitment to enhancing educational offerings amid growing demand for numerical literacy.

Houghton Mifflin Harcourt (HMHC) reported significant financial results for Q4 and the full year 2020, revealing a 26% decline in net sales to $1.031 billion amid the COVID-19 pandemic. Billings dropped 32% to $1.089 billion, with the Education segment suffering a $515 million decrease. Despite challenges, SaaS billings grew 142% and digital platform users increased by 306%. HMH achieved positive free cash flow with an outlook for 2021 billings between $1.10 billion and $1.15 billion, alongside an expected unlevered free cash flow margin of 9% to 11%. Adjusted EBITDA for 2020 stood at $132 million.

Houghton Mifflin Harcourt (HMH) announced it will release its fourth quarter and full year 2020 financial results on February 25, 2021, before market opening. A conference call will follow at 9:30 a.m. ET on the same day, with web access available for investors. HMH, a learning technology company, provides K–12 educational solutions to over 50 million students globally. The press release includes forward-looking statements regarding potential risks, particularly related to the COVID-19 pandemic, which may impact future operations and financial performance.

Houghton Mifflin Harcourt Books & Media will release The Nature of Middle-earth, a collection of unpublished writings by J.R.R. Tolkien, in the U.S. on June 24, 2021. Edited by Carl F. Hostetter, this volume presents Tolkien's explorations of Middle-earth, revealing insights into themes like Elvish immortality and the geography of Númenor. With over 150 million copies of The Hobbit and The Lord of the Rings sold globally, this new collection is anticipated to captivate fans and readers, reinforcing Tolkien's literary legacy.

Houghton Mifflin Harcourt has partnered with Montgomery Public Schools to implement Amira Learning, an AI-driven reading assistant designed to enhance early literacy skills. The initiative will begin at Brewbaker Primary School, targeting over 600 diverse students, particularly English Language Learners. Amira offers personalized 1:1 reading practice and assessment, crucial during the hybrid learning environment prompted by COVID-19. This collaboration aims to address educational gaps exacerbated by the pandemic, ensuring students receive tailored support for improving reading proficiency.

Houghton Mifflin Harcourt (HMHC) reported Q3 2020 financial results, with net sales declining 32% to $387 million and billings down 32% to $506 million due to COVID-19 impacts. The company plans to explore selling its Consumer Publishing business to reduce debt and focus on its digital strategy. Despite declines, key indicators like SaaS billings grew by 147%, and cash flow remained strong with $264 million from operations. However, HMH recorded a net loss of $13 million, marking a significant decline from last year's profit, as well as an adjusted EBITDA of $97 million, down from $149 million.