HMHC - HMHC STOCK NEWS

Houghton Mifflin Harcourt (HMH) announced a strategic restructuring aimed at accelerating its digital transformation and aligning costs with a digital-first strategy. This involves a 22% workforce reduction and estimated annual expenditures cut of $95 to $100 million. The restructuring follows an analysis of value innovation and responds to the growing reliance on digital solutions in K-12 education due to the COVID-19 pandemic. HMH anticipates a significant reduction in break-even billings for 2021, with a cash balance of approximately $265 million as of September 30, 2020.

Houghton Mifflin Harcourt has partnered with Ypsilanti Community Schools to implement the HMH Anywhere digital learning platform. This partnership aims to enhance educational access amidst varying learning environments, providing a unified solution for teachers and students. The initiative includes a range of curriculum solutions aligned with Michigan Academic Standards and offers comprehensive support for educators. The Ypsilanti school district has reported successful integration of HMH’s literacy programs since transitioning to remote learning during the pandemic.

Houghton Mifflin Harcourt (HMHC) launched Family Room, an online platform aimed at supporting parents and caregivers in at-home learning. As remote education rises, over half of K-12 caregivers are actively teaching, prompting HMH to create a space that offers resources in both English and Spanish. Family Room is accessible via the Ed platform and provides on-demand articles, videos, and tips tailored to children's lessons. This initiative aims to foster stronger relationships between families and educators during a challenging school year.

Houghton Mifflin Harcourt (HMH) announced the 14th Annual 180 Educator and Student Awards on September 15, 2020. This program recognizes 15 students and 5 educators who excel despite challenges, using HMH's intervention solutions like READ 180, System 44, and MATH 180. Each student will receive a $500 Amazon Gift Card, and educators will get a classroom library and a $50 Amazon Gift Card. The awards aim to celebrate those who demonstrate resilience and commitment to education.

Houghton Mifflin Harcourt (HMHC) has announced that its CEO Jack Lynch, CFO Joe Abbott, and SVP of Investor Relations Brian Shipman will participate in the Goldman Sachs 29th Annual Communacopia Conference. The discussion is scheduled for 4:35 p.m. ET on September 15, 2020. Investors can access the live webcast on the Company's website, with a replay available for 30 days post-event. HMH is a leading provider of K–12 educational solutions, reaching over 50 million students worldwide.

Houghton Mifflin Harcourt (HMHC) announced participation in Citi's Global Technology Virtual Conference on September 8, 2020. Joe Abbott, Executive Vice President and CFO, and Brian Shipman, Senior VP of Investor Relations, will engage in a fireside chat scheduled for 5:10 p.m. ET. A link to the live webcast will be available on the company's website, with a replay option for 30 days post-event. HMH is dedicated to improving student outcomes and serves over 50 million students and 3 million educators worldwide.

Houghton Mifflin Harcourt (HMH) launched an innovative A Chance in the World Integrated SEL Curriculum for grades 8-12, inspired by Steve Pemberton's memoir. This flexible curriculum aims to foster social-emotional learning (SEL) through discussion questions, writing prompts, and activities. It emphasizes empathy and resilience, allowing students to navigate difficult topics safely. Teachers report increased engagement and connection among students, making this program a valuable educational tool. HMH, a leader in K-12 education, aims to enhance learning experiences and outcomes.

Houghton Mifflin Harcourt (HMH) is donating over 50,000 books by Black authors to youth-serving organizations in the U.S. as part of its Books for Equity initiative. This donation aims to amplify Black voices and provide children and families in need with access to literature that reflects their experiences. Prominent authors like Toni Morrison and Kwame Alexander are featured in this collection. Through partnerships with nonprofits, HMH's commitment to social justice and educational equity is further demonstrated, supporting hundreds of thousands of families and students each year.

On August 14, 2020, Houghton Mifflin Harcourt (HMH) announced that key executives will participate in the BMO Virtual Technology Summit. The fireside chat featuring Jack Lynch, Joe Abbott, and Brian Shipman is scheduled for 1:00 p.m. ET on August 25, 2020. The event will be available for live streaming on the company's investor relations website, with a replay accessible for 30 days post-event. HMH, a leader in the education space, serves over 50 million students and 3 million educators globally.