Houghton Mifflin Harcourt (HMHC) Reports In-Line Q2 EPS
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Houghton Mifflin Harcourt Announces Second Quarter 2020 Results
August 6, 2020 7:00 AM EDTBOSTON, Aug. 6, 2020 /PRNewswire/ -- Learning company Houghton Mifflin Harcourt ("HMH" or the "Company") (Nasdaq: HMHC) today announced financial results for the quarter ended June 30, 2020. Nationwide COVID-19-related school closings continued to impact second quarter net sales and billings performance as customers remained focused on transitioning to a remote learning environment. HMH continued to support customers with virtual learning resources which helped mitigate the impact of the COVID-19 pandemic on its profitability and cash flow. The decisive cost and liquidity actions taken by HMH resulted in dramatically reduced use... More
