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Houghton Mifflin Harcourt

OverviewSuggest Edit

Houghton Mifflin Harcourt (HMH) is a learning company that provides curriculum, supplemental, intervention solutions, and professional learning services. It operates in two segments: Education and HMH Books & Media. The Education segment offers educational products, technology platforms, and services, including print and digital content in the form of textbooks, digital courseware, instructional aids, educational assessment, and intervention solutions for students. The HMH Books & Media segment develops, markets, and sells consumer books in print and digital formats, and reference materials, such as fiction and non-fiction books, dictionaries, and other reference works to schools, colleges, libraries, and other businesses. This segment also distributes products through retail stores and wholesalers.

TypePublic
Founded1832
HQBoston, MA, USMap
Websitehmhco.com
Employee Ratings3.4More
Overall CultureC-More
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Latest Updates

Employees (est.) (Dec 2020)2,600(-23%)
Revenue (FY, 2020)$1 B(-25%)
Share Price (Jul 2021)$11.5(+2%)
Cybersecurity ratingCMore

Key People/Management at Houghton Mifflin Harcourt

John Lynch

John Lynch

Chief Executive Officer
Joe Abbott

Joe Abbott

Chief Financial Officer
Mike Evans

Mike Evans

Chief Revenue Officer
Amy Metet

Amy Metet

Chief Information Officer
Peter George

Peter George

Chief Technology Officer
Francie Alexander

Francie Alexander

Chief Academic Officer
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Houghton Mifflin Harcourt Office Locations

Houghton Mifflin Harcourt has offices in Boston, Evanston, Geneva, Indianapolis and in 12 other locations
Boston, MA, US (HQ)
125 High St
Boston, MA, US
222 Berkeley St
Evanston, IL, US
909 Davis St #300
Geneva, IL, US
1900 S Batavia Ave
Indianapolis, IN, US
2700 N Richardt Ave
New York, NY, US
3 Park Ave
Show all (17)

Houghton Mifflin Harcourt Financials and Metrics

Houghton Mifflin Harcourt Revenue

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Houghton Mifflin Harcourt's revenue was reported to be $1.03 b in FY, 2020 which is a 25.8% decrease from the previous period.
USD

Revenue (Q1, 2021)

146.2m

Gross profit (Q1, 2021)

59.8m

Gross profit margin (Q1, 2021), %

40.9%

Net income (Q1, 2021)

(52.0m)

EBIT (Q1, 2021)

(37.3m)

Market capitalization (22-Jul-2021)

1.5b

Closing stock price (22-Jul-2021)

11.5

Cash (31-Mar-2021)

170.9m

EV

2.1b
Houghton Mifflin Harcourt's current market capitalization is $1.5 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

1.4b1.3b1.4b1.0b

Revenue growth, %

(6%)5%(26%)

Cost of goods sold

790.1m725.4m844.2m644.1m

Gross profit

617.4m597.0m546.5m387.2m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

219.8m375.6m516.3m194.6m388.9m565.7m189.9m251.2m386.6m146.2m

Cost of goods sold

143.7m201.8m238.1m136.7m232.8m292.2m126.5m160.8m219.2m86.4m

Gross profit

76.1m173.8m278.2m57.9m156.1m273.5m63.5m90.4m167.4m59.8m

Gross profit Margin, %

35%46%54%30%40%48%33%36%43%41%
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Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

149.0m253.4m296.4m281.2m

Accounts Receivable

201.1m203.6m184.4m152.8m

Prepaid Expenses

29.9m15.3m19.3m19.9m

Inventories

154.6m184.2m213.1m167.0m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

98.7m30.7m104.3m74.2m15.1m308.7m254.7m138.8m271.5m170.9m

Accounts Receivable

164.4m293.7m353.1m183.1m432.1m434.9m140.0m273.2m282.2m92.5m

Prepaid Expenses

27.4m30.9m25.3m21.0m22.4m18.7m22.0m23.5m23.2m25.1m

Inventories

206.4m212.4m170.0m261.9m267.8m211.7m265.4m237.2m175.8m175.8m
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Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(103.2m)(94.2m)(213.8m)(479.8m)

Depreciation and Amortization

278.5m250.5m272.7m236.5m

Inventories

7.8m(33.5m)(28.8m)46.1m

Accounts Payable

(7.1m)16.1m(12.1m)(34.9m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

(101.3m)(124.6m)(38.2m)(117.4m)(158.0m)(88.7m)(346.0m)(384.1m)(396.7m)(52.0m)

Depreciation and Amortization

63.3m127.2m183.2m68.4m135.6m201.6m55.2m111.1m171.0m47.8m

Inventories

(51.8m)(57.8m)(19.3m)(77.7m)(83.6m)(27.5m)(52.3m)(24.2m)37.2m(30.2m)

Accounts Payable

2.7m(1.5m)15.5m787.0k22.5m37.5m(20.7m)(11.0m)6.2m3.3m
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USDFY, 2017

Revenue/Employee

370.4k

Debt/Equity

1 x

Debt/Assets

0.3 x

Financial Leverage

3.2 x
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Houghton Mifflin Harcourt Operating Metrics

FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021

Countries

150150150150150150150150150150150150150150

Students

50 m50 m50 m50 m50 m50 m50 m50 m50 m50 m50 m50 m50 m50 m
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Houghton Mifflin Harcourt Acquisitions / Subsidiaries

Company NameDateDeal Size
Waggle PracticeJanuary 15, 2019
ScholasticApril 24, 2015$575 m
SchoolChaptersJuly 01, 2014
Greenwood Publishing Group, LLC.
HMH Intermediate Holdings (Delaware), LLC
HMH IP Company Unlimited Company
HMH Publishers LLC
Houghton Mifflin Company International, Inc.
Houghton Mifflin Harcourt IP LLC
Houghton Mifflin Harcourt Publishers, Inc.
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Houghton Mifflin Harcourt Revenue Breakdown

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Houghton Mifflin Harcourt revenue breakdown by business segment: 81.4% from Education and 18.6% from HMH Books & Media

Houghton Mifflin Harcourt revenue breakdown by geographic segment: 96.7% from USA and 3.3% from Other

Houghton Mifflin Harcourt Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

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Houghton Mifflin Harcourt Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Houghton Mifflin Harcourt Online and Social Media Presence

Houghton Mifflin Harcourt's Trends

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Houghton Mifflin Harcourt Company Culture

  • Overall Culture

    C-

    65/100

  • CEO Rating

    C

    69/100

  • Compensation

    C

    68/100

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Houghton Mifflin Harcourt News and Updates

May 11, 2021

Digital Education Publishing Market In US- Cengage Learning Inc., Georg von Holtzbrinck GmbH and Co. KG, Houghton Mifflin Harcourt Co., among others to contribute to the market growth

NEW YORK, May 10, 2021 /PRNewswire/ -- The digital education publishing market in the US is poised to grow by USD 2.83 billion during 2021-2025, progressing at a CAGR of over 16% during the forecast period. View our Exclusive report on Market scenarios, Estimates, the impact of lockdown,...
May 10, 2021

Houghton Mifflin Harcourt Completes Divestiture of HMH Books & Media for $349 Million

BOSTON, May 10, 2021 /PRNewswire/ -- Learning technology leader Houghton Mifflin Harcourt ("HMH" or the "Company") (Nasdaq: HMHC) today completed its previously announced divestiture of its consumer publishing business, HMH Books & Media, to HarperCollins Publishers, a division of News...
March 29, 2021

Houghton Mifflin Harcourt selling consumer publishing unit to News Corp. for $349 million

Houghton Mifflin Harcourt said it's agreed to sell its HMH Books & Media consumer publishing division to News Corp. for $349 million in cash. Houghton Mifflin said the deal to sell the publisher of the J.R.R. Tolkien titles will let it focus on the K-12 education market and pay down a signifi…
February 25, 2021

Houghton Mifflin Harcourt Announces Fourth Quarter and Full Year 2020 Results, Achieved 2020 Billings at the Top End of its Revised Guidance Range and Positive Free Cash Flow

BOSTON, Feb. 25, 2021 /PRNewswire/ -- Learning technology company Houghton Mifflin Harcourt ("HMH" or the "Company") (Nasdaq: HMHC) today announced financial results for the fourth quarter and full year ended December 31, 2020 and introduced new operational metrics HMH will use to track...
February 04, 2021

Houghton Mifflin Harcourt Schedules Conference Call to Discuss Fourth Quarter and Full Year 2020 Results

BOSTON, Feb. 4, 2021 /PRNewswire/ -- Houghton Mifflin Harcourt (HMH) (NASDAQ: HMHC) today announced that it will release its fourth quarter and full year 2020 financial and operating results on Thursday, February 25, 2021, before the market opens. At 9:30 a.m. ET on Thursday, February 25,...
January 29, 2021

Houghton Mifflin Harcourt Earns 95 in Human Rights Campaigns 2021 Corporate Equality Index

Boston, Mass.–Jan. 29, 2021 - Learning technology company Houghton Mifflin Harcourt (HMH) today announced that it has received a score of 95 out of 100 on the Human Rights Campaign Foundation’s 2021 Corporate Equality Index, the nation’s foremost benchmarking survey and report measuring corporate po…
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 Houghton Mifflin Harcourt Frequently Asked Questions

  • When was Houghton Mifflin Harcourt founded?

    Houghton Mifflin Harcourt was founded in 1832.

  • Who are Houghton Mifflin Harcourt key executives?

    Houghton Mifflin Harcourt's key executives are John Lynch, Joe Abbott and Mike Evans.

  • How many employees does Houghton Mifflin Harcourt have?

    Houghton Mifflin Harcourt has 2,600 employees.

  • What is Houghton Mifflin Harcourt revenue?

    Latest Houghton Mifflin Harcourt annual revenue is $1 b.

  • What is Houghton Mifflin Harcourt revenue per employee?

    Latest Houghton Mifflin Harcourt revenue per employee is $396.7 k.

  • Who are Houghton Mifflin Harcourt competitors?

    Competitors of Houghton Mifflin Harcourt include Curriculum Associates, Scholastic and Cengage Learning.

  • Where is Houghton Mifflin Harcourt headquarters?

    Houghton Mifflin Harcourt headquarters is located at 125 High St, Boston.

  • Where are Houghton Mifflin Harcourt offices?

    Houghton Mifflin Harcourt has offices in Boston, Evanston, Geneva, Indianapolis and in 12 other locations.

  • How many offices does Houghton Mifflin Harcourt have?

    Houghton Mifflin Harcourt has 17 offices.