Houghton Mifflin Harcourt Co

NASDAQ:HMHC   3:59:41 PM EDT
2.79
-0.28 (-9.28%)
Debt Financing / Related, Layoffs, Earnings Announcements

Houghton Mifflin Harcourt Co Says Board Of Directors Of Company Committed To A Restructuring Program

Published: 10/01/2020 12:57 GMT
Houghton Mifflin Harcourt Co (HMHC) - Houghton Mifflin Harcourt Co - Board of Directors of Company Committed to a Restructuring Program.
Houghton Mifflin Harcourt Co - Reduction in Workforce Will Result in Departure From Company of Approximately 525 Employees.
Houghton Mifflin Harcourt Co - Reduction in Force Will Result in a 22% Reduction in Company's Workforce.
Houghton Mifflin Harcourt Co - Total One-time, Non-recurring Cost Incurred Related to Restructuring Estimated to Be Approximately $21 Million.
Houghton Mifflin Harcourt Co - Anticipates Reducing Total Expenditures by Approximately $95 to $100 Million per Year.
Revenue is expected to be $516.75 Million
Adjusted EPS is expected to be $0.53

Next Quarter Revenue Guidance is expected to be $230.46 Million
Next Quarter EPS Guidance is expected to be -$0.56

More details on our Analysts Page.