McGraw Hill Revenue Dips as K-12 Demand Softens

A 10% contraction in K-12 school market revenue dragged McGraw Hill’s quarterly performance downward, overshadowing modest gains in higher education. The publisher reported total revenue of $463.7 million for the period ending March 31, a 2% decline that arrived alongside a net loss of $50.3 million.

Jun 11, 15:03· Money Talk

McGraw Hill Revenue Dips as K-12 Demand Softens

The company’s bottom line showed improvement compared to the $156.9 million loss recorded during the same quarter last year. Despite this narrower deficit, the results missed Wall Street expectations, as analysts polled by FactSet had anticipated a loss of 14 cents per share rather than the 26 cents reported.

While the K-12 segment struggled against a smaller market opportunity, the higher-education division provided a slight buffer with a 1.6% revenue increase. Looking ahead, McGraw Hill set its revenue guidance for the new fiscal year between $2.12 billion and $2.18 billion, landing near the $2.16 billion consensus estimate from analysts.

McGraw Hill Revenue Dips as K-12 Demand Softens

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