Wednesday, February 13, 2013

McGraw-Hill Reports 2012, Q4 Results

McGraw-Hill Education Reclassified to Discontinued Operations in Anticipation of the Sale Closing in the 1st Quarter
McGraw Hill Financial Revenue Increased 22% in the 4th Quarter and 13% for the Full Year
Diluted EPS from Continuing Operations Increased 80% to $0.67 in the 4th Quarter and 19% to $2.37 for the Full Year 
Adjusted Diluted EPS from Continuing Operations Increased 56% to $0.72 in the 4th Quarter and 32% to $2.75 for the Full Year, Creating a Baseline for Future Comparisons 
The Company reported fourth quarter 2012 revenue of $1,226 million, an increase of 22% compared to the same period last year.  Net income and diluted earnings per share from continuing operations were $190 million and $0.67, respectively.  For the full year, revenue increased 13% to $4,450 million and net income and diluted earnings per share from continuing operations were $676 million and $2.37, respectively.