School Specialty, Inc. Reports Earnings Results for the Second Quarter Ended June 29, 2019
August 12, 2019 at 10:06 pm
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School Specialty, Inc. announced earnings results for the second quarter ended June 29, 2019. For the second quarter, the company announced sales was USD 160.609 million compared to USD 169.272 million a year ago. Operating income was USD 1.813 million compared to USD 4.765 million a year ago. Net loss was USD 5.856 million compared to net income of USD 18,000 a year ago. Basic loss per share from continuing operations was USD 0.84 compared to Basic EPS - Continuing Operations of USD 0 a year ago. For the half year, sales was USD 256.541 million compared to USD 268.559 million a year ago. Operating loss was USD 18.992 million compared to USD 16.563 million a year ago. Net loss was USD 30.831 million compared to USD 18.660 million a year ago. Basic loss per share from continuing operations was USD 4.4 compared to USD 2.67 a year ago.
SSI Liquidating, Inc., formerly School Specialty, Inc. (SSI), is a distributor of supplies, furniture, technology products, supplemental learning products (instructional solutions) and curriculum solutions, primarily to the education marketplace. It designs, develops and provides educators with its own products and services. Its segments include Distribution and curriculum. Distribution segment offers products that include basic classroom supplies and office products, supplemental learning materials, physical education equipment and classroom technology. Curriculum segment is a PreK-12 curriculum-based publisher of products in the categories of science and reading and literacy. Through its SSI Guardian subsidiary, the Company provides curriculum, training and safety and security products for school, healthcare and corporate workplace. Its SOAR life products are a customized offering for hospitals, long-term care, therapeutic facilities, home care, surgery centers and clinics.
SCHOOL SPECIALTY, LLC 
