School Specialty, Inc. Reports Unaudited Consolidated Earnings Results for First Quarter Ended March 31, 2019; Provides Impairment Charges for First Quarter Ended March 31, 2019; Updates Revenue Guidance for the Fiscal 2019
May 08, 2019 at 10:15 pm
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School Specialty, Inc. reported unaudited consolidated earnings results for first quarter ended March 31, 2019. For the period, the company's revenues were $95,932,000 against $99,287,000 a year ago. Operating loss was $20,804,000 against $21,328,000 a year ago. Net loss was $24,975,000 against $18,678,000 a year ago. Basic and diluted net loss per share was $3.57 against $2.67 a year ago.
For the quarter, the company reported impairment charges of $283,000.
The Company provided fiscal 2019 outlook. For the fiscal 2019, total revenue is currently expected to be in approximately $695 to $705 million, a 3% to 5% increase year-over-year.
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, Inc. Reports Unaudited Consolidated Earnings Results for First Quarter Ended March 31, 2019; Provides Impairment Charges for First Quarter Ended March 31, 2019; Updates Revenue Guidance for the Fiscal 2019
SCHOOL SPECIALTY, LLC 
