Houghton Mifflin Harcourt (HMHC) Tops Q1 EPS by 10c

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Houghton Mifflin Harcourt Announces First Quarter 2021 Results; Delivers Billings Growth of 11% from Continuing Operations; ARR Growth of 80%; Strong Trailing Twelve-Month Free Cash Flow

May 6, 2021 7:00 AM EDT

BOSTON, May 6, 2021 /PRNewswire/ -- Learning technology company Houghton Mifflin Harcourt ("HMH" or the "Company") (Nasdaq: HMHC) today announced financial results for the first quarter ended March 31, 2021. All financial results and metrics are reported on a continuing operations basis. HMH delivered strong growth in billings of 11% during the first quarter. Coupled with solid growth in Annualized Recurring Revenue2, the company is off to a strong start to 2021.

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