Cambium Learning Group Reports Third Quarter 2017 Financial Results
CAMBIUM LEARNING GROUP (ABCD)
Last cambium learning group earnings: 8/13 04:05 pm
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Source: GlobeNewswire
Year-to-Date Net Income Nearly DoublesAdjusted EBITDA, Cash Income Rise 17% and 12%, RespectivelyLearning A-Z and ExploreLearning Growth, Lower Interest Expense Drive Continued Profitability Expansion DALLAS, Nov. 14, 2017 (GLOBE NEWSWIRE) -- Cambium Learning® Group, Inc. (NASDAQ:ABCD) (the “Company”), a leading educational solutions and services company committed to helping all students reach their full potential, announced today financial results for its third quarter ended September 30, 2017. “Our 100% digital segments, Learning A-Z and ExploreLearning, delivered double-digit top line growth in our seasonally most important quarter,” said John Campbell, Chief Executive Officer. “This growth on these solutions’ higher margins led to higher net income, higher Adjusted EBITDA, higher Cash Income dollars and expanded profitability. The operational improvements we have made, combined with our reduced interest expense, drove net income up $7.3 million in the first nine months of 2017
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