School Specialty, Inc. Reports Unaudited Consolidated Earnings Results for First Quarter Ended April 1, 2017; Reaffirms Earnings Outlook for the Year 2017
May 09, 2017 at 03:10 pm EDT
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School Specialty, Inc. reported unaudited consolidated earnings results for first quarter ended April 1, 2017. For the period, the company's revenues were $97,110,000 against $93,725,000 a year ago. Operating loss was $13,117,000 against $12,012,000 a year ago. Loss before benefit from income tax was $17,167,000 against $16,317,000 a year ago. Net loss was $16,775,000 against $12,303,000 a year ago. Basic and diluted net loss per share was $16.78 against $12.3 a year ago. Adjusted LBITDA was $7,033,000 against $5,539,000 a year ago.
The company is tracking in line with its plan and its guidance for 2017 remains unchanged.
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 April 1, 2017; Reaffirms Earnings Outlook for the Year 2017
SCHOOL SPECIALTY, LLC 
