Resources Global Professionals

TRINITY HUNT PARTNERS ANNOUNCES FORMATION OF SPRINGLINE ADVISORY AND WELCOMES CEO TIM BRACKNEY

Retrieved on: 
Thursday, January 18, 2024

Springline was initially formed through a partnership with MarksNelson , an "IPA 200" accounting and advisory firm headquartered in Kansas City.

Key Points: 
  • Springline was initially formed through a partnership with MarksNelson , an "IPA 200" accounting and advisory firm headquartered in Kansas City.
  • Leading Springline is CEO Tim Brackney, who joins from Resources Global Professionals (NDAQ: RGP) where he was most recently President and Chief Operating Officer.
  • "I am excited to join Springline Advisory and steward its development into a premier national business advisory platform.
  • Backing Springline is Trinity Hunt Partners , a growth-oriented middle-market private equity firm with deep expertise in business and professional services companies.

McGraw Hill Reports Second Quarter and Year-to-Date Fiscal 2024 Financial Results

Retrieved on: 
Tuesday, November 14, 2023

COLUMBUS, Ohio, Nov. 14, 2023 /PRNewswire/ -- McGraw Hill, a leading global education company, today reported financial results with $1.4 billion in year-to-date billings and $667 million in Adjusted EBITDA. Billings increased across all segments excluding K-12 where an expected smaller market opportunity drove an 8% billings decline for the total company compared to last year. The seasonally significant fiscal Q2 billings were among the strongest for McGraw Hill in its history. 

Key Points: 
  • COLUMBUS, Ohio, Nov. 14, 2023 /PRNewswire/ -- McGraw Hill, a leading global education company, today reported financial results with $1.4 billion in year-to-date billings and $667 million in Adjusted EBITDA.
  • The seasonally significant fiscal Q2 billings were among the strongest for McGraw Hill in its history.
  • McGraw Hill continued its strong digital momentum with digital billings for the last 12 months now 61% of total billings and nearly 90% in Higher Education.
  • McGraw Hill is a leading global education company that partners with millions of educators, learners and professionals around the world.

New Digital Innovations from McGraw Hill Aim to Meet Shifting Learning Habits of Medical Students and Clinicians

Retrieved on: 
Thursday, September 7, 2023

COLUMBUS, Ohio, Sept. 7, 2023 /PRNewswire/ -- Expanding its leadership in the medical education category, McGraw Hill today announced two new digital platforms to help medical professionals and students easily access trusted content that evolves and updates as medicine changes, as well as study tools that personalize the learning experience to help them succeed.

Key Points: 
  • "Medical students and clinicians for decades have trusted McGraw Hill as a provider of authoritative content and up-to-date reference materials that help them treat patients and prepare for exams," said Scott Grillo, President of McGraw Hill's Global Professional group.
  • "Learners have rapidly shifted their study habits in recent years, so we're meeting them where they are with these exciting new digital study solutions designed to offer easy, more personalized access to our wealth of trusted medical content."
  • The new Access app puts a comprehensive library of trusted, world-renowned content into students' hands, providing a personalized learning experience.
  • Recognizing their diverse needs, we build trusted content, flexible tools and powerful digital platforms to help them achieve success on their own terms.

McGraw Hill Reports First Quarter Fiscal 2024 Financial Results

Retrieved on: 
Thursday, August 10, 2023

COLUMBUS, Ohio, Aug. 10, 2023 /PRNewswire/ -- McGraw Hill, a leading global education company, today reported financial results for the first quarter of fiscal year 2024 with $473 million in total billings, down 13% year-over-year with a larger adoption market opportunity positively impacting prior year results. Despite that impact, the company showed strong multi-year performance with billings approximately $90 million higher compared to the same quarter in fiscal year 2022 and $166 million higher than Q1 of fiscal year 2021.

Key Points: 
  • McGraw Hill entered the new fiscal year focused on digital growth, innovation and product enhancements
    COLUMBUS, Ohio, Aug. 10, 2023 /PRNewswire/ -- McGraw Hill, a leading global education company, today reported financial results for the first quarter of fiscal year 2024 with $473 million in total billings, down 13% year-over-year with a larger adoption market opportunity positively impacting prior year results.
  • Despite that impact, the company showed strong multi-year performance with billings approximately $90 million higher compared to the same quarter in fiscal year 2022 and $166 million higher than Q1 of fiscal year 2021.
  • "We're proud of these results in a seasonally small quarter and amidst a smaller K-12 adoption market," said Simon Allen, McGraw Hill CEO.
  • McGraw Hill is a leading global education company that partners with millions of educators, learners and professionals around the world.

McGraw Hill Reports Fiscal Fourth Quarter and Full Year Fiscal 2023 Financial Results

Retrieved on: 
Thursday, May 25, 2023

COLUMBUS, Ohio, May 25, 2023 /PRNewswire/ -- McGraw Hill, a leading global education company, today reported fiscal 2023 financial results for the fiscal year ending March 31. For the fiscal year, total billings grew 18% to $2.1 billion, digital billings increased 20% to $1.2 billion and adjusted EBITDA grew 23% to $776 million with adjusted EBITDA margin expanding for the fourth consecutive year.

Key Points: 
  • COLUMBUS, Ohio, May 25, 2023 /PRNewswire/ -- McGraw Hill, a leading global education company, today reported fiscal 2023 financial results for the fiscal year ending March 31.
  • "Fiscal year 2023 was an exciting year for McGraw Hill, highlighted by significant growth, ongoing re-investment in content development and digital capabilities, and a focus on strengthening digital recurring revenue," said Simon Allen, McGraw Hill CEO.
  • Higher Education billings were strong in the fourth quarter, driven, in part, by the expected shift from fiscal Q3 to Q4.
  • McGraw Hill is a leading global education company that partners with millions of educators, learners and professionals around the world.

McGraw Hill Reports Fiscal Third Quarter and Year-to-Date Fiscal 2023 Financial Results

Retrieved on: 
Tuesday, February 14, 2023

COLUMBUS, Ohio, Feb. 14, 2023 /PRNewswire/ -- McGraw Hill, a leading global education company, reported year-to-date (YTD) financial results ending December 2022 that demonstrate sustained momentum in digital billings growth, market share gains, and adjusted EBITDA margin expansion. The company reported total YTD billings growth of 19% to $1.8 billion and 23% growth in adjusted EBITDA to $756 million.

Key Points: 
  • The company reported total YTD billings growth of 19% to $1.8 billion and 23% growth in adjusted EBITDA to $756 million.
  • "Our year-to-date results reflect the strength of our execution and consistency of our delivery," said Simon Allen, CEO of McGraw Hill.
  • The acquisition adds to McGraw Hill's offerings in the growing digital medical education market.
  • McGraw Hill is a leading global education company that partners with millions of educators, learners and professionals around the world.

McGraw Hill Acquires Boards & Beyond, On-Demand Video Platform for Medical Students

Retrieved on: 
Tuesday, December 6, 2022

COLUMBUS, Ohio, Dec. 6, 2022 /PRNewswire/ -- McGraw Hill today announced that it has acquired Ryan Medical Education LLC, d/b/a Boards & Beyond, a provider of on-demand video libraries and comprehensive online resources that help medical students efficiently learn fundamentals of medical basic sciences and clinical medicine.

Key Points: 
  • COLUMBUS, Ohio, Dec. 6, 2022 /PRNewswire/ -- McGraw Hill today announced that it has acquired Ryan Medical Education LLC, d/b/a Boards & Beyond, a provider of on-demand video libraries and comprehensive online resources that help medical students efficiently learn fundamentals of medical basic sciences and clinical medicine.
  • Medical students and professionals already rely on McGraw Hill for learning content throughout their education journeys and careers.
  • McGraw Hill resources like Harrison's Principles of Internal Medicine and its AccessMedicine digital subscription services are used by millions of clinicians worldwide.
  • "Boards & Beyond's cutting edge online learning resources are an ideal complement to McGraw Hill's expansive suite of medical learning tools," said Scott Grillo, President of McGraw Hill's Global Professional group.

McGraw Hill Billings Rise 42% in Q1 of Fiscal 2023, Driven by K-12 Performance

Retrieved on: 
Thursday, August 18, 2022

COLUMBUS, Ohio, Aug. 18, 2022 /PRNewswire/ -- McGraw Hill today reported significant growth in its Q1 fiscal 2023 results driven by strong performance in its K-12 business unit. Total Q1 billings were up 42% compared to the same quarter last year, rising to $543 million. Digital billings grew by $63 million in the quarter, demonstrating the company's ongoing digital transformation with total annualized digital billings now exceeding $1.2 billion. Adjusted EBITDA increased 59% year-over-year, rising to $203 million for the quarter.

Key Points: 
  • COLUMBUS, Ohio, Aug. 18, 2022 /PRNewswire/ -- McGraw Hill today reported significant growth in its Q1 fiscal 2023 results driven by strong performance in its K-12 business unit.
  • Total Q1 billings were up 42% compared to the same quarter last year, rising to $543 million.
  • Digital billings grew by $63 million in the quarter, demonstrating the company's ongoing digital transformation with total annualized digital billings now exceeding $1.2 billion.
  • McGraw Hill is a leading global education company that partners with millions of educators, learners and professionals around the world.

McGraw Hill Billings Up 14% in First Three Quarters of FY2022

Retrieved on: 
Tuesday, February 22, 2022

NEW YORK, Feb. 22, 2022 /PRNewswire/ -- McGraw Hill, the leading education partner to millions of educators and learners around the world, reported strong growth for its first three quarters of fiscal 2022 (April 1 – December 31) with Billings up 14% and digital Billings for the first time in excess of $1 billion over the last 12 months.

Key Points: 
  • McGraw Hill's digital Billings continued to grow as the company enhances and expands its digital offerings to improve learning outcomes.
  • The transaction increases the company's presence in the fast growing supplemental and intervention market while increasing total digital Billings.
  • In Higher Education, where McGraw Hill is leading the digital transition, 83% of Billings came from digital products.
  • The company's International and Global Professional segments also performed well in the first three quarters of FY2022 with International digital Billings approaching 50% and Global Professional's digital subscription offering, Access, experiencing strong growth worldwide.

Volt Information Sciences Appoints Craig Lewis as Chief Revenue Officer

Retrieved on: 
Thursday, January 27, 2022

Volt Information Sciences, Inc. (Volt or the Company) (NYSE-AMERICAN: VOLT), a global provider of staffing services, today announced that Craig Lewis has been appointed Chief Revenue Officer of the Company, effective January 24, 2022.

Key Points: 
  • Volt Information Sciences, Inc. (Volt or the Company) (NYSE-AMERICAN: VOLT), a global provider of staffing services, today announced that Craig Lewis has been appointed Chief Revenue Officer of the Company, effective January 24, 2022.
  • Craig is a dynamic and talented business leader whose proven track record demonstrates not only his success in growing revenue, but his strong leadership ability, said Linda Perneau, President and Chief Executive Officer.
  • Mr. Lewis commented, Im excited to focus my skills to accelerate revenue growth at Volt.
  • Volt Information Sciences, Inc. is a global provider of staffing services (traditional time and materials-based as well as project-based).