School Specialty, Inc. Reports Earnings Results for the Fourth Quarter Ended December 28, 2019
April 07, 2020 at 12:15 am EDT
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School Specialty, Inc. announced earnings results for the fourth quarter ended December 28, 2019. For the fourth quarter, the company announced sales was USD 91.020 million compared to USD 114.613 million a year ago. Operating loss was USD 25.436 million compared to USD 39.045 million a year ago. Net loss was USD 36.581 million compared to USD 38.637 million a year ago. Basic loss per share from continuing operations was USD 5.21 compared to USD 5.52 a year ago. For the full year, sales was USD 626.073 million compared to USD 673.452 million a year ago. Operating loss was USD 21.956 million compared to USD 18.378 million a year ago. Net loss was USD 49.548 million compared to USD 38.741 million a year ago. Basic loss per share from continuing operations was USD 7.06 compared to USD 5.53 a year ago.
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, LLC 
