School Specialty, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company's reported revenue was $290,280,000 compared to $288,641,000 for the same period a year ago. Operating income was $37,230,000 compared to $42,296,000 for the same period a year ago. Income before provision for income taxes was $33,073,000 compared to $38,759,000 for the same period a year ago. Net income was $18,556,000 compared to $34,145,000 for the same period a year ago. Diluted net income per Share was $2.63 compared to $4.86 for the same period a year ago. Adjusted EBITDA was $43,983,000 compared to $48,687,000 for the same period a year ago.

For the nine months, the company's reported revenue was $558,839,000 compared to $545,928,000 for the same period a year ago. Operating income was $20,667,000 compared to $37,910,000 for the same period a year ago. Income before provision for income taxes was $9,316,000 compared to $21,829,000 for the same period a year ago. Net loss was $104,000 compared to net income of $17,508,000 for the same period a year ago. Diluted net loss per Share was $0.01 compared to diluted net income per share of $2.50 per basic share for the same period a year ago. Adjusted EBITDA was $43,505,000 compared to $56,255,000 for the same period a year ago.

The company expects fiscal 2018 cash taxes to be in the range of $1.5 million to $2.0 million. Beginning in fiscal 2019, the company expects its effective income tax rate to be more consistent with the statutory rate. The company expects to generate a federal net operating loss in 2018.