Tennessee State Board of Education Approves Savvas Learning Company’s K-12 Science Solutions For Statewide Adoption For Every Grade Level

Sales of print books continued to ride a hot streak into February with units jumping 25.7% in the first week of the month over the first week of February 2020 at outlets that report to NPD BookScan. The increase was the highest yet this year, and unit sales of print books were up 22.1% through February 6, 2021. Once again, all six major categories had double-digit sales increases over 2020, with sales in the young adult segments skyrocketing; fiction was up 55.7%, and the small nonfiction category rose 67.3%. The latter category benefited from the release of Brave by Sissy Goff, which landed in second place in its first week on sale and led to a 158% jump in sales in the social situations/family/health sub-category. The jump in fiction sales was spurred by the release of two new titles: Star Wars, The High Republic: Into the Dark by Claudia Gray topped the category bestseller list, selling more than 17,000 copies in its first week on sale, while Scott Cawthon’s The Twisted Ones sold over 9,000 copies.

The United States Postal Service reported new service delivery performance metrics for the first week of the fiscal second quarter showing service performance holding steady for First-Class Mail, Marketing Mail and Periodicals. Consistent with the rest of the shipping industry, the organization experienced some minor delays in both ground and air transportation during the week of January 1-7. The Postal Service continues to address impacts to last mile delivery due to availability challenges due to COVID-19 cases and inclement weather events including winter storms on the East Coast, Midwest and West Coast. Second quarter-to-date service performance scores covering the period Jan.1 through Jan. 7 included: *First-Class Mail: 90 percent of First-Class Mail delivered on time against the USPS service standard, an improvement of .37 percentage points from the first quarter. *Marketing Mail: 91.7 percent of Marketing Mail delivered on time against the USPS service standard, a slight decrease of .46 percentage points from the first quarter. Periodicals: 81.1 percent of Periodicals delivered on time against the USPS service standard, with an improvement of .37 percentage points from the first quarter.

Strong start to operating cash flow, at $216 million in the quarter; Continued revenue growth in managed document services and Global Imaging Systems operations; Adjusted operating margin of 10.4 percent, down 0.6 points year-over-year; operating margin, excluding equity income, up 0.5 points; Core operating profit, excluding equity income, grew 5 percent year-over-year. Click Read More below for additional information.