Murray Looks for Improvement after a Difficult Fiscal 2023 For HC

For a CEO who saw sales drop 10% and profits fall 45% in the fiscal year ended June 30, 2023, HarperCollins’ Brian Murray sound remarkably calm in an interview with PW looking back over the past 12 months.

“It was a challenging year,” Murray acknowledged. “The numbers don’t paint a rosy picture.” But he said he is heartened by the fact he thinks the worst is over. “I’m feeling better about things,” he said. For the fiscal year ended in June, revenue dropped to $2.0 billion from $2.19 in fiscal 2022 and EBITDA (earnings before interest, taxes, depreciation, and amortization) fell to $167 million from $306 million a year ago.
much more at: https://www.publishersweekly.com/pw/by-topic/industry-news/financial-reporting/article/92952-murray-looks-for-improvement-after-a-difficult-fiscal-2023-for-hc.html

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