S&P Global Reports Second Quarter Results

For the thirteen weeks ended October 28, 2017, the Company reported net income of $16.7 million, or $0.13 per diluted share, compared to net income of $23.6 million, or $0.18 per diluted share, for the thirteen weeks ended October 29, 2016. Results for the third quarter include the unfavorable impact of hurricanes Harvey, Irma and Maria (collectively, the "Hurricanes") of approximately $5.0 million after-tax, or $0.04 per diluted share. Results for the third quarter of 2016 include the unfavorable impact of restructuring and strategic charges and Boston Proper of $2.8 million after-tax, or $0.02 per diluted share. For the thirty-nine weeks ended October 28, 2017, the Company reported net income of $73.0 million, or $0.57 per diluted share, compared to net income of $77.7 million, or $0.58 per diluted share, for the thirty-nine weeks ended October 29, 2016. Results for the thirty-nine weeks ended October 28, 2017 include the unfavorable impact of the Hurricanes of approximately $5.0 million after-tax, or $0.04 per diluted share. Results for the thirty-nine weeks ended October 29, 2016 include the unfavorable impact of restructuring and strategic charges and Boston Proper of $15.4 million after-tax, or $0.12 per diluted share. Click Read More below for additional information.

At HH Global it is important to us that we ensure our organisation grows both responsibly and sustainably, therefore our Innovation with Purpose strategy continues to evolve. A key objective of this is to enhance and develop our holistic approach to Environmental, Social and Governance (ESG) activities. The ambitions of many organisations are yet to be distilled into targets in this area. HH Global is demonstrating genuine leadership by showing our clients, colleagues and suppliers the commitments we are making, relevant not only to our own operations but to the whole of our supply chain.

The Association of American Publishers (AAP) welcomes the release of the 2021 Special 301 Report by the Office of the U.S. Trade Representative (USTR). The report, which highlights key markets in which publishers have significant copyright concerns and face market-access barriers, is a critically important tool for policymakers to use in identifying issues that impede the ability of U.S. copyright owners to compete in foreign markets. China is once again listed as a Priority Watch List country, as online piracy and the sale of counterfeit products on ecommerce sites continue to be significant problems. Canada also remains on the Watch List, with the Report noting that the U.S. government “remains deeply troubled by the ambiguous education-related exception added to the copyright law in 2012, which reportedly has significantly damaged the market for educational publishers and authors.”