Brief: School Specialty Says Q2 Revenue Fell 5.1% To $160.6 Mln

SSI Liquidating

12/08/2019 23:06

Aug 12 (Reuters) - School Specialty Inc  SCOO.PK :
    * SCHOOL SPECIALTY ANNOUNCES FISCAL YEAR 2019 SECOND QUARTER
FINANCIAL RESULTS
    * Q2 REVENUE FELL 5.1 PERCENT TO $160.6 MILLION
    * SEES FY 2019 REVENUE $640 MILLION TO $650 MILLION
    * CONFIRMING 2019 GROSS MARGIN GUIDANCE OF 50 BPS
IMPROVEMENT
    * GUIDING TO LOWER END OF 2019 ADJUSTED EBITDA GUIDANCE
RANGE OF
$42 MILLION TO $46 MILLION
    * SCHOOL SPECIALTY - CURRENT BOOKINGS GROSS MARGIN TRENDS
FOR LATE
Q2, EARLY Q3 INDICATE GROSS MARGIN IMPROVEMENT WITHIN
DISTRIBUTION SEGMENT FOR H2

Source text for Eikon:  ID:nGNXbTBTNL 
Further company coverage:  SCOO.PK 

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