Cengage Learning Holdings II Inc (PK:CNGO)
Business Focus: Education & Training Information Providers
| Sector: Industrials | Industry: Professional Information Services |
| Company Contact | |
| Address: | 4th Floor, 200 1st Stamford Place STAMFORD CT 06902 |
| Tel: | N/A |
| Website: | N/A |
| IR: | N/A |
| Key People | ||
| Eric R. Sondag Chairman of the Board, Director | Morgan Wolbe Executive Vice President, Co-General Manager of Cengage Academic | Michael E. Hansen Chief Executive Officer, Director |
| Bob Munro Chief Financial Officer, Executive Vice President | Kermit Cook Chief Operating Officer, Executive Vice President | Jeri Herman Chief Human Resource Officer, Executive Vice President |
| Jim Chilton Executive Vice President, Chief Information Officer, General Manager for Infosec | Laura Stevens Executive Vice President, General Counsel | Alexander Broich Executive Vice President, President, Cengage Select and General Manager or English Language Teaching and Cengage Work | Nhaim Khoury Executive Vice President, Co-General Manager of Cengage Academic |
| Business Overview |
| Cengage Learning Holdings II, Inc. is a global education technology company. The Company is organized into three core business units: Cengage Academic business, Cengage Work business, and Cengage Select. In the Cengage Academic business unit, the Company integrates U.S. Higher Education, International Higher Education and Secondary Education in order to leverage synergies across these businesses that share content, technology platforms and support services. The Cengage Work business unit services the workforce skills market and includes the Company's ed2go and Infosec businesses that leverage all the Company's relationships, content, and data to drive growth. The Company's third core business unit, Cengage Select, consists of four businesses, English language teaching (ELT), Research and Other (Australia K-12 and Milady), each serving select markets and customers. The Company serves the higher education, secondary education, workforce skills, ELT, and research markets around the world. |
| Financial Overview |
| For the nine months ended 31 December 2023, Cengage Learning Holdings II Inc revenues increased 5% to $1.12B. Net loss increased 96% to $55.5M. Revenues reflect Digital segment increase of 10% to $806.5M, United states segment increase of 5% to $899.5M, Latin America segment increase of 42% to $40.8M. Higher net loss reflects depreciation stated below - Balancing increase of 20% to $384.5M (expense). |
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