The McGraw-Hill Companies (MHP) reported first-quarter income from continuing operations of $174 million or $0.54 per share, compared to $163 million or $0.56 per share last year. Net income attributable to The McGraw-Hill Companies was $735 million or $2.59 per share, compared to $123 million or $0.43 per share last year. Revenue increased to $1.18 billion from $1.04 billion last year. The company noted that the McGraw-Hill Education business was classified as a discontinued operation and its results are excluded from continuing operations. Net income from discontinued operations in the first quarter was $582 million. Net income includes a net gain on the sale of $612 million.
Performance profit per share was $2.85 compared to $0.51 last year. Performance profit per share from continuing operations was $0.80 compared to $0.62 last year.
On average, six analysts polled by Thomson Reuters expected the company to report profit of $0.73 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $1.17 billion for the quarter.
The company said its outlook for 2013 adjusted profit per share remains unchanged at $3.10 to $3.20. Analysts expect the company to report fiscal 2013 profit per share of $3.19.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.