McGraw-Hill (NYSE: MHP) experienced continued strong performance for Q3, as net income grew by 18.2 percent to $450 million. The owner of Standard & Poor’s and BusinessWeek also saw revenues for the period rise 9.8 percent to $2.2 billion. However, those positive numbers were due mostly to its educational, financial services and non-content digital properties.
— Business-to-Business Group: The quarter’s revenue was up 3.2 percent to $228.5 million for the unit, which includes BusinessWeek, J.D. Power and Associates, energy trade Platts, McGraw-Hill Construction and Aviation Week. Still, BW, which last week unveiled its print and web redesign, didn’t fare so well in Q3. The magazine’s global print ad pages were down 24.6 percent in Q3 compared to last year, according to the Publishers Information Bureau.
— Information & Media unit: Revenue for this segment, which includes its Sweets online and print construction industry pub, rose 2.1 percent to $252.4 million, year-over-year, which Q3 operating profit grew by 35.8 percent to $18.6 million. Sweets contributed about $6.5 million in revs and $5.8 million in operating profit to the segment in Q3.
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