McGraw Hill Inc.: Insider Purchase of $794,600 Signals a Vote of Confidence!

On February 11, McGraw Hill Inc. (MH) released its third-quarter report after-hours. According to the report, revenue increased by 4.2% compared to the previous year, reaching $434.2 million, with an EPS of $0.29. The successful business transition to a digital revenue model has paid off positively. Digital revenue now accounts for a substantial 84% of total revenue. Profitability improved significantly, as the gross margin climbed nearly 100 basis points to 85.3%, and adjusted EBITDA increased by 7.7% to $135.9 million. Analysts had anticipated...