McGraw Hill Financial, Inc. (NYSE: MHFI) today reported fourth quarter and full-year 2014 results. The Company reported fourth quarter 2014 revenue of $1.29 billion, an increase of 7% compared to the same period last year. Largely reflecting the impact of recent legal settlements, fourth quarter net income and diluted earnings per share from continuing operations were losses of $(1,009) million and $(3.71), respectively. For the full year, revenue increased 7% to $5.05 billion and net income and diluted earnings per share from continuing operations were $(293) million and $(1.08), respectively. Every business delivered increased revenue in 2014. Excluding the impact of charges related to legal and regulatory settlements and restructuring, adjusted net income from continuing operations for the quarter increased 22% to $264 million, and adjusted diluted earnings per share from continuing operations increased 23% to $0.95. For the full year, adjusted net income from continuing operations increased 19% to $1,073 million and adjusted diluted earnings per share from continuing operations increased 20% to $3.88.
Always an area for speculation and consternation, the USPS is keeping us guessing on what will be included in their 10-year plan to Congress on long-time survivability. In the meantime, businesses should be prepared for some potential short-terms changes, including the possibility of the United States pulling out of the Universal Posting Union.
Helping us all understand what we are facing at the moment, Chris Lee and Anita Pursely shared their insights in this Industry Corner Podcast.
Pursley, senior manager at BBC Software and a recognized postal rates expert, attended the Postal Operation Technology Committee meeting in Minneapolis this spring, and relates what she learned from Steve Phelps, USPS’ acting VP of pricing and costing. She came away with a handful of insights:
1. Marketing mail flats are going up by around 4%
2. Weight break on marketing mail flats under evaluation
Will the US leave the Universal Postal Union?
more details at source: http://freeportpress.com/big-changes-could-be-looming-for-postal-customers/