01:33 PM EDT, 08/14/2025 (MT Newswires) -- McGraw Hill ( MH ) broke even in the fiscal first quarter on an adjusted per-share basis, while core earnings and revenue rose year over year.

The education solutions provider, which went public late last month, reported a breakeven point for the quarter ended June 30, compared with adjusted earnings of $0.52 per share a year earlier.

Adjusted earnings before interest, taxes, depreciation and amortization rose 7.2% year over year to $191.4 million. The company reported GAAP net income of $502,000, compared with a loss of $9.4 million a year earlier.

Revenue grew 2.4% to $535.7 million. Analyst estimates weren't available on FactSet for comparison.

"McGraw Hill ( MH ) delivered strong performance in the fiscal first quarter reinforcing our leadership position in the market," Chief Executive Simon Allen said in a statement.

Shares of the company were down 3.9% intraday Thursday. The stock has fallen nearly 20% since going public with an initial public offering price of $17 per share.

"Our fiscal first-quarter performance reflects McGraw Hill's ( MH ) track record of disciplined execution and profitable growth with results landing at the upper end of the ranges provided in our registration statement filed in July," Chief Financial Officer Bob Sallmann said.

Higher education revenue grew 14% year over year to $182.4 million, while the K-12 segment, which covers kindergarten through 12th grade, fell 1.4% to $270.9 million.

"Market share increased within US higher education, along with strong K-12 capture rate amid the predictably smaller fiscal year 2026 market," McGraw Hill ( MH ) said.

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