School Specialty, Inc. Reports Impairment Charge for the Third Quarter Ended September 28, 2019; Provides Financial Guidance for the Fiscal Year 2019
November 12, 2019 at 09:01 pm EST
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School Specialty, Inc. reported impairment charge for the third quarter ended September 28, 2019. For the quarter, the company reported impairment charge of $4,580,000.
The company provided financial guidance for the fiscal year 2019. Total revenue is expected to be approximately $638 million, a 5.3% decrease year-over-year.
SSI Liquidating, Inc., formerly School Specialty, Inc. (SSI), is a distributor of supplies, furniture, technology products, supplemental learning products (instructional solutions) and curriculum solutions, primarily to the education marketplace. It designs, develops and provides educators with its own products and services. Its segments include Distribution and curriculum. Distribution segment offers products that include basic classroom supplies and office products, supplemental learning materials, physical education equipment and classroom technology. Curriculum segment is a PreK-12 curriculum-based publisher of products in the categories of science and reading and literacy. Through its SSI Guardian subsidiary, the Company provides curriculum, training and safety and security products for school, healthcare and corporate workplace. Its SOAR life products are a customized offering for hospitals, long-term care, therapeutic facilities, home care, surgery centers and clinics.
SCHOOL SPECIALTY, LLC 
