School Specialty, an American education company providing supplemental learning, has reported its fiscal 2008 third quarter and fiscal year-to-date financial results. Revenue for the third quarter was $134.8 million, an all-time high for the period and 4.7 percent above the prior-year's third quarter. Revenue for the first nine months of fiscal 2008 was a record $914.3 million, up $37.2 million or 4.2 percent from $877.1 million in the first nine months of fiscal 2007.

 

"Our associates performed exceptionally well throughout the first three quarters of our fiscal 2008," noted Chief Executive Officer David Vander Zanden.

 

Despite the increase in revenue, an increase in SG&A costs meant that the loss from continuing operations was $19.0 million in the third quarter of fiscal 2008 compared to an operating loss of $16.9 million in fiscal 2007.