8%, or $16 million, from $567 million to $583 million
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Gov. Tom Wolf ordered schools closed statewide beginning March 16, initially for 10 days but ultimately extended through the end of the 2019 20 school year (June 30). The state Department of Education has pushed districts and schools to provide of education for all students, which resulted in districts training teachers to work on line and providing students with necessary equipment..
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Non GAAP adjusted EBITDA increased 2.8%, or $16 million, from $567 million to $583 million. Full year income from operations decreased 16.4%, or $121 million, from $739 million to $618 million. Full year net income/(loss) decreased $1.50 billion, from income of $303 million to a loss of $1.20 billion.
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