2020 Financial Highlights •Delivered sales of $11.8 billion, up 2.7%, and up 3.5% on an organic, daily, constant currency basis compared to the prior year (excluding divestitures and foreign exchange) •Generated reported operating earnings of $1.0 billion; adjusted operating earnings of $1.3 billion •Achieved $1.1 billion of operating cash flow and returned over $0.9 billion to shareholders through dividends and share repurchases. Fourth Quarter Financial Highlights •Delivered sales of $2.9 billion, up 3.3%, and up 5.6% on an organic, daily, constant currency basis compared to the fourth quarter 2019 (excluding divestitures and foreign exchange) •Generated reported operating earnings of $275 million; adjusted operating earnings of $295 million •Achieved reported operating margin of 9.4%, up 300 basis points; adjusted operating margin of 10.0%, down 75 basis points

Consistent with the rest of the shipping industry, USPS experienced delays in both ground and air transportation during the month of February due to inclement weather events including winter storms in the Midwest, South and Northeast regions. The Postal Service continues to implement mitigation plans to move mail and packages effectively across the nation. Additional second quarter service performance scores covering Jan.1 through Feb. 25 included: *First-Class Mail: 86.6 percent of First-Class Mail delivered on time against the USPS service standard, a decrease of 2.5 percentage points from the fiscal first quarter. *Marketing Mail: 91.4 percent of Marketing Mail delivered on time against the USPS service standard, a decrease of .8 percentage point from the fiscal first quarter. *Periodicals: 80.3 percent of Periodicals delivered on time against the USPS service standard, a decrease of .5 percentage point from the fiscal first quarter.

The Basic Books Group, a division of Hachette Book Group, will add two new imprints to its portfolio following the promotion of Lara Heimert to president and publisher of the group, HBG and Hachette UK CEO David Shelley announced on November 7. Basic Venture, a business and economics imprint, will be led by editorial director Colleen Lawrie and executive editor Emily Taber, while Thomas Spence, the former president and publisher of Regnery Publishing, will lead Basic Liberty, a conservative imprint, as executive editor. “The Basic Books Group has seen fantastic growth and success in recent years,” Shelley said in a statement.“They know their readership incredibly well and are able to serve their desire for serious non-fiction publishing by the leading authors in their fields across a range of different topics. Lara has grown and steered the group with incredible vision and precision; her promotion, and the investments we’re making with the two new imprints and other promotions and hires, are testament to the further potential for growth we see in this space and with this skilled team.”