Scholastic

Scholastic Corp. engages in the publication and distribution of children's books, magazines, and teaching materials. It operates through the following segments: Children's Book Publishing and Distribution, Education, and International. The Children's Book Publishing and Distribution segment includes the publication and distribution of children's books, e-books, media, and interactive products. The Education segment publishes and distributes children's books, other print and on-line reference, non-fiction and fiction focused products, classroom magazines and classroom materials to schools and libraries. The International segment offers products and services outside the United States by the firm's international operations, export, and foreign rights businesses. The company was founded by Maurice R. Robinson in 1920 and is headquartered in New York, NY.

Earnings data Q4 2021

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Scholastic reports strong Q4 performance and addresses literacy challenges

Scholastic's Q4 results showcased strong performance and improved margins, but challenges include headwinds in the retail bookselling market and softer spending trends in schools. The company is focused on sustainable growth, leveraging Children's Book businesses, and addressing literacy issues through federal and state funding measures.

Scholastic reports Q3 losses, focuses on growth amid challenges

Scholastic faces challenges from market headwinds, high costs, and delays impacting financial results, while showcasing strengths in the Children's book segment and Education Solutions investments.
The company's proactive approach to operational efficiency and capital allocation strategy positions it well for growth opportunities and cost management, despite current challenges.
With a focus on driving growth initiatives and managing costs, Scholastic aims to navigate obstacles, capitalize on opportunities, and enhance financial performance in the future.

Scholastic reports robust Q4 earnings, eyes growth through literacy initiatives

Scholastic's strong financial performance in Q4 and full year, coupled with a focus on long-term growth strategies, position the company well for fiscal 2024 and beyond. Despite challenges in international markets and softer spending in education, the company remains confident in its opportunities for growth and shareholder value creation.

Scholastic reports Q1 losses but eyes growth through literacy

Scholastic's Q1 2024 performance reflects a mix of strengths, challenges, and opportunities.
Management's focus on literacy, successful book sales, and strategic investments underpin future growth.
Addressing revenue declines and cost challenges while leveraging growth opportunities will be key.
Overall, Scholastic remains committed to its fiscal 2024 guidance and shareholder value creation.

Scholastic Q2 2024 Earnings: Resilience Amidst Challenges, Strategic Growth Initiatives

Scholastic's Q2 2024 performance showcased resilience amidst challenges, with a focus on optimizing revenue streams and operational efficiency across segments.
While facing revenue declines in certain segments, the company capitalized on strengths in Trade Publishing and Book Fairs, indicating strategic adaptability and market responsiveness.
By addressing challenges in Book Clubs and international markets, Scholastic aims to leverage opportunities in education solutions and share repurchases for sustained growth and shareholder value.

Scholastic reports mixed Q3 results, eyes growth opportunities ahead

Scholastic's Q3 performance showed mixed results with revenue declines in some segments but growth in others. The company is focused on achieving its financial targets, enhancing capabilities through acquisitions, and addressing challenges in specific divisions.

Scholastic reports Q4 revenue decline, eyes growth amid challenges

Scholastic faced revenue declines in Q4 2024 but demonstrated strengths in strategic investments and shareholder returns.
Challenges in Children's Books and Education Solutions segments were offset by opportunities for growth and market navigation.
The company's focus on modest growth in fiscal 2025 and strong free cash flow position it well for future opportunities.
Scholastic's performance reflects a mix of challenges and strengths, with a strategic outlook for the upcoming fiscal year.

Scholastic reports Q1 revenue growth, eyes long-term profitability

Scholastic's Q1 performance showed revenue growth and improved operational metrics, with a focus on long-term growth initiatives.
The company faces challenges in certain segments but has opportunities for operational improvements and profitability.
Strengthened by successful releases and positive segment performance, Scholastic affirms its fiscal year 2025 guidance.
With a strategic focus on growth and returning capital to shareholders, Scholastic aims for sustained performance.

Scholastic reaffirms fiscal 2025 guidance amidst mixed Q2 performance

Scholastic's Q2 2025 earnings call highlighted a mixed performance with declines in key financial metrics but reaffirmed confidence in fiscal 2025 guidance.
The company faces challenges in certain segments like Education Solutions but benefits from strengths in Trade Publishing and Entertainment divisions.
Navigating potential policy changes and focusing on growth opportunities present avenues for Scholastic to enhance its market position and drive future success.
Despite financial declines, Scholastic remains committed to its capital allocation priorities and strategic initiatives to drive long-term value for shareholders.

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Scholastic Corp. engages in the publication and distribution of children's books, magazines, and teaching materials. It operates through the following business segments: Children's Book Publishing and Distribution, Education Solutions, and International. The Children's Book Publishing and Distribution segment includes the publication and distribution of children's books, e-books, media, and interactive products. The Education segment publishes and distributes children's books, other print and on-line reference, non-fiction and fiction focused products, classroom magazines and classroom materials to schools and libraries. The International segment offers products and services outside the United States. The company was founded by Maurice R. Robinson in 1920 and is headquartered in New York, NY.

NEW YORK , Sept. 15, 2022 /PRNewswire/ -- Scholastic Corporation (NASDAQ:SCHL) today announced the following schedule and teleconference information for its first quarter fiscal year 2023 earnings release: Earnings Release: Thursday, September 22, 2022 at approximately 4:00 PM (Eastern) by public distribution and on the Company's websites at investor.scholastic.com and mediaroom.scholastic.com.

SCHOLASTIC CORPORATION ANNOUNCES DATE FOR FIRST QUARTER FISCAL 2023 EARNINGS RELEASE AND TELECONFERENCE

NEW YORK , Sept. 6, 2022 /PRNewswire/ -- Scholastic (NASDAQ: SCHL), the global children's publishing, education and media company, today announced Jeffrey Mathews has been named Executive Vice President, Corporate Development and Investor Relations.

Scholastic Names Jeffrey Mathews Executive Vice President, Corporate Development and Investor Relations

Acquisition significantly advances Scholastic's literacy platform, integrating assessments, data-driven learning and professional learning with Scholastic's broad portfolio of digital and blended children's content and instructional resources Provides educators with proven screening, data-driven guidance for instructional planning and research-driven professional learning, aligned to the Science of Reading Technology-based system proven to raise students' literacy outcomes in grades preK-3, backed by ESSA Tier 1 (strongest) evidence of efficacy NEW YORK , Sept. 6, 2022 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, announced today that it has acquired Learning Ovations, the creator of A2i ("Assessment to Instruction"), a literacy screening, progress monitoring assessment and instructional planning system for classrooms and community organizations.

Scholastic Acquires Learning Ovations, Creator of A2i Literacy Assessment and Instructional System

SCHL is the best, even if communication technology now makes children's books far more profitable products than what started the company over a century ago. Institutions hold 90% of shares, insiders 10%, and both have had capital gains at an 80% annual rate following price range forecasts like today's.

Scholastic: Best Education-Oriented Publisher Prospect For Near-Term Capital Gains

Scholastic Corporation (NASDAQ:SCHL ) Q4 2022 Earnings Conference Call July 21, 2022 4:30 PM ET Company Participants Paul Hukkanen - Chief Accounting Officer Peter Warwick - President and Chief Executive Officer Ken Cleary - Chief Financial Officer Operator Good day and thank you for standing by and welcome to the Scholastic Reports Q4 and Fiscal Year 2022 Results Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.

Scholastic Corporation (SCHL) CEO Peter Warwick on Q4 2022 Results - Earnings Call Transcript

Fourth Quarter Operating Income Up $55.8M on 28% YOY Higher Revenue of $514.4M Company Expects Full Year 2023 Revenue to Increase 8%-10% Versus Fiscal 2022 Regular Quarterly Dividend Raised 33% to $0.20 Per Share NEW YORK , July 21, 2022 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported financial results for the Company's fiscal fourth quarter and full year ended May 31, 2022. Scholastic recorded significant revenue and operating income gains in both reporting periods, led by increased in-person book fairs and record revenue-per-fair levels in the U.S. book fairs channel, as well as strong demand for the Company's educational offerings.

SCHOLASTIC REPORTS FOURTH QUARTER AND FISCAL 2022 RESULTS LED BY RECORD REVENUE PER FAIR LEVELS AND STRONG EDUCATION SOLUTIONS SALES

Shares of Scholastic Corp. SCHL, +0.51% rose 0.4% in afternoon trading Wednesday, after the children's books publisher and distributor said it was raising its quarterly dividend by 33%. The new dividend of 20 cents a share, up from 15 cents a share, will be payable Sept.

Scholastic raises dividend by 33%, to boost dividend yield above 2.2%

Board Approves 33% Increase in Dividend Rate NEW YORK , July 20, 2022 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL) is pleased to announce that its Board of Directors today approved a 33% increase in its regular quarterly dividend to $0.20 per share from $0.15 per share on the Company's Class A and Common Stock, commencing with the dividend declared for the first quarter of fiscal 2023. The dividend is payable on September 15, 2022 to all shareholders of record as of the close of business on August 31, 2022.

SCHOLASTIC CORPORATION ANNOUNCES FIRST QUARTER DIVIDEND

NEW YORK , July 14, 2022 /PRNewswire/ -- Scholastic Corporation (NASDAQ:SCHL) today announced the following schedule and teleconference information for its fourth quarter and fiscal year 2022 earnings release: Earnings Release: Thursday, July 21, 2022 at approximately 4:00 PM (Eastern) by public distribution and on the Company's websites at investor.scholastic.com and mediaroom.scholastic.com. Conference Call: Thursday, July 21, 2022 at 4:30 PM (Eastern) hosted by Peter Warwick, President and CEO and Kenneth Cleary, CFO.

SCHOLASTIC CORPORATION ANNOUNCES DATE FOR FOURTH QUARTER AND FISCAL 2022 EARNINGS RELEASE AND TELECONFERENCE

ILLUSTRATED NOVEL INSPIRED BY AN IDEA  FROM STEVEN SPIELBERG IN COLLABORATION WITH ILLUMINATION'S CHRIS MELEDANDRI  TO BE PUBLISHED WORLDWIDE  APRIL 4, 2023 NEW YORK , June 9, 2022 /PRNewswire/ -- Scholastic, the world's largest publisher and distributor of children's books, is set to publish BIG TREE, an immersive novel in words and pictures by Brian Selznick, the #1 New York Times bestselling creator of the Caldecott Medal-winning The Invention of Hugo Cabret . This new trailblazing tour de force will be released in hardcover and ebook formats on April 4, 2023, simultaneously in the U.S., U.K., Canada, Australia, and New Zealand.

SCHOLASTIC PLANTS "BIG TREE" BY #1 NEW YORK TIMES BESTSELLING AUTHOR AND AWARD-WINNING ARTIST BRIAN SELZNICK

Governor's Early Literacy Foundation, in collaboration with Scholastic, expands its K-3 Home Library program to benefit 162,000 teachers and students across Tennessee, marking the first statewide roll-out of an at-home book delivery program for K-3 students NASHVILLE, Tenn. , June 8, 2022 /PRNewswire/ -- To combat summer learning loss in Tennessee and support student learning in the home, Governor's Early Literacy Foundation (GELF) today announced the expansion of its K-3 Home Library program to deliver 970,000 books to teachers and students statewide this summer, including every rising first and second grader enrolled in a public school in Tennessee.

Nearly One Million Books Coming to TN Homes to Spur Summer Reading and Help "Stop the Slide!" Through First Statewide K-3 Book Delivery Program, Serving 162K Students

Scholastic Kids Press™ Opens Its Annual Global Call for Applications and, in partnership with Scholastic Magazine+™ Editors, Launches Free Resources for Grades 4-6 NEW YORK , March 31, 2022 /PRNewswire/ -- In the past two years, kids and adults alike have navigated a series of complex and challenging global events while trying to stay connected. People have turned to the news for essential information like never before, highlighting the need for media literacy.

Scholastic Expands Resources to Help Students Learn to Write "News for Kids, by Kids"

Largest Statewide Reading Program of its Kind Celebrates First Major Milestone while Looking Ahead to Drive Enrollment GAINESVILLE, Fla., March 25, 2022 /PRNewswire/ -- Created to help approximately half a million Florida K-5 students read on grade level, the New Worlds Reading Initiative is a new, free book delivery program advancing literacy and a love of reading across the state.

New Worlds Reading Initiative Reaches More than 100,000 Florida Students in Free Book Program

NEW YORK , March 21, 2022 /PRNewswire/ -- Scholastic (NASDAQ: SCHL), the global children's publishing, education and media company, today announced Cristina Juvier has been named Chief People Officer. Based in New York, this new role for the company is designed to bring broad, strategic human resources leadership across Scholastic to best support employees.

Scholastic Names Cristina Juvier Chief People Officer

Scholastic Corporation (SCHL) CEO Peter Warwick on Q3 2022 Results - Earnings Call Transcript

$67M Increased Revenues Reflect Strength of Book Fairs and Education Solutions $21M Increase in Operating Cash Flows Expecting Q4 to Be Led By Peak Selling Season for Education Solutions and Fair Count Continuing at 70% of Pre-Pandemic Levels NEW YORK, March 17, 2022 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported financial results for the Company's fiscal third quarter ended February 28, 2022. The Company recorded a 24% increase in third quarter revenues, a seasonally lower revenue period in which it typically records an operating loss.

SCHOLASTIC REPORTS FISCAL 2022 THIRD QUARTER RESULTS

NEW YORK , March 16, 2022 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL) is pleased to announce that its Board of Directors today declared a quarterly cash dividend of $0.15 per share on the Company's Class A and Common Stock for the fourth quarter of fiscal 2022. The dividend is payable on June 15, 2022 to all shareholders of record as of the close of business on April 29, 2022.

SCHOLASTIC CORPORATION ANNOUNCES FOURTH QUARTER DIVIDEND

NEW YORK, March 10, 2022 /PRNewswire/ -- Scholastic Corporation (NASDAQ:SCHL) today announced the following schedule and teleconference information for its third quarter fiscal year 2022 earnings release: Earnings Release: Thursday, March 17, 2022 at approximately 4:00 PM (Eastern) by public distribution and on the Company's websites at investor.scholastic.com and mediaroom.scholastic.com. Conference Call: Thursday, March 17, 2022 at 4:30 PM (Eastern) hosted by Peter Warwick, President and CEO and Kenneth Cleary, CFO.

SCHOLASTIC CORPORATION ANNOUNCES DATE FOR THIRD QUARTER FISCAL 2022 EARNINGS RELEASE AND TELECONFERENCE

NEW YORK, March 9, 2022 /PRNewswire/ -- Scholastic Magazines+ today announces the launch and pre-order of the new title Storyworks 1, a print and digital resource to build reading skills for grade 1 students with the foundation of the high-quality, engaging features that have made success stories of Storyworks, Storyworks 2 and Storyworks 3. The first Storyworks magazine was published nearly 30 years ago for grades 4–6, and over the years the results seen in the classroom have prompted teachers across the country to seek similar resources for the younger grades.

Scholastic Magazines+™ Expands Storyworks® with New Title for First Grade Students

NEW YORK, Jan. 19, 2022 /PRNewswire/ -- In an effort to help foster meaningful connections in spite of ongoing pandemic disruptions, LitWorld, the global non-profit advocating for the power of sharing stories, and Scholastic, the global children's publishing, education and media company, have announced World Read Aloud Day Book Fest, a series of fun, free virtual events to bring communities together in celebration of World Read Aloud Day. The events will kick off on Monday, January 31, and will continue through World Read Aloud Day on Wednesday, February 2, as readers around the world will have the opportunity to hear from literacy experts and authors, including the 2022 World Read Aloud Day Author Ambassador Tami Charles, author of the New York Times bestselling picture book All Because You Matter and its forthcoming companion, We Are (on sale October 4, 2022).

Scholastic and LitWorld to Host Free Virtual Event Series Leading Up to World Read Aloud Day Annual Celebration on February 2, 2022

NEW YORK, Jan. 12, 2022 /PRNewswire/ -- Scholastic is proud to announce the publication of I Am Ruby Bridges, a beautiful and momentous new picture book written by Civil Rights icon Ruby Bridges and illustrated by #1 New York Times bestselling artist Nikkolas Smith. On sale September 6, 2022, this must-have poetic reflection marks the first time that Bridges shares her powerful and trailblazing story from the perspective of her six-year-old self – providing a personal and intimate look through a child's lens at an experience that changed the face of history and the trajectory of the Civil Rights movement.

SCHOLASTIC ANNOUNCES PICTURE BOOK "I AM RUBY BRIDGES" WRITTEN BY CIVIL RIGHTS ICON RUBY BRIDGES

Scholastic Corp (NASDAQ: SCHL) shares are trading higher after the company reported second-quarter EPS and sales results were higher year over year. Scholastic reported quarterly earnings of $1.93 per share.

Why Scholastic Shares Are Rising

Scholastic Corporation's (SCHL) CEO Peter Warwick on Q2 2022 Results - Earnings Call Transcript

NEW YORK, Dec. 16, 2021 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported financial results for the Company's fiscal second quarter ended November 30, 2021. Fiscal Second Quarter 2022 Review (In $ Millions) Second Quarter Change Fiscal 2022 Fiscal 2021 $ % Revenues $ 524.2 $ 406.2 $ 118.0 29 % Operating income (loss) $ 83.4 $ 48.8 $ 34.6 71 % One-time items 0.9 5.5 Operating income (loss), ex.

SCHOLASTIC REPORTS FISCAL 2022 SECOND QUARTER RESULTS

NEW YORK, Dec. 15, 2021 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL) is pleased to announce that its Board of Directors today declared a quarterly cash dividend of $0.15 per share on the Company's Class A and Common Stock for the third quarter of fiscal 2022.  The dividend is payable on March 15, 2022 to all shareholders of record as of the close of business on January 31, 2022.

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