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 Q3 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.

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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.

HIGHLY-ANTICIPATED NOVEL BY #1 NEW YORK TIMES BESTSELLING AUTHOR AND ACCLAIMED ARTIST BRIAN SELZNICK TO BE PUBLISHED AND AVAILABLE FOR DOWNLOAD APRIL 4, 2023 NEW YORK , March 1, 2023 /PRNewswire/ -- Scholastic, the global children's publishing, education and media company, announced today that three-time Academy Award-winning actress Meryl Streep will narrate the audiobook edition of BIG TREE. The illustrated novel by #1 New York Times bestselling and Caldecott Medal-winning author-artist Brian Selznick, will be released simultaneously in hardcover, audiobook, and ebook on April 4, 2023.

ACADEMY AWARD-WINNING ACTRESS MERYL STREEP TO NARRATE "BIG TREE" AUDIOBOOK

Scholastic Launches Ready4Reading, a Systematic, Grounded in Science Curriculum for Phonics Instruction, as the Company's First Voice-Enabled Product Leveraging SoapBox Technology NEW YORK , Feb. 22, 2023 /PRNewswire/ -- Today, Scholastic, the global children's publishing, education and media company, announced a multi-year, strategic partnership to voice enable its future reading products with SoapBox Labs' award-winning, AI-based speech engine, built to accurately recognize children's voices and diagnose reading fluency and disfluencies, regardless of race, background, age or ethnicity. Ready4Reading, a new foundational skills curriculum, is Scholastic's first reading product to leverage SoapBox technology and will be available initially to U.S. schools and districts this summer.

Scholastic and SoapBox Labs, the Award-Winning Speech Recognition Technology Company, Announce New Partnership to Enhance Efficacy and Equity of Literacy Instructional Programs

In partnership with the Council of the Great City Schools, the annual award honors advancing student literacy and includes a school library makeover for Jason Lee Elementary NEW YORK , Feb. 13, 2023 /PRNewswire/ -- Today, Scholastic, the global children's publishing, education, and media company, with the Council of the Great City Schools (CGCS), a coalition of 78 of the nation's largest urban public school systems, announced Portland Public Schools as the second annual winner of the Richard M. Robinson Literacy Champion Award.

PORTLAND PUBLIC SCHOOLS CELEBRATED AS RICHARD M. ROBINSON LITERACY CHAMPION AWARD RECIPIENT FROM SCHOLASTIC

New York Times Bestselling Author of the Owl Diaries Book Series, Rebecca Elliott Serves as the 2023 World Read Aloud Day Author Ambassador In a World Read Aloud Day First, 24 Hours of Free, Virtual Programming including Live Author Events from Around the Globe will be Accessible through the Digital App Storyvoice, Scholastic's Dedicated Home for Live Read-Aloud Experiences NEW YORK , Jan. 23, 2023 /PRNewswire/ -- With families busier than ever, LitWorld®, the global non-profit advocating for the power of sharing stories and founder of World Read Aloud Day, and Scholastic, the global children's publishing, education and media company, are encouraging communities across the globe to slow down and connect through reading on February 1, 2023, for World Read Aloud Day (WRAD). Celebrated on the ground in 173 countries, the 14th annual celebration is going truly global with free, virtual programming spanning across time zones for 24 hours.

Slow Down, Connect and Share Stories with Scholastic, LitWorld®, and Fan-Favorite Children's Authors to Celebrate World Read Aloud Day® on February 1st

Cohort of K-8 Educators from across the U.S. Will Collaborate With Scholastic Education Solutions Product, Research and Publishing Teams NEW YORK , Jan. 9, 2023 /PRNewswire/ -- Today, Scholastic, the global children's publishing, education, and media company, announced its inaugural Teacher Fellow Cohort. This team of 12 high-performing K-8 teachers will collaborate with Scholastic Education Solutions' product development, research and publishing teams across the school year, offering a direct pathway to their diverse expertise and the real-time experiences of their classrooms.

SCHOLASTIC NAMES 12 TEACHER FELLOWS TO BETTER INFUSE REAL-TIME CLASSROOM EXPERTISE INTO PRODUCT DEVELOPMENT

Investors rewarded the company for delivering an encouraging second quarter.

Why Scholastic Stock Shot Nearly 6% Higher Today

Scholastic Corporation (NASDAQ:SCHL ) Q2 2023 Earnings Conference Call December 15, 2022 4:30 PM ET Company Participants Jeffrey Mathews - Executive Vice President, Corporate Development and IR Peter Warwick - President and CEO Ken Cleary - Chief Financial Officer Conference Call Participants Operator Good day and thank you for standing by. And welcome to Scholastic Reports Q2 Fiscal Year 2023 Results Conference Call.

Scholastic Corporation (SCHL) Q2 2023 Earnings Call Transcript

Revenues Up 12% Over Prior Period, Driving Higher Results Stock Repurchase Authorization Increased to $75 million NEW YORK , Dec. 15, 2022 /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, 2022. Peter Warwick, President and Chief Executive Officer, said, "Scholastic delivered strong revenue growth and higher earnings in the second quarter.

Scholastic Reports Fiscal 2023 Second Quarter Results

NEW YORK , Dec. 8, 2022 /PRNewswire/ -- Scholastic Corporation (NASDAQ:SCHL) today announced the following schedule and conference call information for its second quarter fiscal year 2023 earnings announcement: Earnings Release: Thursday, December 15, 2022, at approximately 4:00 PM ET and posted on the Company's investor relations website, investor.scholastic.com. Conference Call: Thursday, December 15, 2022, at 4:30 PM ET hosted by Peter Warwick, President and CEO and Kenneth Cleary, CFO.

Scholastic Corporation Announces Date for Second Quarter Fiscal 2023 Earnings Release and Conference Call

NEW YORK , Nov. 28, 2022 /PRNewswire/ -- Scholastic Corporation (the "Company") (NASDAQ: SCHL), the global children's publishing, education and media company, today announced final results of its "modified Dutch auction" tender offer which expired at 12:00 midnight, New York City time, at the end of the day on November 22, 2022. Based on the final count by Computershare Trust Company, N.A.

Scholastic Corporation Announces Final Results of Modified Dutch Auction Tender Offer

NEW YORK , Nov. 23, 2022 /PRNewswire/ -- Scholastic Corporation (the "Company") (NASDAQ: SCHL) the global children's publishing, education and media company, today announced preliminary results of its "modified Dutch auction" tender offer which expired at 12:00 midnight, New York City time, at the end of the day on November 22, 2022. Based on the preliminary count by Computershare Trust Company, N.A.

Scholastic Corporation Announces Preliminary Results of Modified Dutch Auction Tender Offer

Scholastic is the largest publisher and distributor of children's books. It primarily sells books through school book fairs and clubs, as well as directly to schools and libraries.

Scholastic: Fairly Valued

NEW YORK , Oct. 25, 2022 /PRNewswire/ -- Scholastic Corporation (the "Company" or "Scholastic") (NASDAQ: SCHL), the global children's publishing, education and media company, announced today the commencement of a modified "Dutch Auction" tender offer to purchase up to $75 million of its common stock at a price not less than $35.00 per share or more than $40.00 per share to the seller in cash, less any applicable withholding taxes and without interest. The number of shares proposed to be purchased in the tender offer (at a minimum purchase price of $35.00 per share) represents approximately 6.5% of Scholastic's currently outstanding common shares.

SCHOLASTIC CORPORATION ANNOUNCES CASH TENDER OFFER TO PURCHASE UP TO $75 MILLION OF ITS COMMON STOCK

NEW YORK , Oct. 24, 2022 /PRNewswire/ -- Scholastic Corporation ("Scholastic") (NASDAQ: SCHL), the global children's publishing, education and media company, today announced that its Board of Directors (the "Board") has authorized the repurchase of up to $75 million of the Company's common stock through a modified "Dutch Auction" tender offer ("Offer"), at an anticipated cash purchase price per share of not less than $35.00 per share and not more than $40.00 per share, less any applicable withholding taxes and without interest. Scholastic intends to commence the Offer on Tuesday, October 25, 2022, with expiration of the Offer scheduled for 12:00 Midnight, at the end of the day, New York City time on Tuesday, November 22, 2022, unless the Offer is extended or earlier terminated.

Scholastic Announces Intent to Repurchase Up to $75 Million of its Common Stock Through Modified Dutch Auction Tender Offer

29 Students from Around the Globe Will Report "News for Kids, By Kids" NEW YORK , Sept. 28, 2022 /PRNewswire/ -- As kids continue to navigate and make sense of complex global events as well as the goings-on in their community, staying informed and understanding the news is critical.

Award-Winning Scholastic Kids Press Program Announces 2022-23 Kid Reporters

Scholar Julia B. Lindsey Guides Educators with Evidence-Based Literacy Routines to Build Foundational Reading Skills NEW YORK , Sept.

NEW SCHOLASTIC PROFESSIONAL BOOK, READING ABOVE THE FRAY, BRINGS THE SCIENCE OF READING INTO CLASSROOM PRACTICE

Scholastic Corporation (NASDAQ:SCHL ) Q1 2023 Earnings Conference Call September 22, 2022 4:30 PM ET Company Participants Jeffrey Mathews - EVP, Corporate Development and IR Peter Warwick - President and CEO Ken Cleary - CFO Conference Call Participants Operator Thank you for standing by. Welcome to Scholastic Reports First Quarter Fiscal Year 2023 Results.

Scholastic Corporation (SCHL) Q1 2023 Earnings Call Transcript

NEW YORK , Sept. 22, 2022 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported financial results for the Company's fiscal first quarter ended August 31, 2022.

SCHOLASTIC REPORTS FISCAL 2023 FIRST QUARTER RESULTS AND AFFIRMS FULL-YEAR GUIDANCE

NEW YORK , Sept. 21, 2022 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL) is pleased to announce that its Board of Directors today declared a quarterly cash dividend of $0.20 per share on the Company's Class A and Common Stock for the second quarter of fiscal 2023.

SCHOLASTIC CORPORATION ANNOUNCES SECOND QUARTER DIVIDEND

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.

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