■SCHOLASTIC Second Quarter 2025 Earnings Call Presentation Thursday, December 19, 2024 Forward-Looking Statements / Regulation G This presentation contains certain statements made today which will be forward-looking. These forward-looking statements, by their nature, are subject to various risks and uncertainties, and actual results may differ materially from those currently anticipated. Today's comments include references to certain non-GAAP financial measures as defined in Regulation G. The reconciliation ...

Scholastic (SCHL) came out with quarterly earnings of $1.82 per share, missing the Zacks Consensus Estimate of $2.30 per share. This compares to earnings of $2.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -20.87%. A quarter ago, it was expected that this publishing, education and media company would post a loss of $2.48 per share when it actually produced a loss of $2.13, delivering a surprise of 14.11%.Over the last fou ...

Financial Performance - Revenues for Q2 Fiscal 2025 decreased 3% to $544.6 million compared to $562.6 million in Q2 Fiscal 2024[4] - Operating income fell 26% to $74.7 million, down from $101.3 million a year ago, reflecting a 22% decrease when excluding one-time items[6] - Diluted earnings per share decreased 30% to $1.71, compared to $2.45 in the prior year[4] - Net income for the three months ended November 30, 2024, was $48.8 million, compared to $76.9 million for the same period in 2023, reflecting a decline of 36.6%[30] - Adjusted EBITDA for Q2 Fiscal 2025 decreased 12% to $108.7 million compared to $124.0 million in Q2 Fiscal 2024[6] - Adjusted EBITDA for the three months ended November 30, 2024, was $108.7 million, down from $124.0 million in the prior year[45] - Reported earnings before income taxes were $70.5 million, compared to a loss of $12.9 million in the previous period[51] - Earnings before income taxes excluding one-time items were $70.5 million, a significant improvement from a loss of $12.9 million[51] Segment Performance - The Children's Book Publishing and Distribution segment's revenues decreased 6% to $367.0 million, with Book Fairs revenues down 5% to $231.0 million[7][8] - Education Solutions revenues decreased 12% to $71.2 million, resulting in a segment operating loss of $0.5 million[11] - The Children's Book Publishing and Distribution segment reported total revenues of $367.0 million for the three months ended November 30, 2024, a decrease of 6% from $392.4 million in the prior year[33] - The Education Solutions segment experienced a revenue decline of 12% to $71.2 million for the three months ended November 30, 2024, compared to $81.0 million in the same period last year[33] - The Entertainment segment generated revenues of $16.8 million for the three months ended November 30, 2024, significantly up from $0.4 million in the prior year, marking a substantial increase[33] - The Children's Book Publishing and Distribution segment generated $102.1 million in earnings before income taxes for the three months ended November 30, 2024[50] - The Education Solutions segment reported a loss of $0.5 million for the three months ended November 30, 2024, compared to a loss of $5.8 million in the same period of 2023[50] - The newly formed Entertainment segment reported a loss of $4.9 million for the three months ended November 30, 2024[50] - International segment earnings before income taxes were $5.2 million for the three months ended November 30, 2024[50] Cash Flow and Debt - The Company reported a net cash provided by operating activities of $71.2 million, down from $109.7 million in the prior year[16] - Net debt increased to $120.8 million from a net cash position of $143.2 million in the prior year, due to borrowings for the acquisition of 9 Story Media Group[17] - Cash and cash equivalents decreased to $139.6 million as of November 30, 2024, down from $149.5 million a year earlier[36] - Free cash flow for the three months ended November 30, 2024, was $42.4 million, down from $88.6 million in the prior year[36] Cost Management - The company recognized pretax severance costs of $3.8 million for the three months ended November 30, 2024, related to cost-savings initiatives[30] - Overhead costs for the three months ended November 30, 2024, were $31.1 million, compared to $23.3 million in the prior year[50] - The company recognized pretax severance costs of $0.4 million related to cost-saving initiatives in the three months ended November 30, 2024[41] Future Outlook - The Company expects to achieve 90,000 Book Fairs in Fiscal 2025, indicating strong participation[8] - The Company reaffirmed its guidance for Fiscal 2025, confident in its ability to navigate the market[2] - Future outlook includes continued focus on cost-saving initiatives and potential acquisitions to enhance market position[41]

Company Reaffirms Fiscal 2025 GuidanceRevolving Credit Facility Upsized to $400 Million NEW YORK, Dec. 19, 2024 /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, 2024. Peter Warwick, President and Chief Executive Officer, said, "Scholastic's proprietary school-based channels continued to deliver the joy and excitement of books and reading this fall, ...

Group 1 - Scholastic Corporation declared a quarterly cash dividend of $0.20 per share for the third quarter of fiscal 2025 [1] - The dividend is payable on March 14, 2025, to shareholders of record as of January 31, 2025 [1] Group 2 - Scholastic has over 100 years of experience in providing quality content and experiences focused on literacy for children [2] - The company is the world's largest publisher and distributor of children's books, reaching over 135 countries [2] - Scholastic aims to empower children to become lifelong readers and learners through various resources, including bestselling books and classroom materials [2]

NEW YORK, Dec. 5, 2024 /PRNewswire/ -- Scholastic Corporation (NASDAQ:SCHL) today announced the following schedule and conference call information for its second quarter fiscal year 2025 earnings announcement: Earnings Release: Thursday, December 19, 2024, at 4:00 PM ET and posted on the Company's investor relations website, investor.scholastic.com. Conference Call: Thursday, December 19, 2024, at 4:30 PM ET hosted by Peter Warwick, President and CEO, and Haji Glover, CFO and Executive Vice President. A liv ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Quarterly Report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended August 31, 2024 Commission File No. 000-19860 SCHOLASTIC CORPORATION (Exact name of Registrant as specified in its charter) Delaware 13-3385513 (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) 557 Broadway, New York, New York 10012 (Address of principal executive ...

Scholastic Corporation (NASDAQ:SCHL) Q1 2025 Earnings Call Transcript September 26, 2024 4:30 PM ET Company Participants Jeffrey Mathews - EVP and Chief Growth Officer Peter Warwick - President and CEO Haji Glover - CFO and EVP Conference Call Participants Brendan McCarthy - Sidoti Operator Good day and thank you for standing by. Welcome to the Scholastic Reports Q1 Fiscal Year 2025 Results Conference Call. At this time, all participants are in a listen-only mode. Please be advised that today's conference i ...

Scholastic (SCHL) came out with a quarterly loss of $2.13 per share versus the Zacks Consensus Estimate of a loss of $2.48. This compares to loss of $2.20 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 14.11%. A quarter ago, it was expected that this publishing, education and media company would post earnings of $2.66 per share when it actually produced earnings of $1.73, delivering a surprise of -34.96%. Over the last four ...

■SCHOLASTIC First Quarter 2025 Earnings Call Presentation Thursday, September 26, 2024 Forward-Looking Statements / Regulation G 2 This presentation contains certain statements made today which will be forward-looking. These forward-looking statements, by their nature, are subject to various risks and uncertainties, and actual results may differ materially from those currently anticipated. Today's comments include references to certain non-GAAP financial measures as defined in Regulation G. The reconciliati ...