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 February 29, 2024 Commission File No. 000-19860 SCHOLASTIC CORPORATION (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 557 Broadway, New York, New York 10012 (Address of principal executive offices) (Zip Code) Delaware 13-3385513 (IRS Employ ...

Scholastic Corporation (NASDAQ:SCHL) Q3 2024 Earnings Conference Call March 21, 2024 4:30 PM ET Company Participants Jeffrey Mathews - Investor Relations Peter Warwick - President and Chief Executive Officer Haji Glover - Chief Financial Officer and Executive Vice President Conference Call Participants Brendan McCarthy - Sidoti Operator Good day. Thank you for standing by. Welcome to the Scholastic reports Q3 Fiscal Year 2024 Results Conference Call. [Operator Instructions] Please be advised that today’s co ...

Financial Performance - Revenues for the third quarter were approximately $323.7 million, a slight decrease of $1.2 million from $324.9 million in the prior year[1][8] - Year-to-date revenues decreased by 5% to $1,114.8 million, primarily due to headwinds in the retail market and strategic repositioning of Book Clubs[1][20] - Revenues for the three months ended February 29, 2024, were $323.7 million, a decrease of 0.4% compared to $324.9 million for the same period last year[28] - Total revenues for the Children's Book Publishing and Distribution segment decreased by 5% to $193.6 million for the three months ended February 29, 2024, from $204.0 million in the same period last year[31] - The Education Solutions segment reported revenues of $68.5 million, down 2% from $70.0 million in the same period last year[31] - International revenues increased by 16% or $8.2 million, driven by improved trade channel revenues in Canada and the UK[1][13] - International segment revenues increased by 16% to $59.1 million for the three months ended February 29, 2024, compared to $50.9 million in the same period last year[31] Operating Loss and Income - Operating loss increased by 26% to $34.9 million, compared to $27.7 million a year ago, reflecting higher spending on growth initiatives[1][9] - Operating income for the three months ended February 29, 2024, was a loss of $34.9 million, compared to a loss of $27.7 million in the same period last year, representing a decline of 26%[31] - The company reported a significant increase in overhead costs, with a loss of $(81.4) million for the three months ended February 29, 2024, compared to a gain of $5.9 million for the same period last year[40] - Operating loss for the three months ended February 29, 2024, was $(32.7) million, compared to an operating income of $10.6 million for the same period last year[40] Net Income and Earnings Per Share - Diluted earnings per share for the third quarter were $(0.91), a decrease of 60% from $(0.57) in the prior year[1][5] - Net income for the three months ended February 29, 2024, was a loss of $26.5 million, compared to a loss of $19.3 million for the same period last year, indicating a worsening of 37%[28] - The company reported basic and diluted earnings per share of $(0.91) for the three months ended February 29, 2024, compared to $(0.57) for the same period last year[28] - For the three months ended February 29, 2024, the diluted loss per share was $(0.80), compared to earnings of $0.26 for the same period last year[40] - The net loss for the three months ended February 29, 2024, was $(23.8) million, compared to net income of $7.9 million for the same period last year[40] - The company reported a net loss of $(31.1) million for the nine months ended February 29, 2024, compared to net income of $16.8 million for the same period last year[44] Cash Flow and Shareholder Returns - Free cash flow use was $7.1 million, an improvement of 40% compared to $11.9 million in the prior period[1][18] - Free cash flow for the three months ended February 29, 2024, was a use of $7.1 million, an improvement from a use of $11.9 million in the same period last year[34] - The company returned over $60 million to shareholders through repurchases and dividends in the third quarter[1][2] - The company has authorized an additional $54.6 million for stock repurchases, increasing the total authorization to $100 million[1][19] Costs and Investments - The company recognized pretax costs of $3.0 million related to its planned investment in 9 Story Media Group during the three months ended February 29, 2024[28] - The company recognized a pretax cost of $3.0 million associated with its planned investment in 9 Story Media Group during the three months ended February 29, 2024[41] - The company incurred pretax severance costs of $0.8 million related to restructuring initiatives during the three months ended February 29, 2024[42] - For the nine months ended February 29, 2024, the adjusted EBITDA was $46.2 million, down from $81.3 million for the same period last year[44] - Adjusted EBITDA for the three months ended February 29, 2024, was $(7.2) million, compared to $(5.4) million for the same period last year[44] Cash and Equivalents - Cash and cash equivalents decreased to $110.4 million as of February 29, 2024, from $198.8 million a year earlier[34]

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 November 30, 2023 Commission File No. 000-19860 SCHOLASTIC CORPORATION (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 557 Broadway, New York, New York 10012 (Address of principal executive offices) (Zip Code) Delaware 13-3385513 (IRS Employ ...

Scholastic Corporation (NASDAQ:SCHL) Q2 2024 Earnings Conference Call December 14, 2023 4:30 PM ET Company Participants Jeffrey Mathews - EVP, Corporate Development and IR Peter Warwick - President and CEO Ken Cleary - CFO and Acting President Conference Call Participants Brendan McCarthy - Sidoti Operator Good day and thank you for standing by. Welcome to the Scholastic Corporation Fiscal 2024 Second Quarter Earnings Call. [Operator Instructions] Please be advised that today's conference is being recorded. ...

Second Quarter 2024 Earnings Call Presentation INSULATION PRODUCTION THE LAST AND ANDRANT PRO Forward-Looking Statements / Regulation G 2 Thursday, December 14, 2023 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 define ...

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, 2023 Commission File No. 000-19860 (State or other jurisdiction of incorporation or organization) 557 Broadway, New York, New York 10012 (Address of principal executive offices) (Zip Code) SCHOLASTIC CORPORATION (Exact name of Registrant as specified in its charter) Delaware 13-3385513 (IRS Employer ...

Scholastic Corporation (NASDAQ:SCHL) Q1 2024 Earnings Conference Call September 21, 2023 4:30 PM ET Company Participants Jeffrey Mathews - Executive Vice President, Corporate Development and Investor Relations Peter Warwick - President and Chief Executive Officer Ken Cleary - Chief Financial Officer Conference Call Participants Brendan McCarthy - Sidoti Operator Thank you for standing by and welcome to today's conference entitled Scholastic Reports First Quarter Fiscal Year 2024 Results. At this time, all p ...

United States Securities and Exchange Commission Washington, D.C. 20549 Form 10-K Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended May 31, 2023 Commission File No. 000-19860 Scholastic Corporation (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Address of principal executive offices) (Zip Code) Delaware 13-3385513 (IRS Employer Identification No.) Registrant's telephone number ...

Scholastic Corporation (NASDAQ:SCHL) Q4 2023 Earnings Call Transcript July 20, 2023 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 Brendan McCarthy - Sidoti Operator Thank you for standing by, and welcome to today's program entitled Scholastic Reports Fourth Quarter and Fiscal Year 2023 Results. At this time, all participants are in listen-only mode. A ...