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, 2021 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 ...

ADD COVER IMAGE HERE First Quarter FY 2022 Earnings Call Presentation Thursday, September 23, 2021 Forward-Looking Statements This presentation contains certain forward-looking statements. Such forward-looking statements are subject to various risks and uncertainties, including those arising from the continuing impact of COVID-19 related measures taken by governmental authorities, school administrators, or suppliers or customers which may curtail or otherwise adversely affect certain of the Company's busine ...

Financial Data and Key Metrics Changes - Revenue for Q1 fiscal 2022 increased by 21% compared to the prior year, reaching $259.8 million, up from $215.2 million [10][32] - The operating loss improved to $36.2 million from $45 million in the prior period, reflecting a reduction of 44% [10][32] - Adjusted EBITDA loss decreased to $13 million from $15.9 million year-over-year [32] - Free cash flow turned positive at $49.1 million compared to a cash outflow of $34.9 million in the previous year [34] Business Line Data and Key Metrics Changes - Children's Book Publishing and Distribution revenue increased by 25% to $115.8 million, driven by strong sales of series publishing and backlist titles [35] - Education Solutions revenue grew by 49% to $80.1 million, benefiting from increased demand for summer learning offerings and new early childhood programs [37] - International segment revenue decreased by 8% or $5.4 million, primarily due to COVID-related disruptions in Australia and New Zealand [39] Market Data and Key Metrics Changes - Book Clubs and book fairs saw increased engagement and revenue per fair, indicating a recovery in school distribution channels [14][36] - The trade channel maintained strong performance with 19 titles on the New York Times best-seller list, indicating robust market demand [42] Company Strategy and Development Direction - The company is focused on leveraging its intellectual property and expanding its digital product offerings to meet evolving customer needs [19][23] - Strategic growth initiatives include enhancing connections with parents and educators, as well as diversifying supplier bases to mitigate supply chain challenges [43][27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the fall season, noting strong demand from educators and schools returning to in-person learning [26][41] - The company anticipates ongoing challenges from labor shortages and supply chain issues but believes cost-saving measures will help mitigate these effects [27][51] Other Important Information - The company received a federal tax refund of $63.1 million and an insurance settlement of $6.6 million, contributing to positive cash flow [50] - A new Board member, Verdell Walker, was welcomed, bringing expertise in children's content creation [28] Q&A Session Summary Question: What are the expectations for the upcoming quarters? - Management indicated that while the second and third quarters typically see lower sales volumes for Education Solutions, strong demand is expected to continue as schools return to normal operations [48] Question: How is the company addressing supply chain challenges? - The company is diversifying its supplier base and planning manufacturing activities based on available paper supplies to meet increased demand [43] Question: What is the outlook for international markets? - The company expects ongoing effects from the pandemic in Australia and New Zealand but anticipates recovery as restrictions lift [24][49]

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, 2021 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) 557 Broadway New York, New York 10012 (Address of principal executive offices) (Zip Code) (IRS Employer Identificat ...

Scholastic Corporation (NASDAQ:SCHL) Q4 2021 Earnings Conference Call July 22, 2021 4:30 PM ET Company Participants Gil Dickoff - Senior Vice President, Treasurer and Head, Investor Relations James Barge - Lead Independent Director Iole Lucchese - Chairman, President and Chief Strategy Officer Ken Cleary - Chief Financial Officer Peter Warwick - President and Chief Executive Officer Operator Good day and thank you for standing by. Welcome to Scholastic Reports Q4 and Fiscal Year 2021 Results Conference Call ...

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 28, 2021 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 ...

ADD COVER IMAGE HERE Art © Dav Pilkey. DOG MAN ™/® Dav Pilkey Thursday, March 18, 2021 Third Quarter FY 2021 Earnings Call Presentation Forward-Looking Statements This presentation contains certain forward-looking statements. Such forward-looking statements are subject to various risks and uncertainties, including those arising from the continuing impact of COVID-19 related measures taken by governmental authorities, school administrators, or suppliers or customers which may curtail or otherwise adversely a ...

Scholastic Corporation (NASDAQ:SCHL) Q3 2021 Results Earnings Conference Call March 18, 2021 4:30 PM ET Company Participants Gil Dickoff - Senior Vice President and Treasurer Dick Robinson - Chairman, President and CEO Ken Cleary - Chief Financial Officer Conference Call Participants Operator Ladies and gentlemen, thank you for standing by. And welcome to Scholastic Third Quarter Fiscal Year 2021 Financial Results Conference Call. At this time, all participant lines are in a listen-only mode. Please be advi ...

Financial Data and Key Metrics Changes - Second quarter revenue was $406.2 million, a decrease of 32% compared to $597.2 million last year due to lower sales in school distribution channels, particularly fairs from COVID-related disruptions [13][35] - Operating income in the second quarter was $54.3 million versus $107 million last year, with net income at $39.4 million compared to $72.4 million last year [37] - Free cash flow for the quarter was $30.9 million compared to $87.7 million last year, reflecting a significant decline [13][37] - The company achieved over $100 million in cost savings, with SG&A expenses reduced by 35% year-over-year [27][47] Business Line Data and Key Metrics Changes - Children's Book Publishing and Distribution segment revenues fell to $240.3 million, down $173.3 million compared to the year-ago quarter, primarily due to the decline in fairs [42] - Trade revenues increased by 21% year-over-year, driven by demand for popular titles [14][42] - Education segment revenue was $67.5 million, down by just 3%, with digital revenues increasing by 30% and bookings up by 43% [23][43] - International segment revenues were $98.4 million, down 13% from last year, but operating income improved due to cost mitigation efforts [26][45] Market Data and Key Metrics Changes - The company noted that almost all U.S. schools struggled with schedule changes and different modes of learning, impacting the ability to run in-person book fairs [7] - There is cautious optimism for improved performance in fairs as more schools commit to in-person learning [9][22] - The COVID relief bill being finalized includes federal funding for schools, which could provide significant support for the company's operations [19] Company Strategy and Development Direction - The company is focused on reducing operating costs and streamlining its operational structure while investing in growth areas linked to literacy [27][28] - A new Education Solutions Group is being established to unify efforts in supporting literacy instruction and reading achievement [29][30] - The company aims to capitalize on growth opportunities as U.S. schools stabilize and focus on in-person learning [33] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the return of in-person learning and its positive impact on the fairs business [48] - The company is not providing a financial outlook for fiscal 2021 due to uncertainties from the pandemic but expects to improve operating results in the second half of the fiscal year [13][32] - There is a strong pipeline of new releases expected to drive trade sales in the second half of the fiscal year [51] Other Important Information - The company has improved its balance sheet, with cash and cash equivalents exceeding total debt by $161.8 million [38] - Capital expenditures in the second quarter totaled $15.2 million, focused on technology platforms and digital products [39] Q&A Session Summary Question: Can you talk about how fiscal 2Q progressed and expectations for fiscal 3Q? - Management noted that bookings for fairs increased late in the quarter but were impacted by rising COVID cases leading to cancellations [60] - There is an expectation for increased bookings in January and February for the fourth quarter [61][63] Question: How did the Clubs business perform in the latter part of the quarter? - Clubs business saw improved performance in October and November, aligning with prior year levels, but December was slower due to shipping challenges [68] Question: Can trade grow in the second half of fiscal 2021? - Management indicated that trade is expected to maintain momentum, with a strong release pipeline, although facing tough comparisons from the previous year [70] Question: How sustainable are the $100 million in cost savings? - Approximately half of the cost savings are expected to be sustainable, with ongoing efforts to optimize distribution and reduce operational costs [74][76]

ADD COVER IMAGE HERE Art © Dav Pilkey. DOG MAN ™/® Dav Pilkey Second Quarter FY 2021 Earnings Call Presentation Thursday, December 17, 2020 Forward-Looking Statements This presentation contains certain forward-looking statements. Such forward-looking statements are subject to various risks and uncertainties, including those arising from the continuing impact of COVID-19 related measures taken by governmental authorities, school administrators, or suppliers or other business providers which may curtail or ot ...