Financial Data and Key Metrics Changes - Adjusted revenue increased by 4% to $441 million in Q4, driven by growth in Learning and the GenAI content rights project [29] - Adjusted EBITDA rose by 7% to $125 million, with a Q4 adjusted EBITDA margin of 28.3% [29][15] - Full-year adjusted revenue declined modestly to $1.617 billion, with adjusted EBITDA down 3% to $369 million [31] - Adjusted EPS decreased by 19% due to lower operating income and higher interest and tax expenses [31] - Free cash flow was $114 million, down from $173 million in the prior year [31][64] Business Line Data and Key Metrics Changes - Research revenue decreased by 3% due to timing and lower ancillary print and licensing revenue [52] - Learning revenue rose by 22% in Q4, driven by strong growth in digital content and courseware [54] - Adjusted EBITDA in Learning for the quarter increased by 54%, with a Q4 adjusted EBITDA margin of 43.5% [55] Market Data and Key Metrics Changes - Article submissions growth in Research rose to 15% on a trailing 12-month basis, with strong performance in China and India [32][74] - US undergrad enrollment increased by 1.2% in the fall and 2.5% in the spring, indicating a positive trend in the higher education market [54] Company Strategy and Development Direction - The company is focused on executing its value creation plan, which includes divestitures and cost savings [11][68] - Investments are being made in GenAI growth and productivity initiatives, including optimizing content for LLM deployment [47] - The company aims to modernize its systems to improve speed, decision-making, and productivity [48] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's direction and momentum heading into fiscal '25, with expectations for revenue growth and margin expansion [68] - The company anticipates full-year revenue of $1.65 billion to $1.69 billion for fiscal '25, driven by low- to mid-single digit growth in Research and low-single digit growth in Learning [58] Other Important Information - The company has executed two significant GenAI content rights projects, with a $23 million deal recognized in fiscal '24 and a $21 million deal expected in fiscal '25 [20][58] - The company has accelerated its cost-saving program, achieving $60 million in savings against an initial target of $30 million [16][44] Q&A Session Summary Question: Momentum in Research article submissions - Management noted a 15% growth in article submissions, with strong performance in China and India, and a rebound in mature markets like the US and Europe [72][74] Question: AI tools and processes post-Hindawi - Management discussed the deployment of AI tools to enhance research integrity and the proactive measures taken to prevent future issues [75][76] Question: Future AI licensing opportunities - Management indicated that they are at the beginning of a wave of AI opportunities, with significant interest from tech companies, and are cautious in structuring deals to protect future rights [80][81] Question: Cost savings and reinvestment - Management confirmed that approximately $40 million of the remaining $130 million cost savings will be realized in fiscal '25, with a focus on corporate optimization and technology reductions [86] Question: Capital allocation and share buybacks - Management stated that they will continue to respond to capital deployment opportunities and have increased share repurchases, with plans to monitor stock price volatility [93]

Wiley Reports Fourth Quarter and Fiscal Year 2024 Results Exceeds FY24 earnings guidance and reports confident FY25 outlook and GenAI momentum June 13, 2024 - Hoboken, NJ – Wiley (NYSE: WLY) today reported results for the fourth quarter and fiscal year ended April 30, 2024. HIGHLIGHTS MANAGEMENT COMMENTARY "We finished the year strong and head into Fiscal 2025 with full confidence in our Research trajectory, GenAI momentum, and profit and performance outlook," said Matthew Kissner, Interim President and CEO ...

WILEY Fourth Quarter and Fiscal 2024 Earnings Review June 13, 2024 SAFE HARBOR STATEMENT This presentation contains certain forward-looking statements concerning the Company's operations, performance, and financial condition. Reliance should not be placed on forward-looking statements, as actual results may differ materially from those in any forward-looking statements. Any such forward-looking statements are based upon a number of assumptions and estimates that are inherently subject to uncertainties and c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____ to _____ Commission File No. 001-11507 JOHN WILEY & SONS, INC. (Exact name of Registrant as specified in its charter) | New York | 13-5593032 | | --- | --- | | (S ...

WILEY Third Quarter Fiscal 2024 Earnings Review March 7, 2024 SAFE HARBOR STATEMENT This presentation contains certain forward-looking statements concerning the Company's operations, performance, and financial condition. Reliance should not be placed on forward-looking statements, as actual results may differ materially from those in any forward-looking statements. Any such forward- looking statements are based upon many assumptions and estimates that are inherently subject to uncertainties and contingencie ...

Wiley Reports Third Quarter 2024 Results March 7, 2024 - Hoboken, NJ – Wiley (NYSE: WLY and WLYB), one of the world's largest publishers and a global leader in research and learning, today reported results for the third quarter ended January 31, 2024. MANAGEMENT COMMENTARY "As we finish out the year, we're increasingly confident in our underlying momentum and recovery in Research and continued outperformance in Learning," said Matthew Kissner, Interim President and CEO. "We've moved decisively on our improv ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Securities registered pursuant to Section 12(b) of the Act: For the transition period from_____ to _____ Commission File No. 001-11507 JOHN WILEY & SONS, INC. (Exact name of Registrant as specified ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____ to _____ Commission File No. 001-11507 JOHN WILEY & SONS, INC. (Exact name of Registrant as specified in its charter) Former name, former address and former fiscal y ...

John Wiley & Sons, Inc. (NYSE:WLY) Q1 2024 Earnings Call Transcript September 7, 2023 10:00 AM ET Company Participants Brian Campbell - VP of IR Brian Napack - President and CEO Christina Van Tassell - EVP and CFO Conference Call Participants Daniel Moore - CJS Securities Operator Good morning, and welcome to Wiley's First Quarter Fiscal 2024 Earnings Call. As a reminder, this conference is being recorded. At this time, I'd like to introduce Wiley's Vice President of Investor Relations, Brian Campbell. Plea ...

WILEY First Quarter Fiscal 2024 Earnings Review September 7, 2023 SAFE HARBOR STATEMENT This presentation contains certain forward-looking statements concerning the Company's operations, performance, and financial condition. Reliance should not be placed on forward-looking statements, as actual results may differ materially from those in any forward-looking statements. Any such forward- looking statements are based upon many assumptions and estimates that are inherently subject to uncertainties and continge ...