Financial Data and Key Metrics Changes - In fiscal year '22, the company achieved over $2 billion in annual revenue for the first time, marking a significant milestone in its 215-year history [5][6] - Adjusted EBITDA rose by 3% and adjusted EPS increased by 4%, despite challenges in certain segments [13] - Free cash flow for the year was $223 million, down $34 million from the previous year, primarily due to one-time items [44][45] Business Line Data and Key Metrics Changes - Research segment revenue increased by 9% or 5% organic, with adjusted EBITDA up 10% [34] - Academic & Professional Learning (APL) revenue was up 1% for the year, with professional learning growth offsetting declines in Education Publishing [38] - Corporate talent development saw a remarkable 70% revenue growth, driven by new client signings and upskilling programs [25][40] Market Data and Key Metrics Changes - University enrollment was down over 4% in spring, impacting demand for Education programs [20] - The company noted a challenging enrollment cycle across higher education, with a decline in university services revenue [20][43] - Despite these challenges, the long-term outlook for online higher education remains positive, with expected growth in corporate talent development [21] Company Strategy and Development Direction - The company aims to lead in two key trends: the growth of open scientific research and the drive for career-connected education [8][9] - Strategic focus areas include expanding Research Solutions and enhancing corporate talent development capabilities [60][61] - The company plans to simplify operations and improve efficiency to enhance profitability and margin expansion [60][62] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of geopolitical issues and inflation on the business but expressed confidence in the company's resilience [11][31] - The company expects solid revenue growth to continue in FY '23, driven by strong market fundamentals [59][64] - Management is committed to maintaining a disciplined approach to capital allocation while focusing on growth opportunities [79] Other Important Information - The company has been recognized as the most trusted company in media according to a Newsweek survey [7] - The company is committed to achieving carbon-neutral certification and has made significant progress in its ESG efforts [28] Q&A Session Summary Question: What are the implied EBITDA margins for fiscal '23 across segments? - Management refrained from providing specific segment information due to significant currency impacts but acknowledged the challenges [69] Question: What specific investments are being made in Research and talent development? - The company is focusing investments on areas with clear growth and profit opportunities, particularly in Research Publishing and corporate talent development [70][71] Question: Is there an upfront spend associated with new partnerships in talent development? - New client additions do not typically require significant upfront investment, as the business is cash-generative [74][75] Question: Are mid-teens margins still achievable in the Ed Services segment? - The company confirmed that mid-teens margins are currently being achieved in the services part of the business, despite recent cyclical challenges [76] Question: What is the focus on capital allocation and leverage? - The company is comfortable with its current leverage and is committed to balancing internal investments with returning capital to shareholders [77][78]

WILEY ENABLING DISCOVERY | POWERING EDUCATION | SHAPING WORKFORCES Fourth Quarter and Fiscal 2022 Earnings Review Brian Napack, President and CEO Christina Van Tassell, EVP and CFO June 15, 2022 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 fo ...

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 January 31, 2022 OR ☐ 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 (State or other jurisdic ...

John Wiley & Sons, Inc. (JW.A) Q3 2022 Earnings Conference Call March 8, 2022 10:00 AM ET Company Participants Brian Campbell - Vice President of Investor Relations Brian Napack - President and Chief Executive Officer Christina Van Tassell - Executive Vice President and Chief Financial Officer Conference Call Participants Daniel Moore - CJS Securities Operator Good morning. My name is Rob, and I will be your conference operator today. At this time, I would like to welcome everyone to the Wiley’s Third Quart ...

WILEY ENABLING DISCOVERY | POWERING EDUCATION | SHAPING WORKFORCES Third Quarter Fiscal 2022 Earnings Review March 8, 2022 | --- | --- | --- | --- | --- | --- | |-----------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Wiley unlocks human | | | | | | | potential by powering discovery and learning | | | | | | | | | | | | | | | | | | | | | | | | | | | Consistent strategies aligned with seismic ...

John Wiley & Sons, Inc. (JW.A) Q2 2022 Earnings Conference Call December 8, 2021 10:00 AM ET Company Participants Brian Campbell – Vice President of Investor Relations Brian Napack – President and CEO John Kritzmacher – Public Company Director Christina Van Tassell – Chief Financial Officer Conference Call Participants Daniel Moore – CJS Securities Operator Good day and thank you for standing by. Welcome to the Wiley's Second Quarter 2022 earnings conference call. At this time, all participants are in a li ...

Financial Performance - Consolidated revenue for the three months ended October 31, 2021 was $533 million, representing a 9% increase compared to the prior year[141] - Adjusted EBITDA for the same period was $127 million, reflecting a 7% increase year-over-year[141] - Total revenue for the six months ended October 31, 2021, increased by $99.1 million, or 11%, reaching $1.0 billion[180] - For the six months ended October 31, 2021, the company reported a Non-GAAP Adjusted EBITDA of $222.4 million, an increase from $202.0 million in the prior year, representing a growth of approximately 10%[189] - Revenue from Research Publishing & Platforms increased by $57.8 million, or 12%, to $549.9 million for the six months ended October 31, 2021, with a constant currency increase of 10%[204] - The company experienced a 7% increase in total Academic & Professional Learning revenue, reaching $315.8 million, with a constant currency increase of 5%[207] - Education Services revenue increased by $21.8 million, or 16%, compared to the prior year, with a constant currency increase of 14%[212] Expenses and Costs - Cost of sales increased by $19.9 million, or 13%, primarily due to higher employee costs in the Education Services segment[144] - Operating and administrative expenses rose by $17 million, or 7%, driven by increased editorial, advertising, and technology costs[145] - Amortization of intangible assets increased by $4.3 million, or 25%, primarily due to the Hindawi acquisition[148] - Cost of sales for the same period increased by $41.1 million, or 14%, primarily due to higher employee costs in Education Services[182] - Corporate expenses rose by $3.4 million, or 8%, totaling $46.1 million, mainly due to increased employee-related costs[178] - Adjusted EBITDA for Education Services decreased by 35%, totaling $9.5 million, attributed to higher employee-related costs[176] Earnings and Taxation - Diluted EPS for the three months ended October 31, 2021 was $0.99, down from $1.22 in the prior year, largely due to a higher provision for income taxes[160] - The effective tax rate for the three months ended October 31, 2021 was 20.7%, compared to 0.1% in the same period of 2020[159] - The diluted EPS for the six months ended October 31, 2021, was $1.24, down from $1.51 in the prior year, primarily due to a higher provision for income taxes[200] - The US GAAP effective tax rate for the six months ended October 31, 2021, was 39.1%, significantly higher than 13.7% in the prior year, influenced by an increase in the UK statutory tax rate[197] - The US GAAP effective tax rate for the fiscal year 2021 was 39.1%, while the non-GAAP adjusted effective tax rate was 21.6%[222] Acquisitions and Investments - The company completed the acquisition of certain assets of J&J Editorial Services, LLC for $12 million on October 1, 2021, enhancing its Partner Solutions offerings[141] - Amortization of intangible assets increased by $8.6 million, or 25%, totaling $42.6 million, mainly due to the Hindawi acquisition[185] - The company experienced a net cash used in investing activities of $62.6 million for the six months ended October 31, 2021, primarily due to acquisitions and product development spending[240] Future Outlook - For Fiscal Year 2022, the company expects revenue between $2.07 billion and $2.1 billion, reflecting mid-to-high single-digit growth[218] - Adjusted EBITDA outlook for Fiscal Year 2022 is projected between $415 million and $435 million, with profit gains tempered by growth investments[218] - Adjusted EPS is expected to range from $4.00 to $4.25, excluding non-cash amortization of acquired intangible assets totaling $1.20 per share[218] - Free Cash Flow is anticipated to be between $200 million and $220 million, facing headwinds from higher capital expenditures and taxes[218] Shareholder Actions - Wiley increased its quarterly dividend to shareholders to $1.38 per share annualized, up from $1.37 per share annualized[243] - For the six months ended October 31, 2021, Wiley repurchased 312,000 shares of Class A and 1,000 shares of Class B common stock at an average price of $55.51[243] Cash Flow and Debt - As of October 31, 2021, the company had cash and cash equivalents of $100.9 million, with approximately 95% located outside the US[227] - The company had approximately $1,045.0 million of debt outstanding as of October 31, 2021, with $435.3 million of unused borrowing capacity under its credit facilities[229] - Net cash used in operating activities for the six months ended October 31, 2021, was $(75.6) million, a slight improvement from $(76.6) million in the prior year[231] - Net cash provided by financing activities increased to $147.0 million for the six months ended October 31, 2021, compared to $18.6 million in the same period of the previous year[242] Market and Customer Insights - Subscription agents account for approximately 20% of total annual consolidated revenue, with no single group accounting for more than 10%[254] - The top 10 book customers account for approximately 13% of total consolidated revenue and approximately 29% of accounts receivable at October 31, 2021[255] - Many customers have been adversely impacted by COVID-19, leading to expected delays in payments due to cash conservation behaviors[256]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☐ 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 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURIT ...

John Wiley & Sons, Inc. (JW.A) Q1 2022 Earnings Conference Call September 2, 2021 10:00 AM ET Company Participants Brian Campbell - Vice President of Investor Relations Brian Napack - President and Chief Executive Officer John Kritzmacher - Executive Vice President and Chief Financial Officer Conference Call Participants Daniel Moore - CJS Securities Greg Pendy - Sidoti Operator Good morning, and welcome to Wiley's First Quarter Fiscal 2022 Earnings Call. As a reminder, this conference is being recorded. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: April 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 001-11507 JOHN WILEY & SONS, INC. (Exact name of Registrant as specified in its charter) | New York | 13-5593032 | | --- ...