John Wiley & Sons(WLY)2024-06-26 19:48Revenue Breakdown - Research revenue accounted for approximately 56% of consolidated revenue for the year ended April 30, 2024, with a 31.8% Adjusted EBITDA margin[5]. - Approximately 96% of Research revenue is generated by digital and online products and services for fiscal year 2024[5]. - Learning segment accounted for approximately 31% of consolidated revenue for the year ended April 30, 2024, with a 34.9% Adjusted EBITDA margin[13]. - Approximately 59% of Learning revenue is derived from digital and online products and services for fiscal year 2024[13]. Company Performance - The company recorded a net loss of 17.233 million in 2023[979]. - Total revenue for 2024 was 2,019,900 in 2023[6]. - Net loss for 2024 was 17,233 in 2023, representing a significant decline[6]. - Operating income for 2024 was 55,890 in 2023, indicating a decrease of 11.8%[6]. - Comprehensive loss, net of tax for the year ending April 30, 2024, was 130,953,000 in 2022[985]. Financial Position - Total current assets decreased to 541,279 in April 2023, a decline of 16.1%[4]. - Total assets decreased to 3,108,810 in April 2023, a reduction of 12.3%[4]. - Total liabilities decreased to 2,063,783 in April 2023, a decrease of 3.8%[4]. - Cash and cash equivalents decreased to 106,714 in April 2023, a decline of 22.0%[4]. - Accounts receivable decreased to 310,121 in April 2023, a decrease of 27.7%[4]. Stock and Dividends - Class A common stock dividends for the year ending April 30, 2024, were (64,584,000)[985]. - Class B common stock dividends for the year ending April 30, 2024, were (12,622,000)[985]. - Stock-based compensation expense for the year ending April 30, 2024, was 26,703,000 in 2022[985]. Restructuring and Divestitures - The company completed the sale of University Services on January 1, 2024, which previously provided education technology and support services[23]. - The company plans to divest non-core businesses, including University Services and Wiley Edge, with expected completion dates in 2024 and 2025[1017]. - The Company is reducing real estate square footage occupancy by approximately 13% as part of its Global Restructuring Program[1096]. - Total restructuring and related charges for the year ended April 30, 2024, amounted to 48.9 million for the previous year[1097]. Environmental Sustainability - The company is committed to environmental sustainability, focusing on reducing greenhouse gas emissions and enhancing environmental stewardship[29]. - The company is focused on sustainable publishing practices and aims to reduce print production and consumption through digital adoption and print-on-demand models[55]. - The company’s environmental strategy includes optimizing resource use and engaging suppliers to meet high sustainability standards[55]. Impairments and Losses - The company reported an impairment of goodwill of 99,800 in 2023[6]. - The impairment of goodwill amounted to 183.4 million[1011]. Future Projections - The total revenue forecast for fiscal year 2025 is projected at 15.887 billion from the US and 498.6 million, with $458.4 million expected to be recognized in the next twelve months[1082].