Wiley Reports First Quarter Fiscal 2020 Results
John Wiley & Sons, Inc. (JW.A)
Last john wiley & sons, inc. earnings: 3/4 08:00 am
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Source: Business Wire
HOBOKEN, N.J.--(BUSINESS WIRE)--John Wiley & Sons, Inc. (NYSE:JWA)(NYSE:JWB), a global research and education company, today announced results for the first quarter ended July 31, 2019.GAAP results: Revenue of $424 million (higher by $13 million, +3%), EPS of $0.06 (lower by $0.39 including a net restructuring charge impact of -$0.22) and Net Cash Used in Operating Activities of $94 million (improved $51 million)Adjusted results excluding FX: Revenue +5% (+0.5% excluding acquisitions), EBITDA -18%, and EPS -53%Free Cash Flow improvement of $45 million primarily driven by the timing of journal cash collectionsAcquisition of Zyante (zyBooks) further positions Wiley as a leader in the fast-growing digital courseware market for computing and STEMMANAGEMENT COMMENTARY“Our Research and Education Services segments demonstrated strong momentum in the first quarter,” said Brian Napack, Wiley’s President and CEO. “Softness in Education Publishing & Professional Learning revenue, in a season
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