Wiley Reports Third Quarter 2024 Results
John Wiley & Sons, Inc. (WLY)
Company Research
Source: Business Wire
HOBOKEN, N.J.--(BUSINESS WIRE)--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.GAAP Results: Revenue of $461 million (-6%), Operating loss of $46 million (+$21 million), and EPS loss of $2.08 (-$0.79). GAAP revenue decrease due to completed divestiture and declines in other held for sale businesses. GAAP results impacted by charges related to held for sale or sold assets, including goodwill and held for sale impairments of $82 million and $26 million, respectively, as well as a loss on a completed divestiture of $26 million. The Company also recorded restructuring charges of $15 million.Adjusted Results at Constant Currency (excluding Held for Sale or Sold segment results): Adjusted Revenue of $403 million (+1%), Adjusted EBITDA of $92 million (+1%), and Adjusted EPS of $0.59 (-27%).Full Year Outlook:Adjusted Revenue trending toward mid-to-high end o
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- 5/14/24 - Form 4/A
- 5/8/24 - Form 4
- 5/2/24 - Form 4
- WLY's page on the SEC website