secwatch.observer — SEC 8-K summary
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Issuer:     JOHN WILEY & SONS, INC. (WLY)
CIK:        0000107140
Form:       8-K
Filed at:   2022-12-07T23:59:59+00:00
Accession:  0000107140-22-000092
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wiley Q2 revenue $515M (-3% YoY); lowers FY23 revenue guidance on consumer/enrollment headwinds
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- GAAP EPS $0.68 (-31% YoY); Adjusted EPS $1.20 (-13% at cc).
- Revenue fell 3% as reported; constant-currency revenue up 1%. Academic & Professional Learning segment declined 10% cc.
- FY23 revenue guidance reduced to $2.11B-$2.15B (from $2.175B-$2.215B); reaffirms Adj. EBITDA $425M-$450M and FCF $210M-$235M.
- Adjusted EPS trending to lower end of $3.70-$4.05 range due to rising interest expense.
- Restructuring charge of $14M ($0.19/share) for workforce and real estate actions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/107140/000010714022000092/0000107140-22-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/107140/000010714022000092/jwa-20221207.htm
  HTML page:      https://secwatch.observer/filing/0000107140-22-000092

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer