Wiley reports Q3 GAAP loss of $1.29/share; cuts FY23 outlook on impairment and Hindawi pause

JOHN WILEY & SONS, INC.

2023-Q3 EPS reported -$0.92 revenue$1,493,773,000

GAAP revenue $491M (-5%); operating loss $67M vs +$46M prior year; includes $100M goodwill impairment.
Adjusted EPS $0.85 (-9% constant currency); Adj EBITDA $98M (-3%).
Reduced FY23 guidance: Revenue now $2,065-2,090M (prev $2,110-2,150M); Adj EPS $3.30-3.55 (prev $3.70-4.05).
Research -4%, Academic -11%, Talent +13%; Hindawi publishing pause hurt Research segment revenue by $9M.
Accelerating simplification and optimization efforts to drive margin improvement.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

JOHN WILEY & SONS, INC. reported third quarter ended January 31, 2023 results: revenue $491 million, net income Operating loss of $67 million, EPS EPS loss of $1.29. Guidance lowered.

Period: third quarter ended January 31, 2023
Revenue: $491 million
Net income: Operating loss of $67 million
EPS: EPS loss of $1.29
Guidance: lowered
Result: reported results

Exact text from the filing

and a global leader in scientific research and career-connected education, today announced results for the third quarter ended January 31, 2023. • GAAP Results : Revenue of $491 million (-5% vs. prior year), Operating loss of $67 million (-$113M vs. prior year), and EPS loss of $1.29 (-$1.92 vs. prior year). Losses primarily due to non-cash goodwill impairment

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Source: SEC EDGAR

accession 0000107140-23-000032

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