secwatch.observer — SEC 8-K summary
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Issuer:     JOHN WILEY & SONS, INC. (WLY)
CIK:        0000107140
Form:       8-K
Filed at:   2023-03-09T23:59:59+00:00
Accession:  0000107140-23-000032
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/107140/000010714023000032/0000107140-23-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/107140/000010714023000032/jwa-20230309.htm
  HTML page:      https://secwatch.observer/filing/0000107140-23-000032

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