secwatch.observer — SEC 8-K summary
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Issuer:     JOHN WILEY & SONS, INC. (WLY)
CIK:        0000107140
Form:       8-K
Filed at:   2023-06-15T23:59:59+00:00
Accession:  0000107140-23-000083
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wiley Q4 adj EPS $1.45; to divest non-core education units; FY24 guidance lower
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- Q4 GAAP EPS $1.22, Adjusted EPS $1.45 (+32% constant currency); full year GAAP EPS $0.31 (incl. $100M goodwill impairment).
- Full year adjusted revenue $2,020M (flat constant currency); adjusted EBITDA $422M (-2%); adjusted EPS $3.84 (-8%).
- Plans to divest University Services, Wiley Edge, CrossKnowledge; collectively $393M revenue, $43M adj EBITDA in FY23.
- FY2024 outlook (ex-divestitures): revenue $1,580-1,630M, adj EBITDA $305-330M, adj EPS $2.05-2.40.
- Hindawi disruption: suspended special issues, closed 4 journals, retracted over 1,700 articles.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/107140/000010714023000083/0000107140-23-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/107140/000010714023000083/jwa-20230615.htm
  HTML page:      https://secwatch.observer/filing/0000107140-23-000083

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