secwatch.observer — SEC 8-K summary
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Issuer:     JOHN WILEY & SONS, INC. (WLY)
CIK:        0000107140
Form:       8-K
Filed at:   2023-09-01T23:59:59+00:00
Accession:  0000107140-23-000163
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wiley reorganizes segments; FY23 Research rev $1.08B, Learning $546M, divesting non-core
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- New segments: Research (unchanged), Learning (Academic + Professional), Held for Sale or Sold (University Services, Wiley Edge, CrossKnowledge).
- FY23 consolidated revenue $2.02B (-3% YoY); adjusted revenue (ex-Held for Sale) $1.63B.
- FY23 non-GAAP adjusted EPS $3.48 vs $3.75 in FY22, down 7%.
- Research contribution profit $282M, adjusted EBITDA $377M; Learning contribution profit $92M.
- Held for Sale segment had negative contribution profit of $109M including $100M goodwill impairment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/107140/000010714023000163/0000107140-23-000163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/107140/000010714023000163/jwa-20230901.htm
  HTML page:      https://secwatch.observer/filing/0000107140-23-000163

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