Wiley Q1 GAAP loss $1.67/share; revenue down 7% to $451M; reaffirms FY2024 outlook

JOHN WILEY & SONS, INC.

2024-Q1 EPS reported -$1.67 revenue$451,013,000

GAAP EPS loss of $1.67 vs loss of $0.32 prior year; non-cash impairment charges of $103M.
Adjusted revenue (ex-divestitures) $367M, down 8%; adjusted EPS $0.27, down 37%.
Research revenue $258M, down 6% due to Hindawi publishing pause; ex-Hindawi flat.
Learning revenue $109M, down 9%; adjusted EBITDA margin improved to 19.4%.
Reaffirms FY2024 adj. revenue $1.58-$1.63B, adj. EPS $2.05-$2.40; expects margin improvement in FY2025-26.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

JOHN WILEY & SONS, INC. reported the first quarter ended July 31, 2023 results: revenue $451 million, EPS -$1.67. Guidance reaffirmed.

Period: the first quarter ended July 31, 2023
Revenue: $451 million
EPS: -$1.67
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Wiley Reports First Quarter 2024 Results September 7, 2023 - Hoboken, NJ – Wiley (NYSE: WLY and WLYB), a global knowledge company and a leader in research, publishing, and knowledge solutions today reported results for the first quarter ended July 31, 2023. • GAAP Results : Revenue of $451 million (-7%), Operating loss of -$16 million (+4%), and EPS loss of -$1.67 (-$1.35).

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Source: SEC EDGAR

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