secwatch.observer — SEC 8-K summary
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Issuer:     JOHN WILEY & SONS, INC. (WLY)
CIK:        0000107140
Form:       8-K
Filed at:   2023-09-07T23:59:59+00:00
Accession:  0000107140-23-000165
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/107140/000010714023000165/0000107140-23-000165-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/107140/000010714023000165/jwa-20230907.htm
  HTML page:      https://secwatch.observer/filing/0000107140-23-000165

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