Wiley Q2 adj EPS $0.73 (-25% YoY); reaffirms FY outlook; sells University Services for up to $150M

JOHN WILEY & SONS, INC.

2024-Q2 EPS reported -$2.02 revenue$943,821,000

GAAP EPS loss $0.35 vs +$0.68 prior year; includes $52M impairments and $25M restructuring.
Adjusted revenue (ex-divestitures) $407M (-2% cc); Research down 7% on Hindawi pause, Learning up 6%.
Adjusted EBITDA $92M (-13% cc); Adjusted EPS $0.73 (-25% YoY).
Announced sale of University Services for up to $150M plus 10% stake; close expected early 2024.
Reaffirms FY2024 outlook: adj revenue $1.58-1.63B, adj EBITDA $305-330M, adj EPS $2.05-2.40.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

JOHN WILEY & SONS, INC. reported second quarter ended October 31, 2023 results: revenue $493 million, EPS $-0.35 (<$1.03>). Guidance reaffirmed.

Period: second quarter ended October 31, 2023
Revenue: $493 million
EPS: $-0.35 (<$1.03>)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Wiley (NYSE: WLY and WLYB), one of the world's largest publishers and a global leader in research and learning , today reported results for the second quarter ended October 31, 2023. • GAAP Results : Revenue of $493 million (-4%), Operating income of $46 million (-19%), and EPS loss of -$0.35 (-$1.03).

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Source: SEC EDGAR

accession 0000107140-23-000237

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