secwatch.observer — SEC 8-K summary
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Issuer:     JOHN WILEY & SONS, INC. (WLY)
CIK:        0000107140
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0000107140-23-000237
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/107140/000010714023000237/0000107140-23-000237-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/107140/000010714023000237/jwa-20231206.htm
  HTML page:      https://secwatch.observer/filing/0000107140-23-000237

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