secwatch.observer — SEC 8-K summary
======================================

Issuer:     JOHN WILEY & SONS, INC. (WLY)
CIK:        0000107140
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0000107140-24-000026
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wiley Q3 2024: GAAP revenue $461M (-6%), adjusted EPS $0.59 (-27%), raises full-year outlook
--------------------------------------------------------------------------------

- GAAP operating loss of $46M and EPS loss of $2.08, hurt by $82M goodwill impairment and $26M divestiture loss.
- Adjusted revenue (ex-divestitures) $403M (+1% constant currency); Adjusted EBITDA $92M (+1%).
- Learning segment revenue $146M (+2%), Adjusted EBITDA $51M (+16%); Research revenue flat at constant currency.
- FY2024 guidance raised: Adj. EBITDA now $335-355M (was $305-330M), Adj. EPS $2.45-2.65 (was $2.05-2.40).
- Year-to-date free cash flow use of $45M; expects ~$100M for full year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/107140/000010714024000026/0000107140-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/107140/000010714024000026/jwa-20240307.htm
  HTML page:      https://secwatch.observer/filing/0000107140-24-000026

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