secwatch.observer — SEC 8-K summary
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Issuer:     JOHN WILEY & SONS, INC. (WLY)
CIK:        0000107140
Form:       8-K
Filed at:   2024-06-13T23:59:59+00:00
Accession:  0000107140-24-000104
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wiley exceeds FY24 earnings guidance; FY25 outlook signals growth with GenAI momentum
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- FY24 reported Adj EBITDA of $369M (guidance exceeded), Adj EPS $2.78 (vs prior $2.78? actually -19% YoY but above guidance). Adj Revenue $1,617M, within higher end of range.
- FY25 outlook: Adj Revenue $1,650-1,690M, Adj EBITDA $385-410M, Adj EPS $3.25-3.60, FCF ~$125M.
- GenAI content rights project completed Q4 with large tech company worth $23M; another executed project to be realized in FY25.
- Value Creation Plan: 2 of 3 non-core divestitures closed; $90M of $130M run-rate cost savings actioned; net debt-to-EBITDA 1.7x.
- Q4 adjusted results: Revenue +4% CC to $441M, Adj EBITDA +7% CC to $125M, Adj EPS +2% CC to $1.21.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/107140/000010714024000104/0000107140-24-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/107140/000010714024000104/jwa-20240613.htm
  HTML page:      https://secwatch.observer/filing/0000107140-24-000104

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