secwatch.observer — SEC 8-K summary
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Issuer:     SCHOLASTIC CORP (SCHL)
CIK:        0000866729
Form:       8-K
Filed at:   2022-03-17T23:59:59+00:00
Accession:  0000866729-22-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scholastic Q3 revenue up 24% to $344.5M; book fairs surge 181%; adjusted operating loss widens
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- Revenue $344.5M (+24% YoY); operating loss improved to $(19.5)M from $(24.2)M; adjusted operating loss widened to $(16.7)M.
- Book Fairs revenue surged 181% to $76.0M; fair count at ~70% of pre-pandemic levels with higher revenue per fair.
- Education Solutions revenue +16% to $77.2M, driven by $5.7M from New Worlds Reading Initiative and core instructional sales.
- Free cash flow $23.4M vs $5.5M prior year; net cash $295.2M; dividend unchanged at $0.15/share.
- Outlook: Q4 peak season for Education Solutions; expects cost pressures from inflation, logistics, fuel; share repurchases ongoing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866729/000086672922000007/0000866729-22-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866729/000086672922000007/schl-20220317.htm
  HTML page:      https://secwatch.observer/filing/0000866729-22-000007

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