earnings
confidence high
sentiment positive
materiality 0.75
Scholastic posts 28% revenue growth in Q4, raises dividend 33%; guides FY23 rev up 8-10%
SCHOLASTIC CORP
2022-FY EPS reported
$2.27
revenue$1,642,900,000
- Q4 revenue $514.4M (+28% YoY), operating income $65.5M vs $9.7M; Adjusted EBITDA $88.5M.
- Full-year FY22 revenue $1.64B (+26%), operating income $97.4M vs loss of $22.7M; free cash flow $182.8M.
- Dividend raised 33% to $0.20/share, payable Sept 15, 2022 to holders of record Aug 31, 2022.
- FY23 outlook: revenue +8-10%, Adjusted EBITDA target $195M-$205M, up from $188.9M in FY22.
- Book Fairs revenue jumped $85.1M on high rev-per-fair; Education Solutions up $31.9M driven by ESSER funding.