secwatch.observer — SEC 8-K summary
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Issuer:     SCHOLASTIC CORP (SCHL)
CIK:        0000866729
Form:       8-K
Filed at:   2022-07-21T23:59:59+00:00
Accession:  0000866729-22-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scholastic posts 28% revenue growth in Q4, raises dividend 33%; guides FY23 rev up 8-10%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866729/000086672922000014/0000866729-22-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866729/000086672922000014/schl-20220721.htm
  HTML page:      https://secwatch.observer/filing/0000866729-22-000014

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