secwatch.observer — SEC 8-K summary
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Issuer:     SCHOLASTIC CORP (SCHL)
CIK:        0000866729
Form:       8-K
Filed at:   2022-09-22T23:59:59+00:00
Accession:  0000866729-22-000020
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scholastic Q1 FY2023 revenue up 1% to $262.9M; operating loss widens to $58.1M; FY guidance reaffirmed
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- Revenue $262.9M, +1.2% YoY; operating loss ($58.1M) vs ($32.0M) year ago.
- Adjusted EBITDA loss of $35.6M vs $13.0M; driven by lower Education Solutions sales and higher freight costs.
- Education Solutions revenue down $6.9M to $73.2M; Book Fairs up $12.3M to $28.3M on reward redemptions.
- Affirms FY2023 guidance: revenue growth 8-10%, Adjusted EBITDA $195M-$205M.
- Acquired Learning Ovations (A2i) post-quarter; paid $5.1M dividends, $5.7M share repurchases.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866729/000086672922000020/0000866729-22-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866729/000086672922000020/schl-20220922.htm
  HTML page:      https://secwatch.observer/filing/0000866729-22-000020

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