secwatch.observer — SEC 8-K summary
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Issuer:     SCHOLASTIC CORP (SCHL)
CIK:        0000866729
Form:       8-K
Filed at:   2022-12-15T23:59:59+00:00
Accession:  0000866729-22-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scholastic Q2 revenue up 12% to $587.9M; Book Fairs surge; repurchase authorization raised to $75M
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- Revenue $587.9M (+12% YoY); operating income $100.1M (+20%); adjusted EBITDA $122.3M (+14%).
- Children's Books segment revenue $418.3M, up $65.8M; Book Fairs revenue $240.8M, fair count at 85% of pre-pandemic.
- Education Solutions revenue $80.0M flat; operating income down $8.6M on strategic investments.
- Share repurchase authorization increased to $75M; YTD repurchases $31.1M, including Dutch tender.
- FY 2023 guidance affirmed: adjusted EBITDA $195M-$205M, revenue growth 8%-10%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866729/000086672922000027/0000866729-22-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866729/000086672922000027/schl-20221215.htm
  HTML page:      https://secwatch.observer/filing/0000866729-22-000027

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