---
schema_version: "secwatch.filing_event.v1"
accession: "0000866729-23-000016"
form_type: "8-K"
ticker: "SCHL"
cik: "0000866729"
company_name: "SCHOLASTIC CORP"
filed_at: "2023-07-20T23:59:59+00:00"
generated_at: "2026-06-13T06:01:06.456254+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Scholastic Q4 operating income up 40%; FY2023 meets guidance; buyback boosted $100M

## Summary
- Q4 rev $528.3M (+3% YoY); op income $92.0M (+40%); adj EBITDA $115.0M (+30%).
- FY2023 rev $1.704B (+4%); op income $106.3M (+9%); adj EBITDA $196.3M (+4%) — met/beat revised guidance.
- FY2024 guidance: rev growth 3-5%; adj EBITDA $190-200M (excl $7-10M restructuring charges).
- Board authorized $100M additional share repurchase; returned $161M to shareholders in FY2023.
- Book Fairs rev +12%; Education Solutions op income +20%; International rev down 8% (ex-FX & disposal, +3%).

## SEC filing metadata
- accession: 0000866729-23-000016
- form_type: 8-K
- ticker: SCHL
- cik: 0000866729
- company_name: SCHOLASTIC CORP
- filed_at: 2023-07-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866729/000086672923000016/0000866729-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866729/000086672923000016/schl-20230720.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866729-23-000016
- JSON: https://secwatch.observer/filing/0000866729-23-000016.json
- Plain text: https://secwatch.observer/filing/0000866729-23-000016.txt

## Key facts
- Earnings Releases
  SCHOLASTIC CORP reported financial results for the Company’s fiscal fourth quarter and full year ended May 31, 2023.
  - Period: the Company’s fiscal fourth quarter and full year ended May 31, 2023
  - Result: reported results
  source text: Scholastic Corporation (NASDAQ: SCHL), the global children’s publishing, education and media company, today reported financial results for the Company’s fiscal fourth quarter and full year ended May 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/866729/000086672923000016/0000866729-23-000016-index.htm
- Earnings Releases
  SCHOLASTIC CORP reported financial results for the fiscal year ended May 31, 2023.
  - Period: the fiscal year ended May 31, 2023
  - Result: reported results
  source text: On July 20, 2023, Scholastic Corporation (the "Company") issued the press release attached hereto as Exhibit 99.1 announcing its results of operations for the fiscal year ended May 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/866729/000086672923000016/0000866729-23-000016-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.