secwatch.observer — SEC 8-K summary
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Issuer:     SCHOLASTIC CORP (SCHL)
CIK:        0000866729
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0000866729-23-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866729/000086672923000016/0000866729-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866729/000086672923000016/schl-20230720.htm
  HTML page:      https://secwatch.observer/filing/0000866729-23-000016

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