{"schema_version":"secwatch.filing_event.v1","accession":"0000866729-23-000041","form_type":"8-K","ticker":"SCHL","cik":"0000866729","company_name":"SCHOLASTIC CORP","filed_at":"2023-12-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.189436+00:00","generated_at":"2026-06-07T13:14:39.437209+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Scholastic's Q2 EPS up 16% to $2.45; cuts FY2024 EBITDA guidance to $165-175M from $190-200M","bullets":["Revenue $562.6M (-4% YoY); diluted EPS $2.45 (+16%).","Book Clubs revenue $32.4M (-44% YoY) due to planned reduction in promotional spending.","Adj EBITDA $124.0M (+1% YoY); operating income $101.3M (+1%).","Board approved additional $66.2M share repurchase, increasing total authorization to $100M.","FY2024 guidance cut: revenue flat to slightly down; Adj EBITDA $165-175M vs prior $190-200M."],"urls":{"canonical":"https://secwatch.observer/filing/0000866729-23-000041","json":"https://secwatch.observer/filing/0000866729-23-000041.json","markdown":"https://secwatch.observer/filing/0000866729-23-000041.md","text":"https://secwatch.observer/filing/0000866729-23-000041.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/866729/000086672923000041/0000866729-23-000041-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/866729/000086672923000041/schl-20231214.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T13:14:39.437209+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fea3bec461cf322034ab3547a02ae9b0c2363bbf","claim":"SCHOLASTIC CORP reported fiscal second quarter ended November 30, 2023 results: revenue $562.6 million, EPS $2.45. Guidance lowered.","evidence_excerpt":"ex. one-time items * $ 2.45 $ 2.12 $ 0.33 16 % Adjusted EBITDA * $ 124.0 $ 122.3 $ 1.7 1 % * Please refer to the non-GAAP financial tables attached Revenues decreased 4% to $562.6 million, primarily as a result of reduced, more targeted promotional spending and the elimination of unprofitable orders in Book Clubs, as the channel is repositioned to a smaller, more","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/866729/000086672923000041/0000866729-23-000041-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal second quarter ended November 30, 2023"},{"label":"Revenue","value":"$562.6 million"},{"label":"EPS","value":"$2.45"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}