secwatch.observer — SEC 8-K summary
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Issuer:     SCHOLASTIC CORP (SCHL)
CIK:        0000866729
Form:       8-K
Filed at:   2023-12-14T23:59:59+00:00
Accession:  0000866729-23-000041
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scholastic's Q2 EPS up 16% to $2.45; cuts FY2024 EBITDA guidance to $165-175M from $190-200M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866729/000086672923000041/0000866729-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866729/000086672923000041/schl-20231214.htm
  HTML page:      https://secwatch.observer/filing/0000866729-23-000041

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