secwatch.observer — SEC 8-K summary
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Issuer:     SCHOLASTIC CORP (SCHL)
CIK:        0000866729
Form:       8-K
Filed at:   2024-09-26T23:59:59+00:00
Accession:  0000866729-24-000022
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scholastic Q1 operating loss improves to $(88.5)M; revenue up 4% to $237.2M, affirms FY2025 guidance
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- Q1 revenue $237.2M, up 4% YoY; operating loss improved to $(88.5)M from $(99.1)M.
- Diluted EPS loss $(2.21) vs $(2.35) YoY; adjusted EBITDA loss $(60.5)M, improved 14%.
- Children's Book Publishing & Distribution rev up 3% to $105.4M; Education Solutions down 16% to $55.7M.
- New Entertainment segment (including 9 Story Media) contributed $16.6M revenue; operating loss $(0.5)M incl. $1.7M one-time charges.
- Company affirms fiscal 2025 guidance; net debt $152.1M vs prior net cash $119.9M due to 9 Story acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866729/000086672924000022/0000866729-24-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866729/000086672924000022/schl-20240926.htm
  HTML page:      https://secwatch.observer/filing/0000866729-24-000022

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