secwatch.observer — SEC 8-K summary
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Issuer:     SCHOLASTIC CORP (SCHL)
CIK:        0000866729
Form:       8-K
Filed at:   2024-12-19T23:59:59+00:00
Accession:  0000866729-24-000031
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scholastic Q2 revenue down 3% to $544.6M; EPS $1.71, guidance reaffirmed
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- Net revenue $544.6M, down 3% YoY; operating income $74.7M, down 26%; diluted EPS $1.71 vs $2.45.
- Children's Book Publishing segment revenue $367M (-6%); Book Fairs $231M (-5%); Trade $102.8M (-13%); Book Clubs $33.2M (+2%).
- Education Solutions revenue $71.2M (-12%); segment operating loss $0.5M vs income $5.8M.
- Net debt $120.8M vs net cash $143.2M a year ago; revolving credit facility upsized to $400M.
- Guidance for fiscal 2025 reaffirmed; company cites Dog Man and Hunger Games releases in H2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866729/000086672924000031/0000866729-24-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866729/000086672924000031/schl-20241219.htm
  HTML page:      https://secwatch.observer/filing/0000866729-24-000031

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