Scholastic posts Q3 GAAP EPS $2.55 on sale-leaseback gain; board OKs $300M buyback

SCHOLASTIC CORP

2026-Q3 EPS reported $1.87 revenue$1,105,800,000

Q3 revenue $329.1M (-2% YoY); operating loss $26.9M vs $23.9M loss prior year.
Adjusted EBITDA $0.0M vs $6.0M; excludes $6.7M impact from sale-leaseback.
Sale-leaseback net proceeds >$400M; net cash $90.6M vs net debt $189.4M prior year.
Board authorized $300M buyback including $200M modified Dutch auction tender at $36-$40/share.
Long-term net leverage target set at 2.0-2.5x Adjusted EBITDA.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SCHOLASTIC CORP reported the Company’s fiscal third quarter ended February 28, 2026 results: revenue $329.1 million, EPS $2.55. Guidance reaffirmed.

Period: the Company’s fiscal third quarter ended February 28, 2026
Revenue: $329.1 million
EPS: $2.55
Guidance: reaffirmed
Result: reported results

Exact text from the filing

tables attached (1) Operating income and Adjusted EBITDA include a $3.0 and $6.7 impact related to the sale-leaseback transactions, respectively. Revenues decreased 2% to $329.1 million, primarily reflecting lower revenues in the Children’s Book Publishing and Distribution and International segment due to the timing of publishing releases compared to the prior

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Source: SEC EDGAR

accession 0000866729-26-000007

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