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.

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