---
schema_version: "secwatch.filing_event.v1"
accession: "0000866729-26-000007"
form_type: "8-K"
ticker: "SCHL"
cik: "0000866729"
company_name: "SCHOLASTIC CORP"
filed_at: "2026-03-19T23:59:59+00:00"
generated_at: "2026-05-15T09:46:20.574594+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000866729-26-000007
- form_type: 8-K
- ticker: SCHL
- cik: 0000866729
- company_name: SCHOLASTIC CORP
- filed_at: 2026-03-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866729/000086672926000007/0000866729-26-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866729/000086672926000007/schl-20260319.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866729-26-000007
- JSON: https://secwatch.observer/filing/0000866729-26-000007.json
- Plain text: https://secwatch.observer/filing/0000866729-26-000007.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/866729/000086672926000007/0000866729-26-000007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.