secwatch.observer — SEC 8-K summary
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Issuer:     SCHOLASTIC CORP (SCHL)
CIK:        0000866729
Form:       8-K
Filed at:   2026-03-19T23:59:59+00:00
Accession:  0000866729-26-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866729/000086672926000007/0000866729-26-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866729/000086672926000007/schl-20260319.htm
  HTML page:      https://secwatch.observer/filing/0000866729-26-000007

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