other material
confidence high
sentiment positive
materiality 0.60
Wiley corrects FY23 FX impact; expected FX headwind on revenue cut to $50M from $75M
JOHN WILEY & SONS, INC.
- FX impact on FY23 revenue corrected to $50M from $75M; impact on Adjusted EBITDA, EPS, and FCF now immaterial.
- Operational guidance at constant currency unchanged: Revenue $2,175–$2,215M, Adj. EBITDA $425–$450M, Adj. EPS $3.70–$4.05.
- Corrected FY23 outlook at June 10 spot rates: Revenue $2,125–$2,165M, Adj. EBITDA $425–$450M, Adj. EPS $3.70–$4.05, FCF $210–$235M.
- Error in currency mix evaluation for a foreign entity led to overstatement of FX headwind.