secwatch.observer — SEC 8-K summary
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Issuer:     JOHN WILEY & SONS, INC. (WLY)
CIK:        0000107140
Form:       8-K/A
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001140361-22-027284
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Wiley corrects FY23 FX impact; expected FX headwind on revenue cut to $50M from $75M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/107140/000114036122027284/0001140361-22-027284-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/107140/000114036122027284/ny20004155x2_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-027284

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