Highest-materiality recent filing
Scholastic authorizes $200M Dutch auction tender offer at $36-$40/share
Repurchase of up to $200M of common stock via modified Dutch auction tender offer.
Scholastic posts Q3 GAAP EPS $2.55 on sale-leaseback gain; board OKs $300M buyback
Q3 revenue $329.1M (-2% YoY); operating loss $26.9M vs $23.9M loss prior year.
Scholastic appoints Mathews President Ed Solutions, raises compensation, approves $1.5M bonus pool
Jeffrey Mathews named President, Education Solutions (permanent); base salary rises to $675k (from $615k) effective Jan 1, 2026.
Scholastic Q2 EPS $2.17 (up 27% YoY); Board expands buyback to $150M post sale-leaseback
Revenue $551.1M (+1% YoY); operating income $82.9M (+11%); diluted EPS $2.17 (+27%).
Total proceeds of $481M; estimated net proceeds of $401M after taxes, fees, and transaction expenses.
Scholastic sells NYC HQ for $386M and Mo. warehouses for $95M in sale-leasebacks
NYC building at 557 Broadway sold to ESRT (Empire State Realty Trust) for $386M; closing Dec 16-18, 2025.
Scholastic signs sale-leasebacks for NYC HQ and Jefferson City facility; expects $401M net proceeds
Net proceeds of $401M from sale-leasebacks of 555-557 Broadway (NYC) and Jefferson City distribution center.
Scholastic shareholders approve stock plan amendment and elect directors at annual meeting
Class A stockholders approved Amendment No. 2 to Management Stock Purchase Plan, increasing authorized shares by 100,000 to 700,000.
Scholastic posts Q1 operating loss of $92.2M, revenue down 5%; affirms FY2026 guidance
Revenue fell 5% YoY to $225.6M; diluted EPS loss widened to $2.83 from $2.21 loss.
Scholastic reports FY2025 adjusted EBITDA $145.4M; guides FY2026 $160-170M
FY2025 revenues $1,625.5M (+2% YoY); GAAP EPS $(0.07); ex-items EPS $0.48.
Directors John L. Davies and David P. Young accelerate planned retirements, resign July 16, 2025.
Scholastic updates strategic initiatives; expects FY2025 EBITDA at original guidance of $140M-$150M
Expects fiscal 2025 Adjusted EBITDA in line with original guidance of $140M-$150M, above narrowed outlook, driven by cost management and Q4 execution.
Sasha Quinton appointed EVP & President of new Children's Book Group effective June 1, 2025.
Scholastic EVP General Counsel Hedden retires; Chris Lick appointed successor
Andrew Hedden retires as EVP, General Counsel & Secretary effective May 31, 2025.
Scholastic Q3 revenue up 4% to $335.4M; FY EBITDA guidance narrowed to ~$140M low end
Operating loss improved to $23.9M from $34.9M; diluted EPS loss of $0.13 vs $0.91 a year ago.
Scholastic Q2 revenue down 3% to $544.6M; EPS $1.71, guidance reaffirmed
Net revenue $544.6M, down 3% YoY; operating income $74.7M, down 26%; diluted EPS $1.71 vs $2.45.
$400M unsecured revolving credit facility with maturity extended to November 26, 2029; accordion feature permits $150M increase.
Scholastic Q1 operating loss improves to $(88.5)M; revenue up 4% to $237.2M, affirms FY2025 guidance
Q1 revenue $237.2M, up 4% YoY; operating loss improved to $(88.5)M from $(99.1)M.
Scholastic appoints Jeffrey Mathews to new Chief Growth Officer role, effective Sept 18
Jeffrey Mathews named EVP and Chief Growth Officer, effective September 18, 2024.
Scholastic annual meeting elects all 11 director nominees
Class A Stock: each of 8 nominees received 828,100 votes for, none against or withheld.
Scholastic Q4 revenue falls 10% to $474.9M, EPS $1.23 vs $2.26; guides FY25 Adj. EBITDA $140-150M
Revenue $474.9M (-10% YoY); operating income $47.2M (-49%); diluted EPS $1.23 (-46%).
Scholastic closes CAD $250M investment in 9 Story Media Group, creator of children's content
Acquired 100% economic interest and minority voting rights for CAD $250M (~USD $182M).
Scholastic amends bylaws to align director removal provision with Delaware law
Board approved amendment to Article III, Section 6 of Bylaws on May 15, 2024.
Scholastic repurchases 400K shares from Estate of former CEO at 3.8% discount
Bought 400,000 shares at $33.50646 each (3.8% discount to $34.83 close) for $13.4M total.
Scholastic appoints Alix Guerrier and Kaya Henderson to Board of Directors
Board expanded from nine to 11 members; both vacancies filled by Guerrier and Henderson effective March 20, 2024.
Scholastic posts Q3 loss of $0.91/share; revenue flat; announces 9 Story Media investment
Q3 revenue $323.7M (flat YoY); operating loss $34.9M vs $27.7M loss; diluted EPS -$0.91 vs -$0.57.
Scholastic board size fixed at 11 directors via unanimous written consent
Class A stockholders approved board size of 11, effective March 12, 2024.
Scholastic to acquire 100% economic interest in 9 Story Media Group for ~$186M
Acquires 100% economic interest and minority voting rights in 9 Story for CAD 250M (~USD $186M).
Scholastic extends CEO Peter Warwick's employment term by one year to July 2025
CEO Peter Warwick's term extended from Aug 1, 2024 through July 31, 2025 per Jan 25, 2024 letter agreement.
Haji Glover appointed EVP & CFO, succeeding Ken Cleary who becomes President of International.
Scholastic's Q2 EPS up 16% to $2.45; cuts FY2024 EBITDA guidance to $165-175M from $190-200M
Revenue $562.6M (-4% YoY); diluted EPS $2.45 (+16%).
Rosamund Else-Mitchell, former EVP and President, Education Solutions, left Aug 16, 2023; employment ended Sept 26, 2023.
Scholastic CFO Ken Cleary to step down, become President, International
CFO Ken Cleary will step down when successor is appointed (expected before end of 2023).
Contract term changed from fixed July 31, 2024 to annual renewal by mutual written agreement by Jan 31 each year.
Class A stockholders elected all five nominees unanimously with 1,656,200 votes each.
Scholastic Q1 operating loss widens to $99.1M; revenue down 13% to $228.5M
Revenues fell 13% to $228.5M; operating loss expanded 71% to $99.1M, including $6.3M one-time charges.
Rose Else-Mitchell left as President of Education Solutions on Aug 16, 2023, to pursue other interests after a transition period.
Scholastic Q4 operating income up 40%; FY2023 meets guidance; buyback boosted $100M
Q4 rev $528.3M (+3% YoY); op income $92.0M (+40%); adj EBITDA $115.0M (+30%).
Scholastic to Combine Book Fairs and Book Clubs into Integrated Division
CEO Peter Warwick announced the strategic combination of U.S. Book Fairs and Book Clubs, effective by June 2023.
Scholastic Q3 loss widens; cuts FY23 Adjusted EBITDA guidance to $175-185M
Revenue $324.9M (-6% YoY); operating loss $27.7M vs loss $19.5M prior year.
Scholastic amends credit agreement to replace LIBOR with SOFR
Amendments adjust SOFR credit spread adjustment to 0.10% (10 bps).
Scholastic Q2 revenue up 12% to $587.9M; Book Fairs surge; repurchase authorization raised to $75M
Revenue $587.9M (+12% YoY); operating income $100.1M (+20%); adjusted EBITDA $122.3M (+14%).
Up to $75M of common stock (~6% of shares outstanding) to be repurchased via modified Dutch Auction.
Shareholders elect all nine director nominees at Scholastic 2022 annual meeting
Class A nominees (Lucchese, Alonso, Dumont, Li, Walker, Warwick, Young) each received 1,656,200 votes for, zero against.
Revenue $262.9M, +1.2% YoY; operating loss ($58.1M) vs ($32.0M) year ago.
Scholastic acquires Learning Ovations, creator of A2i literacy system with ESSA Tier 1 evidence
Acquisition of Learning Ovations, creator of A2i literacy screening and instructional planning system; terms not disclosed.
Scholastic posts 28% revenue growth in Q4, raises dividend 33%; guides FY23 rev up 8-10%
Q4 revenue $514.4M (+28% YoY), operating income $65.5M vs $9.7M; Adjusted EBITDA $88.5M.
Director Margaret Williams to retire from Scholastic Board at Annual Meeting
Margaret Williams will retire as director effective at the Annual Meeting on Sept 21, 2022.
Scholastic elects Linda Li to Board of Directors, filling vacancy from Mary Beech resignation
Linda Li elected director effective May 18, 2022, filling a Class A seat vacancy created by Mary Beech's resignation.
Scholastic Q3 revenue up 24% to $344.5M; book fairs surge 181%; adjusted operating loss widens
Revenue $344.5M (+24% YoY); operating loss improved to $(19.5)M from $(24.2)M; adjusted operating loss widened to $(16.7)M.
Messrs David Young, a director of the Company since 2015, and John L. Davies, a director of the Company since 2000, have each decided to retire as a director of the Company
Messrs David Young, a director of the Company since 2015, and John L. Davies, a director of the Company since 2000, have each decided to retire as a director of the Company
appointed Chris Lick, presently Deputy General Counsel of the Company, as Executive Vice President, General Counsel and Secretary succeeding Mr. Hedden, effective June 1, 2025.
accepted the retirement of Andrew S. Hedden, a named executive officer of the Company, from his positions as Executive Vice President, General Counsel, and Secretary of the Company effective May 31, 2025.
At its meeting held on March 20, 2024, the Board of Directors elected Alix Guerrier and Kaya Henderson as directors of the Company to fill such vacancies.
At its meeting held on March 20, 2024, the Board of Directors elected Alix Guerrier and Kaya Henderson as directors of the Company to fill such vacancies.
At its meeting held on December 13, 2023, the Company’s Board of Directors appointed Mr. Glover as the Company’s new Executive Vice President & Chief Financial Officer, effective January 22, 2024.
As previously announced Mr. Cleary will be stepping down as Chief Financial Officer of the Company when his successor has been identified and appointed. Thereafter, Mr. Cleary will be appointed as the Company's President, International and the terms and conditions of his continued employment with the Company in this capacity will be governed by the Agreement.
Ms. Elizabeth Polcari, Executive Vice President and President, International has been appointed to succeed Ms. Else-Mitchell.
The Company also announced that Kenneth J. Cleary will be resigning from his current position as Chief Financial Officer, at such time as a successor has been identified, in order to become Executive Vice President and President, International.
Ms. Rosamund M. Else-Mitchell will be leaving her position as Executive Vice President and President, Education Solutions effective August 16, 2023 and will be departing from the Company in September to pursue other interests following a transition period to be agreed upon.
On June 1, 2022, the Board of Directors of Scholastic Corporation (the “Company”) was informed that Margaret A. Williams, a director of the Company since 2010, has decided to retire as a director of the Company and not stand for re-election upon expiration of her current term at the Annual Meeting of Stockholders, scheduled to be held on September 21, 2022 (the “Annual Meeting”).
Max materiality 0.85 · Median 0.60 · Most common event earnings