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 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.
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.
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.
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 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 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'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%).
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).
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 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.
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.
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