Sep 24, 4:01 PM ET
Scholastic reported fiscal 2027 first-quarter revenue of $216.8 million, down 4% from $225.6 million a year earlier, with an operating loss of $92.2 million, unchanged from the prior year. The diluted loss per share widened to $3.77 from $2.83, and the company affirmed its full-year fiscal 2027 guidance. For shareholders, the quarter's headline measures declined, while the outlook was left unchanged.
- Revenue fell 4% to $216.8 million, mainly due to lower Education and Children's Book Publishing and Distribution revenues and the elimination of rental income after the December 2025 sale-leaseback transactions.
- Diluted loss per share was $3.77, compared with a loss of $2.83 in the prior year period; adjusted diluted loss per share was $3.63, compared with $2.52.
- Net cash used in operating activities was $94.6 million, compared with $81.8 million a year earlier.
- Fiscal 2027 guidance was affirmed: revenue growth of about 2% to 4%, Adjusted EBITDA of about $135 million to $145 million, and Free Cash Flow of about $35 million to $40 million.
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Jul 23, 4:01 PM ET
Scholastic reported fiscal 2026 revenue of $1.58 billion, down 3%, while net income rose to $56.7 million from a $1.9 million loss, helped by a $99.7 million gain on sale-leaseback transactions. Adjusted EBITDA rose 4% to $151.5 million, in line with guidance, and the company returned $288.6 million to shareholders. Its fiscal 2027 outlook calls for revenue growth of about 2% to 4% and Adjusted EBITDA of $135 million to $145 million.
- Fiscal 2026 revenue fell 3% to $1,581.9 million; fourth-quarter revenue fell 6% to $476.1 million.
- Fiscal 2026 diluted EPS was $2.34, compared with a loss of $0.07 a year earlier; operating income was $15.2 million versus $15.8 million.
- Fiscal 2027 outlook: revenue growth of about 2% to 4% and Adjusted EBITDA of about $135 million to $145 million.
- The company returned about $288.6 million to shareholders in fiscal 2026 and had $183.0 million left on its repurchase authorization at May 31, 2026.
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Mar 19, 4:05 PM ET
Scholastic reported fiscal third-quarter revenue of $329.1 million, down 2% from a year earlier, and an operating loss of $26.9 million compared with $23.9 million a year ago. Diluted earnings per share rose to $2.55 from a loss of $0.13, driven by a $119.8 million pretax gain on sale-leaseback transactions, and the company reaffirmed its full-year Adjusted EBITDA outlook of $146 million to $156 million. The board also authorized a $300 million share repurchase program, including a planned $200 million tender offer priced between $36 and $40 per share.
- Revenue was $329.1 million, down 2% from $335.4 million; Adjusted EBITDA was $0.0 million versus $6.0 million a year earlier.
- Operating loss was $26.9 million versus $23.9 million; net income of $62.5 million includes a $119.8 million pretax gain on sale-leaseback transactions.
- Full-year Adjusted EBITDA outlook of $146 million to $156 million was reaffirmed, and full-year revenue is expected to be approximately flat.
- A $200 million modified Dutch auction tender offer, priced at $36 to $40 per share, is anticipated to launch in the coming days.
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Dec 22, 4:33 PM ET
Scholastic appointed Chief Growth Officer Jeffrey Mathews to the additional role of President, Education Solutions, and approved a higher base salary, a larger bonus target and a temporary severance provision for him. The company also approved a $1.5 million special bonus pool tied to two sale/leaseback transactions completed on December 17, 2025, with $400,000 each going to Mathews and CFO Haji Glover.
- Base salary rises from $615,000 to $675,000 effective January 1, 2026, and his STIP bonus target rises from 60% to 70% of base salary.
- Temporary 12-month severance provision pays 24 months of salary if he resigns due to a compensation downgrade, starting January 1, 2026.
- A $1.5 million special bonus pool was approved on December 16, 2025 for executives tied to the two sale/leaseback transactions concluded December 17, 2025; Mathews and CFO Haji Glover each receive $400,000 from it.
Read the filing on SEC.gov ↗
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