Fri, Mar 7, 4:51 PM (50 days ago)
For the quarter ending January 31, 2025, John Wiley & Sons, Inc. (WLY) reported a revenue decline of 12% year-over-year, totaling $404.6 million, primarily due to divestitures of non-core businesses. Adjusted revenue, excluding the impact of these divestitures, increased by 1%. The company achieved an operating income of $51.8 million, a significant recovery from a prior-year loss of $46.4 million, and reported a diluted loss per share of $(0.43), improving from $(2.08). Key performance metrics include a notable increase in Adjusted Operating Income by 27% to $57.4 million and Adjusted EBITDA rising 4% to $93.9 million. The restructuring program initiated to streamline operations contributed to lower operating costs, with operating and administrative expenses decreasing by 9% to $230 million. Cash flow from operations stood at $52.3 million, up from $24.4 million, while total debt reached $887.2 million. The company continues to face uncertainties related to foreign exchange rates and the impact of ongoing restructuring efforts. Looking ahead, Wiley aims to optimize its cost structure and leverage its digital offerings to drive future growth.