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Nov 30, 2022
Scholastic Q2 2023 Earnings Report
Reported strong revenue growth and higher earnings, driven by Children's Books business and steady performance in Education Solutions.
Key Takeaways
Scholastic Corporation reported a 12% increase in revenues to $587.9 million, driven by strong performance in the Children's Book Publishing and Distribution segment. Operating income increased by $16.7 million to $100.1 million. The company is affirming its fiscal 2023 guidance.
Revenues increased 12% to $587.9 million, primarily driven by strong results in the Children’s Book Publishing and Distribution segment.
Operating income increased $16.7 million to $100.1 million.
Children’s Book Publishing and Distribution segment’s revenues increased $65.8 million to $418.3 million.
Company is affirming its fiscal 2023 guidance for Adjusted EBITDA of $195 million to $205 million and revenue growth of 8% to 10%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Scholastic is affirming its fiscal 2023 guidance for Adjusted EBITDA of $195 million to $205 million and revenue growth of 8% to 10%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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