Scholastic Q2 2023 Earnings Report
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%.
Scholastic
Scholastic
Scholastic Revenue by Segment
Scholastic 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%.