Wiley's Q1 2023 shows a mixed performance with GAAP results indicating losses in operating income and EPS, while adjusted results at constant currency show revenue and adjusted EPS growth. The company reaffirms its full year outlook and has raised its quarterly dividend for the 29th consecutive year.
Wiley's Q1 revenue remained flat at $488 million, but increased by 4% at constant currency.
The company reported a GAAP operating loss of $17 million and a loss per share of $0.32.
Adjusted EPS at constant currency was $0.36, a 60% decrease year-over-year.
Wiley reaffirmed its full year outlook for revenue, adjusted EBITDA, adjusted EPS, and free cash flow.
Wiley reaffirms its full year outlook for Revenue, Adjusted EBITDA, Adjusted EPS, and Free Cash Flow
Visualization of income flow from segment revenue to net income