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Oct 31, 2020
Wiley Q2 2021 Earnings Report
Wiley's Q2 2021 earnings increased due to growth in revenue and adjusted EBITDA.
Key Takeaways
Wiley reported a 5% increase in revenue to $491 million and a 54% increase in EPS to $1.22. Adjusted revenue increased by 4% to $491 million, adjusted EBITDA increased by 7% to $120 million, and adjusted EPS increased by 12% to $1.00.
Revenue of $491 million (+5%) and EPS of $1.22 (+54%).
Adjusted Revenue +4% to $491 million, EBITDA +7% to $120 million, and EPS +12% to $1.00.
Research Publishing & Platforms revenue +5% and Adjusted EBITDA +14% on strong double-digit growth in Open Access.
Education Services Adjusted EBITDA margin of 21%, trending ahead of FY22 target of 15%.
Forward Guidance
Wiley anticipates low-single digit growth in revenue, which includes low-single digit growth in Research, a mid-single digit decline in Academic & Professional Learning, and double-digit growth in Education Services (mid-single digit growth on an organic basis).
Positive Outlook
- Revenue: $1,865 - $1,885 million
- Adjusted EBITDA: $380 - $395 million
- Adjusted EPS: $2.50 - $2.70
- Free Cash Flow: $175 - $200 million
- Low-single digit growth in Research
Challenges Ahead
- Mid-single digit decline in Academic & Professional Learning
- Factors detailed from time to time in the Company's filings with the Securities and Exchange Commission.
- The Company's ability to realize operating savings over time and in fiscal year 2021 in connection with our multi-year Business Optimization Program
- The impact of COVID-19 on our operations, performance, and financial condition
Historical Earnings Impact
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Avg. Return Before/After Earnings
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