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Jan 31, 2020
Wiley Q3 2020 Earnings Report
Wiley's Q3 2020 results saw revenue increase by 4% and EPS increase by 3%.
Key Takeaways
Wiley's Q3 2020 showed positive momentum with revenue of $467 million, a 4% increase, and EPS of $0.63, a 3% increase. The company acquired mthree for $129 million and raised its full-year EPS outlook while reaffirming revenue, EBITDA, and Free Cash Flow guidance.
Revenue increased by 4% to $467 million, and EPS rose by 3% to $0.63.
Adjusted results at constant currency showed a 4% increase in revenue, a 7% increase in EBITDA, and a 10% increase in EPS.
mthree, a tech talent provider, was acquired for $129 million.
The full-year EPS outlook was raised, while revenue, EBITDA, and Free Cash Flow forecasts were reaffirmed.
Forward Guidance
Wiley is raising its EPS outlook and reaffirming for Revenue, EBITDA, and Free Cash Flow.
Positive Outlook
- Revenue outlook reaffirmed at $1,855-$1,885 million.
- Adjusted EBITDA outlook reaffirmed at $357-$372 million.
- Free Cash Flow outlook reaffirmed at $210-$230 million.
- EPS outlook raised to $2.45-$2.55.
- Guidance includes impact of mthree acquisition.
Challenges Ahead
- Revenue may be impacted by $17 million due to FX.
- Adjusted EBITDA may be impacted by $5 million due to FX.
- Adjusted EBITDA may be impacted by $2 million due to mthree.
- Adjusted EPS may be impacted by $0.06 due to FX.
- Adjusted EPS may be impacted by $0.07 due to mthree.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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