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Apr 30, 2022
Wiley Q4 2022 Earnings Report
Wiley's fourth quarter results reflected revenue growth and increased operating income.
Key Takeaways
Wiley's Q4 2022 results showed a revenue increase of 2% to $546 million and a 14% rise in operating income to $58 million. EPS also increased by 4% to $0.76. Adjusted EPS decreased by 6% to $1.08.
Revenue increased by 2% to $546 million.
Operating Income increased 14% to $58 million.
EPS increased by 4% to $0.76.
Adjusted EPS decreased by 6% to $1.08.
Revenue by Segment
Forward Guidance
Wiley provided its Fiscal Year 2023 outlook, anticipating mid-single digit revenue growth at constant currency driven by Research and Education Services. Earnings gains from revenue growth are expected to be offset by wage inflation and growth investments. Adjusted EPS performance is expected to be adversely impacted by non-operational items.
Positive Outlook
- Revenue: The Company anticipates mid-single digit revenue growth at constant currency driven by Research and Education Services.
- Wiley expects positive cash earnings
- Wiley expects lower incentive payouts for Fiscal 2022 performance compared to prior year
- Wiley expects gains from revenue growth to be offset by wage inflation and growth investments in Research and Corporate Talent Development.
- Wiley’s adjusted effective tax rate is expected to be 22-23% in Fiscal 2023, up from 20% in Fiscal 2022.
Challenges Ahead
- Earnings: Wiley expects gains from revenue growth to be offset by wage inflation and growth investments in Research and Corporate Talent Development.
- Adjusted EPS performance is expected to be adversely impacted by 35-cents of non-operational items such as higher interest expense, higher tax expense, and lower pension income.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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