STOCK TITAN

Educational Development Corp - $EDUC STOCK NEWS

Welcome to our dedicated page for Educational Development news (Ticker: $EDUC), a resource for investors and traders seeking the latest updates and insights on Educational Development stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Educational Development's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Educational Development's position in the market.

Rhea-AI Summary

Educational Development (NASDAQ: EDUC) announces the schedule for its Fiscal Year 2024 Earnings Call, Annual Shareholders Meeting, and Record Date for Shareholder Proxy vote. The earnings call with live Q&A is set for May 21, 2024, at 3:30 PM CT. The Annual Meeting is scheduled for July 10, 2024. Shareholders of record on May 13, 2024, can participate. Proxy materials will be available on the company's website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.86%
Tags
-
Rhea-AI Summary
Educational Development Corporation (EDUC) has entered into a Purchase Agreement with Blue Ledge Group for the sale of its headquarters and distribution warehouse in Tulsa, Oklahoma, for $37.75 million. The proceeds will be used to pay off debts, leading to improved financial performance and strong cash flows. The agreement includes a 30-day due diligence period and a 10-year lease with triple-net terms.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.61%
Tags
none
-
Rhea-AI Summary
Educational Development Corporation (NASDAQ: EDUC) reports financial results for the third quarter and year-to-date ended November 30, 2023, with net revenues of $16.9 million, a decrease of 44.2% compared to the previous year. The company's earnings before income taxes totaled $2.7 million, and net earnings totaled $2.0 million, representing a 100.0% increase. The company also executed transactions that impacted its bottom-line profits, including the sale and leaseback of its old headquarters building, resulting in a gain of approximately $4.0 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.39%
Tags
Rhea-AI Summary
Educational Development Corporation (NASDAQ: EDUC) announces the time and date of their fiscal 2024 third quarter earnings call. The earnings call, including a live Q&A webcast, is scheduled for Thursday, January 11, 2024, at 3:30 PM CT (4:30 PM ET). Company executives will present the third quarter results and be available for questions. Phone lines for participants will be available at (888) 396-8049. Audio replays will be available following the event at www.edcpub.com/investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.08%
Tags
-
Rhea-AI Summary
Educational Development Corporation (NASDAQ: EDUC) announced the execution of the Fourth Amendment to its credit agreement, increasing the Revolving Loan commitment to $8.0 million and extending the maturity date to May 31, 2024. The amendment also allows additional purchase orders not to exceed $2.1 million and includes the listing for sale of the company's headquarters and distribution warehouse. The company expects to enter into a sale leaseback arrangement to maximize the sale price and provide liquidity for ongoing operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.45%
Tags
none
-
Rhea-AI Summary
Educational Development Corporation (NASDAQ: EDUC) announced the Board of Director approval to list for sale the Company's headquarters and distribution warehouse in Tulsa, Oklahoma. The Hilti Complex consists of multiple buildings totaling 402,255 square feet, with a third-party tenant occupying a portion. The sale is expected to generate proceeds to pay off borrowings and improve the company's bottom-line profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.98%
Tags
none
Rhea-AI Summary
Educational Development Corporation reports financial results for Q2 and year-to-date 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.62%
Tags
-
Rhea-AI Summary
Educational Development Corporation announces the time and date of their fiscal 2024 second quarter earnings call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.5%
Tags
-
Rhea-AI Summary
Educational Development Corporation announces sale of former headquarters and warehouse for $5.1 million
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.15%
Tags
none
Rhea-AI Summary
Educational Development Corporation (NASDAQ: EDUC) has executed the Third Amendment to the Existing Credit Agreement with BOKF, NA. The amendment extends the Revolving Loan Maturity Date to January 31, 2024 and reduces the Revolving Commitment from $13,500,000 to $4,000,000. The company is required to list its real estate properties for sale and expects its total asset value to exceed its debts with the bank.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Educational Development Corp

Nasdaq:EDUC

EDUC Rankings

EDUC Stock Data

16.29M
6.23M
26.65%
19.95%
0.29%
Book Publishers
Information
Link
United States of America
TULSA

About EDUC

start your own home-based business selling the best educational books for children on the planet. unlimited income and potential with a flexible business. lots of marketing avenues to suit your personality! low start up cost and no minimum monthly sales requirement.