Welcome to our dedicated page for Education Dvel news (Ticker: EDUC), a resource for investors and traders seeking the latest updates and insights on Education Dvel stock.
Education Dvel (EDUC) provides investors and stakeholders with comprehensive updates on its educational publishing children's books and learning materials. This page consolidates official announcements, strategic initiatives, and operational developments from the company's dual publishing and direct sales divisions.
Access timely updates on earnings reports, product launches, and distribution partnerships, alongside insights into EDUC's retail network expansion and e-commerce platform enhancements. The resource also covers the company's unique sale/leaseback real estate strategies and PaperPie Division developments in multi-level marketing.
Bookmark this page to monitor EDUC's progress in merging traditional publishing with modern sales channels while maintaining financial discipline through operational optimizations. All content is sourced directly from company communications to ensure accuracy and compliance with financial disclosure standards.
Educational Development Corporation (NASDAQ: EDUC) has executed a Commercial Real Estate Contract to sell its Tulsa headquarters and distribution warehouse (Hilti Complex) for $32.5 million. The transaction, expected to close after a 45-day due diligence period, excludes an adjacent land parcel.
The complex spans 402,000 square feet with existing tenants Hilti (183,800 sq ft) and Crusoe AI (110,000 sq ft). EDUC will lease back its space at $8.00 per square foot with 2.5% annual increases under a 10-year triple-net lease agreement. The sale proceeds will be used to pay off the company's Term Loans and Revolving Loan, improving monthly cash flows as interest savings will exceed rental payments.
Educational Development Corporation (NASDAQ: EDUC) has secured a Ninth Amendment to its Credit Agreement with BOKF, NA, extending the Revolving Loan maturity date to September 19, 2025. The extension aligns the revolving loan maturity with the company's existing real estate term loans.
CEO Craig White indicated that the company is exploring multiple solutions to pay off the line of credit, including potential sale or refinancing of the Hilti Complex. The company continues to make scheduled principal and interest payments on both Revolving and Term Loans.
Educational Development Corporation (NASDAQ: EDUC) reported its fiscal 2026 first quarter results, showing continued financial challenges. Net revenues declined to $7.1 million from $10.0 million year-over-year, while net loss improved slightly to $(1.1) million from $(1.3) million. The company's loss per share was $(0.13) compared to $(0.15) in the previous year.
EDUC implemented product discount promotions to increase cash flow, though this affected gross margins. The company is focusing on reducing excess inventory to pay down debt and meet lender requirements. Additionally, EDUC executed an amendment to the Hilti Complex Purchase Sale Agreement, extending the buyer's due diligence period. The completion of this sale is expected to fully retire outstanding debt balances.
Educational Development Corporation (NASDAQ: EDUC) has announced a revised schedule for its Fiscal Year 2025 earnings call, which will take place on Monday, May 19, 2025, at 3:30 PM CT (4:30 PM ET). The presentation will include a live Q&A webcast featuring key executives: CEO and President Craig White, Chief Sales and Marketing Officer Heather Cobb, and CFO and Secretary Dan O'Keefe. Participants can join via phone at (800) 717-1738 using Conference ID 95306. Audio replays will be available after the event on the company's investor relations website.
Educational Development (NASDAQ: EDUC) has announced key upcoming events for shareholders. The company will host its Fiscal Year 2025 Earnings Call on Wednesday, May 21, 2025 at 3:30 PM CT, featuring CEO Craig White, Chief Sales and Marketing Officer Heather Cobb, and CFO Dan O'Keefe.
The Annual Meeting of Shareholders is scheduled for July 2, 2025, at 10:00 AM CT at the Corporate Offices in Tulsa, Oklahoma. Shareholders of record as of May 12, 2025, will be eligible to vote on proxy matters. The company will distribute the Important Notice Regarding the Availability of Proxy Materials around May 27, 2025, which will include access to the Annual Report and Form 10-K for the fiscal year ended February 28, 2025.
Educational Development (NASDAQ: EDUC) has secured an Eighth Amendment to its Credit Agreement with BOKF, NA. The amendment extends the Revolving Loan maturity to July 11, 2025, with required step-downs to $4.5 million by May 31, 2025. Additionally, the maturity dates for two term loans have been extended to September 19, 2025.
The company has demonstrated financial improvement by reducing bank debt by over $3.0 million and payables by $2.0 million. EDUC has engaged Keen-Summit as their new real estate broker to market the Hilti Complex, with the sale proceeds expected to fully repay outstanding Revolver and Term Loans. The company anticipates operating with borrowings post-sale, which should positively impact profitability and cashflow.
Educational Development (NASDAQ: EDUC) has signed a new brokerage agreement with Keen-Summit Capital Partners to market and sell its Hilti Complex in Tulsa, Oklahoma. The agreement grants Keen-Summit a nine-month window to market the property.
The Hilti Complex includes multiple buildings totaling 402,000 square feet of rentable office and warehouse space on 35-acres. The property currently houses three tenants: EDC, Hilti (tool manufacturer), and Crusoe (cloud and AI services provider). EDC plans to execute a new multi-year lease agreement for its occupied space upon selling the complex.
CEO Craig White indicated that while the process has taken longer than expected, the company continues to work with their bank and financial advisors. The decision to engage Keen-Summit, known for maximizing large real estate property values, came after evaluating previous offers through local broker McGraw Davisson Stewart, who will continue providing local services in collaboration with Keen-Summit.
Educational Development (NASDAQ: EDUC) reported financial results for Q3 FY2025 ended November 30, 2024, showing significant declines across key metrics. Net revenues dropped to $11.1 million from $16.9 million year-over-year, while the company recorded a net loss of $(0.8) million compared to net earnings of $2.0 million in the prior year. The average active PaperPie Brand Partners decreased to 12,400 from 16,400.
Year-to-date performance also showed substantial declines, with net revenues at $27.6 million compared to $42.1 million, and a net loss of $(3.9) million versus earnings of $2.2 million. The company has implemented several cost-reduction initiatives, including leasing 50% of office space, switching freight carriers for 20% cost savings, and consolidating warehouse operations. EDUC expects to complete a sale/leaseback of the Hilti Complex before March 31, 2025, which should eliminate all debt.
Educational Development (NASDAQ: EDUC) has announced its fiscal 2025 third quarter earnings call, scheduled for Monday, January 13, 2025, at 3:30 PM CT (4:30 PM ET). The presentation will feature CEO and President Craig White, Chief Sales and Marketing Officer Heather Cobb, and CFO and Secretary Dan O'Keefe. The call will include a live Q&A webcast, with phone lines available at (800) 717-1738 using Conference ID 64717. Audio replays will be accessible at www.edcpub.com/investors.
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