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Educational Development Corporation (NASDAQ: EDUC) is a publishing company that focuses on books and educational products for children, and its news flow reflects this specialized business model. Company press releases and Form 8-K filings describe EDC as the owner and exclusive publisher of Kane Miller Books, Learning Wrap-Ups, and SmartLab Toys, and as the exclusive United States MLM distributor of Usborne children’s books. News about EDUC often highlights how these brands are marketed through retail outlets and independent PaperPie Brand Partners.
Investors and followers of EDUC news will see regular updates on financial performance, including quarterly and annual results. The company issues earnings releases for its fiscal quarters and fiscal year, summarizing net revenues, earnings or losses before income taxes, net income or loss, and metrics related to average active PaperPie Brand Partners. These releases are typically accompanied by announcements of earnings calls, including dial-in details and references to audio replays available through the company’s investor resources.
Another recurring theme in Educational Development Corporation’s news is its capital structure and real estate strategy. Recent press releases and 8-K filings describe a commercial real estate sale contract and subsequent sale and leaseback of the Hilti Complex, the company’s headquarters and distribution warehouse in Tulsa, Oklahoma. News items detail the agreed sale price, the use of proceeds to pay off term loans and a revolving loan under a credit agreement with BOKF, NA, and the terms of a new triple-net lease for EDC’s occupied space.
Operational updates also appear in EDUC news coverage. Management commentary in releases discusses efforts to reduce excess inventory, run product discount promotions to generate cash, and implement cost reductions. The company links these actions to its goal of strengthening its financial position, supporting its network of PaperPie Brand Partners, and maintaining its focus on children’s literacy and educational products. For readers tracking EDUC, the news stream provides insight into financial results, debt management, real estate transactions, and the performance of its children’s publishing and educational brands.
Educational Development Corporation (NASDAQ: EDUC) reported significant financial growth for Q3 and year-to-date results as of November 30, 2020. Net revenues surged by 63.5% to $66.75 million compared to $40.82 million in Q3 2019. Net earnings increased by 56.1% to $4.27 million, with earnings per share rising 54.5% to $0.51. Year-to-date revenues reached $164.29 million, marking a 76.9% increase. The Usborne Books and More division drove growth, with a notable rise in active sales consultants. The company also announced a quarterly dividend of $0.10 per share, payable on March 11, 2021.
Educational Development Corporation (EDC) reported record net revenues of approximately $15.1 million in December 2020, primarily driven by the Usborne Books and More (UBAM) division, which generated $14.3 million—an 88% increase year-over-year. Active sales consultants grew to over 60,000 from around 30,000 in March 2020. The company is investing $4.5 million to expand shipping capacity, anticipating continued growth. Retail division revenues also saw a 60% increase compared to December 2019.
Educational Development Corporation (NASDAQ: EDUC) has reported record net revenues of over $66.8 million for Q3 fiscal 2021, marking a 63.7% increase year-over-year, attributed to a rise in active sales consultants in its Usborne Books and More (UBAM) Sales Division, now exceeding 60,400
CEO Randall White attributes growth to increased sales consultants and investments. Retail sales are improving as stores reopen, with expectations of continued growth into fiscal 2022.
Educational Development Corporation (EDC) will present at the 13th Annual LD Micro Main Event Investor Conference on December 15 at 10:20 AM EST. CEO Randall White will address a virtual audience, marking a shift in the conference format to include a 10-minute presentation followed by a 10-minute Q&A. This event, exclusively on the Sequire Virtual Events platform, aims to enhance engagement between executives and investors. EDC specializes in publishing children’s books, partnering with Usborne and Kane Miller to offer over 2,000 titles.
Educational Development Corporation (NASDAQ: EDUC) will participate in the virtual Southwest IDEAS Investor Conference on November 19, 2020. The company's presentation will be webcasted and available from 7:00 am CST on November 18. It will provide guidance on net revenues and earnings per share for the fiscal year ending February 28, 2021. IDEAS Conferences aim to connect quality companies with investment professionals, featuring sponsors with over $200 billion in assets under management.
Educational Development Corporation (EDUC) reported outstanding results for October, achieving record monthly net revenues exceeding $23 million. Active sales consultants in the Usborne Books and More (UBAM) Division surpassed 56,000. CEO Randall White highlighted a remarkable 62% increase in October sales compared to last year, totaling $22.3 million in orders. The Retail Division also saw a 14% revenue increase. These results underscore strong growth in the organization’s book sales and consultant engagement.
Educational Development Corporation (EDC) reported a remarkable 142.5% increase in net revenues for Q2 2020, totaling $59,250,100, compared to $24,438,000 in Q2 2019. Net earnings rose 322.3% to $4,255,000, equating to earnings per share of $0.51, a 325.0% increase year-over-year. Year-to-date revenues reached $97,541,800, up 87.5% from $52,025,400 in 2019. The increase in direct sales through Usborne Books and More contributed significantly, with a 161.8% revenue growth. EDC's Board approved a 66.7% increase in quarterly cash dividends to $0.10 per share.
Educational Development Corporation (NASDAQ: EDUC) reported record estimated net revenues for Q2 FY2021, projecting between $58.5 million and $60 million, a rise of approximately 140%-150% from $24.4 million in Q2 FY2020. This represents the highest quarterly net revenues in the company's history. Additionally, the number of active consultants in its UBAM division surpassed 50,000, marking another record. The company anticipates continued growth as demand for its products increases, particularly as businesses reopen.
Educational Development Corporation (EDC) has successfully renewed its revolving line of credit with MidFirst Bank, maintaining a maximum principal amount of $10 million. CEO Randall White highlighted the company's strong cash flow, ending July 2020 with no borrowings and over $23.3 million in cash. EDC anticipates continued growth, especially in their UBAM division, which is bolstered by prepaid e-commerce orders. This credit renewal will facilitate increased inventory purchases to meet rising sales demand, providing financial stability.
Educational Development Corporation (EDUC) reported record performance for July 2020, achieving approximately $22.3 million in net revenues, a remarkable 182% increase from $7.9 million in July 2019. This month marks the highest net revenues in the Company's history. Additionally, the active consultant count in the UBAM division rose to about 45,200, also a record. The Publishing division has seen its revenues return to historical levels as retail stores reopen, although challenges remain due to the ongoing pandemic.
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