Education Dvel Stock Price, News & Analysis

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.

Educational Development Corporation (EDC) reported significant revenue growth during its first quarter earnings call on July 15, 2020. In June 2020, the company achieved approximately $18 million in net revenues, marking a 157% increase from June 2019's $7 million. This month was noted as the largest in the company's history. Additionally, EDC's UBAM division added 6,000 new recruits, reaching over 39,000 active consultants, the highest to date.