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Wiley (NYSE:JWA, JW.B) has announced the retirement of Chief Financial Officer John Kritzmacher at the end of 2021, after eight years of service. Christina Van Tassell, previously CFO at Dow Jones, will take over as CFO in late November 2021. Kritzmacher is credited with enhancing the company's financial strength and strategic direction. Van Tassell brings over 25 years of experience in global finance and will report to President and CEO Brian Napack, who expressed enthusiasm for her joining the leadership team.
Wiley (NYSE: JW.A) has expanded its online education offerings, introducing over 15 new programs in the past year across markets including the UK, India, the Middle East, and Australia. This growth supports institutions in adapting to online learning, a necessity intensified by the COVID-19 pandemic. Notable partnerships include Tel Aviv University for an online MBA and Lebanese American University for eight graduate programs. Wiley also collaborates with PwC Academy Middle East to offer CFA review courses. This strategic expansion aligns with global demand for career-oriented education.
Wiley (NYSE: JW-A, JW-B) declared a quarterly cash dividend of $0.3450 per share on its Class A and Class B Common Stock. This dividend will be payable on October 27, 2021, to shareholders of record on October 12, 2021. The annual dividend now stands at $1.38, up from $1.37 in Fiscal 2021, marking the 28th consecutive year of dividend increases. This reflects Wiley's ongoing commitment to returning value to shareholders.
Wiley (NYSE: JW.A, JW.B) appointed Jay Flynn as the new Executive Vice President of Wiley Research, following the departure of Judy Verses. Flynn, who has been with Wiley since 2010, has played key roles in advancing the company’s open research strategy. His leadership is expected to foster growth in Wiley’s research business, which encompasses over 1,900 peer-reviewed journals and partnerships with more than 900 societies. Under Verses, Wiley Research gained prominence in open research, establishing itself as a crucial partner for academic and corporate institutions.
Wiley (NYSE:JWA, JWB) will participate in the virtual Morningstar Management Behind the Moat conference on September 15. The company received 'Wide Moat' and 'Exemplary Stewardship' ratings from Morningstar. CEO Brian Napack and CFO John Kritzmacher will host a fireside chat at 11:00 AM ET. Recent financial results show a revenue increase to
John Wiley & Sons reported Q1 2022 results with revenue of $488 million, a 13% increase year-over-year. Operating income rose to $41 million (+36%), while GAAP EPS was $0.24 (-17%). Adjusted revenue increased 9% at constant currency, with an adjusted EBITDA of $95 million (+12%) and adjusted EPS of $0.54 (+17%). The company raised its annual dividend for the 28th consecutive year to $1.38 per share. Wiley reaffirmed its full-year guidance, projecting revenue between $2.070 and $2.100 billion.
John Wiley & Sons (NYSE: JW.A, JW.B) will announce its First Quarter 2022 results on September 2, 2021, before market open. A conference call is scheduled for 10 am ET the same day to discuss these results. Stakeholders can access the live audio webcast and presentation slides through Wiley’s Investor Relations website, ensuring transparent communication of financial performance. This release is a key event for investors seeking insights into the company's ongoing financial health and future outlook.
