Wiley Reports Third Quarter Fiscal 2021 Results
John Wiley & Sons, Inc. (NYSE:JWA)(NYSE:JWB), a global leader in research and education, today announced results for the third quarter ended January 31, 2021.
THIRD QUARTER SUMMARY
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GAAP Results: Revenue of
$483 million (+3% ) and EPS of$0.39 (-$0.24) due to restructuring charges of$0.28 primarily related to real estate capacity reduction -
Adjusted Results at constant currency (cc): Revenue +
2% , EBITDA +7% , and EPS +6% - Full Year Outlook raised for Revenue, Adjusted EBITDA, Adjusted EPS and Free Cash Flow
MANAGEMENT COMMENTARY
“Wiley’s strategic focus and solid execution in open research and online education continue to yield strong results,” said Brian Napack, President and CEO. “During the quarter, we accelerated our Research growth strategy with the acquisition of Hindawi, a rapidly-growing leader in open access publishing, and we strengthened the Wiley network with new university and corporate partners for online degree and talent development services.”
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