Welcome to our dedicated page for Scholastic news (Ticker: SCHL), a resource for investors and traders seeking the latest updates and insights on Scholastic stock.
Scholastic Corporation (NASDAQ: SCHL) is widely known as a global children's publishing, education and media company, and its news flow reflects that focus on literacy, content and capital allocation. Company press releases and filings regularly describe Scholastic as the world's largest publisher and distributor of children's books, a provider of literacy curriculum and classroom magazines, and a producer of children's media with reach into more than 135 countries.
News related to SCHL often centers on financial results, strategic initiatives and developments across its segments. Earnings announcements provide updates on the performance of Children's Book Publishing and Distribution, Education Solutions, Entertainment and International, with commentary on trends in book fairs, book clubs, trade publishing and education funding. These releases also highlight the impact of major franchises such as Dog Man, The Hunger Games and Harry Potter on global publishing and international sales.
Investors following Scholastic news can also expect updates on capital allocation and balance sheet actions. Recent items have included details on sale-leaseback transactions for the company’s New York City headquarters and Jefferson City, Missouri distribution center, the resulting net proceeds, and how those proceeds relate to priorities such as debt reduction and share repurchases. Dividend declarations and changes to share repurchase authorizations are another recurring theme.
Governance and leadership developments appear in SCHL news as well, including board changes, director appointments, and management roles tied to growth strategy and education operations. For example, the company has announced new leadership for its education division and described efforts to refine product portfolios and go-to-market execution in a challenging funding environment.
This news page aggregates these types of updates so readers can follow Scholastic’s financial performance, strategic decisions, educational initiatives and IP-driven media activities over time.
Scholastic (NASDAQ: SCHL) has appointed Jeffrey Mathews as Executive Vice President, Corporate Development and Investor Relations, effective immediately. Mathews will join the executive committee to identify investment and partnership opportunities for growth. His role includes enhancing shareholder engagement and communicating with the investment community. Previously, he served as Managing Partner at Gagnier Communications and held various positions at Scholastic, contributing to corporate strategy and investor relations. The company aims to leverage his experience to strengthen its market position and stakeholder value.
Scholastic Corporation (NASDAQ: SCHL) announced the acquisition of Learning Ovations, the creator of the A2i literacy assessment and instructional system. This acquisition aims to enhance Scholastic's literacy platform by integrating data-driven assessments and professional learning resources with their existing portfolio. The A2i system, backed by extensive research, is proven to improve literacy outcomes in students aged preK-3, aligning with the Science of Reading. The transaction details were not disclosed, but this integration is seen as critical in supporting educators and enhancing children's reading success post-COVID disruptions.
Scholastic announced the launch of Dav Pilkey's Epic Comic Club, a global platform for kids to create comics, coinciding with the upcoming release of the new graphic novel DOG MAN: TWENTY THOUSAND FLEAS UNDER THE SEA on March 28, 2023. The platform offers a safe space for children to upload comics and access free resources. Dav Pilkey's books have sold over 50 million copies, with a movie adaptation in development. Scholastic aims to foster creativity among children and celebrate the upcoming 25th anniversary of the Captain Underpants series.
Scholastic Corporation (NASDAQ: SCHL) reported a robust financial performance for the fiscal fourth quarter and full year ended May 31, 2022. The company achieved a 28% year-over-year revenue growth to $514.4 million and a significant operating income increase of $55.8 million, totaling $65.5 million. This growth was driven by successful in-person book fairs and strong educational product demand. Scholastic expects 2023 revenue to rise by 8%-10% compared to fiscal 2022, and has raised its quarterly dividend by 33% to $0.20 per share, reflecting confidence in ongoing performance.
Scholastic Corporation (NASDAQ: SCHL) has announced a 33% increase in its quarterly dividend, raising it from $0.15 to $0.20 per share. This new dividend rate will take effect starting with the payment for the first quarter of fiscal 2023, set for September 15, 2022. Shareholders registered by August 31, 2022 will be eligible for this dividend. The annual dividend now stands at $0.80 per share, reflecting the company's commitment to returning value to its investors.
Scholastic Corporation (NASDAQ:SCHL) announced the schedule for its fourth quarter and fiscal year 2022 earnings release, set for July 21, 2022 at 4:00 PM Eastern Time. A conference call will follow at 4:30 PM, hosted by CEO Peter Warwick and CFO Kenneth Cleary. Investors can access the live webcast on the investor relations page of Scholastic's website. Archived webcasts and slides will be available post-call. Scholastic continues to be a leading provider of children’s books and educational materials, promoting literacy and learning globally.
Scholastic will publish BIG TREE, an illustrated novel by Brian Selznick, on April 4, 2023, globally. Inspired by an idea from Steven Spielberg and guided by Chris Meledandri of Illumination, this ambitious 528-page book follows two sycamore seeds, Louise and Merwin, on an epic adventure to save the world. The novel is richly illustrated with nearly 300 graphite images and is aimed at readers aged seven and up. It promotes themes of nature and resilience, printed on FSC-certified paper, reflecting Scholastic's commitment to education and environmental responsibility.
The Governor's Early Literacy Foundation, in partnership with Scholastic, is expanding its K-3 Home Library program across Tennessee, aiming to combat summer learning loss. The initiative will deliver 970,000 books to 162,000 teachers and students this summer, providing each participant with six age-appropriate books at no cost. This is part of a larger effort to improve literacy, as only 32% of Tennessee's third graders read proficiently. The program has grown by 403% since 2020 and aims to foster a culture of reading and academic success.
Scholastic has launched its Summer Reading program, running until August 19, to enhance children's reading experiences and support academic growth. Hosted on Scholastic Home Base, the program allows kids to read free e-books, attend virtual author events, and contribute to unlocking a donation of 100,000 books through Save the Children. The initiative aims to address the lack of access to books for many children in rural America. Participating kids can earn rewards, join reading circles, and share progress with caregivers.
Scholastic Kids Press has launched its annual call for applications, inviting students aged 10-14 to apply for the 2022-23 school year. This initiative, designed to empower young journalists, allows participants to cover issues relevant to children worldwide. Alongside this, Scholastic is introducing Reporting the News, a free resource featuring five lessons, activity pages, and 'how-to' videos aimed at enhancing media literacy and journalism skills for students in grades 4-6. Applications are due by June 1, 2022.
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