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.
On September 2, 2021, Scholastic announced that Gwendoline Christie will narrate the audiobook of Kaleidoscope, a book by bestselling author Brian Selznick. The story, releasing on September 21, 2021, explores themes of love and loss and is already receiving acclaim with multiple starred reviews. The audiobook will also feature original music by Robert Een, enhancing the immersive experience. Scholastic’s President, Lori Benton, highlighted the unique reading experience, emphasizing the anticipation surrounding this release.
Scholastic Corporation (NASDAQ: SCHL) reported its fiscal 2021 results with a 41% increase in Q4 revenues to $401.4 million, though total yearly revenues dropped 13% to $1.30 billion due to pandemic impacts. The fourth-quarter operating income rose sharply by 121% to $9.7 million, aided by cost-saving measures. Adjusted EBITDA showed a significant improvement of 147% at $139.6 million. The company anticipates revenues to grow in fiscal 2022 as market conditions improve, particularly in their book fairs segment. Key titles and digital products are projected to drive growth.
Scholastic Corporation (NASDAQ: SCHL) has declared a quarterly cash dividend of $0.15 per share on its Class A and Common Stock for Q1 fiscal 2022. This dividend is payable on September 15, 2021, for shareholders recorded by the close of business on August 31, 2021. Scholastic is a leading publisher and distributor of children's books and educational media, committed to promoting literacy and learning across international markets.
On July 19, 2021, Scholastic Corporation announced the appointment of Peter Warwick as President and CEO, effective August 1, 2021. Warwick, a board member since 2014, succeeds the late Richard Robinson. He aims to uphold Scholastic's mission in children's literacy and education while enhancing stakeholder value. Additionally, Iole Lucchese and Robert Dumont were newly appointed to the Board of Directors, strengthening leadership for future growth. The changes follow Robinson's passing, ensuring continuity in Scholastic's strategic direction.
Scholastic Corporation (NASDAQ: SCHL) has announced its schedule for the fourth quarter and fiscal year 2021 earnings release, set for July 22, 2021, at approximately 4:00 PM Eastern Time. The earnings report will be available on the company’s investor and media websites. A conference call will follow at 4:30 PM, featuring key executives including CFO Kenneth Cleary. Participants can join via phone or listen through a live webcast. Archived audio will be available until July 30, 2021.
Scholastic has launched Rising Voices: Books Empowering Girls in STEAM, a classroom library collection aimed at K–5 students. This initiative promotes culturally relevant literature and teaching materials to enhance literacy and social-emotional learning. Addressing gender disparity in STEAM fields, where women constitute only 27% of the workforce, the collection features stories of female protagonists excelling in various STEAM disciplines. It includes 150 engaging texts, teaching guides, and resources to foster inclusive educational environments.
On June 6, 2021, Scholastic Corporation (NASDAQ: SCHL) reported the unexpected passing of its Chairman and CEO, M. Richard Robinson, Jr., at the age of 84. Robinson had significantly influenced the company's strategic direction for nearly five decades. In light of this loss, the Board of Directors expressed deep sorrow, highlighting his contributions to children's literacy and education. The company's operations will continue without interruption under the leadership of James Barge, the lead independent director, along with other executives, while the board will convene to discuss the future leadership and direction.
Scholastic has launched PreK On My Way, a new comprehensive early childhood program that provides print and digital resources in English and Spanish. Developed in collaboration with Yale Child Study Center and UTHealth, this initiative aims to enhance social-emotional learning and vocabulary skills through a research-based curriculum. Key features include over 350 books, hands-on learning activities, family engagement portals, and extensive teacher support. Scholastic leverages over a century of experience in educational resources to support children entering PreK this fall.
Scholastic (NASDAQ: SCHL) announced the appointments of Raghushri Sankaran as Senior Vice President and Chief Information Officer, and Kevin Conklin as Senior Vice President of Corporate Operations. Both join the Management Executive Committee and report to CEO Richard Robinson. Sankaran brings over 20 years of experience, previously leading technology transformations at Scholastic, while Conklin, with 25 years in operations, will oversee global supply chain activities. These appointments aim to enhance Scholastic's technology and operational effectiveness, improving access to educational resources for children globally.
Scholastic's Summer Reading program runs from April 26 to September 3, 2021, focusing on keeping children engaged in reading during summer. With 99% of educators affirming that reading for fun boosts academic success, the initiative provides free access to e-books, virtual author events, and a chance to unlock 100,000 donated print books through participation. Scholastic partners with Save the Children to distribute books in rural areas. The program emphasizes motivation and interaction to foster a love for reading among kids.
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