Scholastic Corporation reports developments tied to its global children’s publishing, education and media business. Company news commonly covers children’s books, school-based book clubs and book fairs, classroom magazines, literacy and knowledge-building resources, and entertainment or character-driven publishing such as Dog Man and Captain Underpants.
Scholastic updates also address quarterly operating results, activity in its Children’s Book Publishing and Distribution, Education Solutions, and International segments, and capital allocation actions. Recurring financial news includes dividends, common-stock repurchases, tender-offer activity, sale-leaseback transactions, credit-facility use, and balance-sheet management alongside initiatives that expand book access and reading engagement.
Scholastic (NYSE:SCHL), Dav Pilkey, and Little Free Library are launching 100 custom Little Free Libraries nationwide beginning April 7, 2026 to place book-sharing boxes in schools, public libraries, and book deserts through July for summer reading.
Funded by Dav Pilkey, each red-themed library features Pilkey illustrations and will be stocked with curated kids' books, including copies of Captain Underpants: The First Epic Manga.
Scholastic (NASDAQ: SCHL) commenced a modified "Dutch Auction" tender offer on March 23, 2026 to buy up to $200 million of common stock at a price between $36.00 and $40.00 per share, representing roughly 25% of outstanding shares at the $36 floor.
The offer expires April 20, 2026 at 5:00 p.m. New York time and is not contingent on a minimum tender or financing; directors and executive officers have said they will not tender shares.
Scholastic (NASDAQ: SCHL) announced a Board‑authorized repurchase program to buy up to $200 million of common stock via a modified Dutch auction.
The Offer targets a purchase price between $36.00 and $40.00 per share, is expected to commence on March 23, 2026 and expire at 5:00 p.m. ET on April 20, 2026, and may be funded from cash on hand and borrowings under the company’s revolving credit facility.
Scholastic (NASDAQ: SCHL) reported fiscal Q3 results: revenues $329.1M (down 2%), operating loss $26.9M, and adjusted EBITDA $0M. The company generated over $400M net from sale-leasebacks, produced $407M free cash flow, and returned ~$147M to shareholders.
The Board authorized a $300M repurchase program including a $200M modified Dutch auction at $36–$40 per share, established a 2.0–2.5x net leverage target, and reaffirmed full-year adjusted EBITDA of $146M–$156M and free cash flow > $430M.
Scholastic (NASDAQ: SCHL) declared a quarterly cash dividend of $0.20 per share on its Class A and Common Stock for Q4 fiscal 2026. The dividend is payable on June 15, 2026 to shareholders of record as of the close of business on April 30, 2026.
Scholastic (NASDAQ:SCHL) will release third quarter fiscal 2026 results on Thursday, March 19, 2026 at 4:00 PM ET, with an accompanying conference call at 4:30 PM ET the same day. The release will be posted and the call webcast on the company's investor relations site.
Peter Warwick, President and CEO, and Haji Glover, CFO and EVP, will host the call; an archived webcast, slides and audio replay will be available after the live call.
Scholastic (NASDAQ: SCHL) will mark the 40th anniversary of Ann M. Martin's The Baby-sitters Club with new publishing in 2026. On July 7, 2026 Scholastic will publish The Baby-sitters Club Fan Edition: Baby-sitter Summer, a multi-author spin-off including Ann M. Martin and six guest authors. On September 15, 2026 bestselling authors Raina Telgemeier and Gale Galligan will release The Baby-sitters Club Super Special: Baby-sitters on Board!, a graphic novel adaptation of the 1988 super special. Scholastic will also publish The Baby-sitters Club: Friendship Crafts in spring 2026, featuring a letter from Ann M. Martin and craft materials inspired by the series.
Scholastic (NASDAQ:SCHL) appointed Jeffrey Mathews as President, Scholastic Education, effective January 5, 2026, while he continues as Executive Vice President and Chief Growth Officer. Mr. Mathews has led the division as interim head since June 2025, focusing on high-impact offerings, go-to-market execution, and operational simplification to improve efficiency and profitability.
The company said Scholastic Education is positioned to drive long-term value through literacy leadership, trusted content, and partnerships, while acknowledging ongoing funding volatility and longer decision cycles in the supplemental instructional market.
Scholastic (Nasdaq: SCHL) completed a $386 million sale-leaseback of its New York City headquarters at 555–557 Broadway to a subsidiary of Empire State Realty Trust (NYSE: ESRT) on December 19, 2025. Scholastic sold the property and signed a 15-year lease with extension options, reducing its overall footprint while retaining long-term access to the space. Empire State Realty Trust will assume responsibility for ongoing property maintenance and capital improvements. The transaction is expected to generate significant net proceeds for Scholastic. Newmark (Nasdaq: NMRK) served as exclusive real estate advisor to Scholastic, led by Adam Spies, Joshua King and Avery Silverstein, with support from Adam Doneger and Marcella Fasulo.
Scholastic (NASDAQ: SCHL) reported fiscal Q2 results for the period ended Nov 30, 2025, with revenues of $551.1M (+1%), operating income $82.9M (+11%), diluted EPS $2.17 (+27%) and Adjusted EBITDA $122.5M (+13%).
The Company closed sale-leaseback transactions unlocking ~$401M net proceeds and raised its share repurchase authorization to $150M. Fiscal 2026 full-year Adjusted EBITDA outlook is affirmed at $146M–$156M after a partial-year $14M transaction impact; free cash flow is forecast to exceed $430M, reflecting the real-estate proceeds.