Welcome to our dedicated page for Wiley John & Sons news (Ticker: WLY), a resource for investors and traders seeking the latest updates and insights on Wiley John & Sons stock.
John Wiley & Sons, Inc. reports developments across its research publishing, research intelligence, and learning businesses. Company news commonly covers quarterly results, Research and Learning performance, AI and data services initiatives, scientific and medical content licensing, open access and journal portfolio expansion, and technology partnerships supporting customer platforms.
Wiley updates also include book publishing announcements, quarterly dividends, share repurchase activity, and leadership changes tied to its Research organization. Its disclosures frequently reference authoritative content, peer-reviewed journals, courseware, assessments, and platforms serving researchers, students, instructors, professionals, institutions, corporations, and R&D teams.
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Wiley (NYSE: WLY and WLYB) has declared a quarterly cash dividend of $0.3475 per share, payable on April 25, 2023, to shareholders of record on April 11, 2023. This represents an annual dividend of $1.39 per share, up from $1.38 in Fiscal 2022. Notably, this marks the 29th consecutive year that Wiley has increased its quarterly dividend. The company continues its commitment to delivering value to shareholders through consistent dividend growth.
Wiley Edge has partnered with Columbia University's School of Engineering and Applied Science to address labor market gaps in technology skills. This collaboration allows Wiley Edge graduates to earn certificates from Columbia Engineering after completing training programs for in-demand tech roles. The partnership aims to combat a projected talent shortage that could cost businesses trillions by the decade's end, particularly $162 billion annually in technology alone. With a focus on experiential learning and workforce readiness, this initiative enhances career opportunities for graduates while supporting corporate clients' needs for skilled talent.
Wiley (NYSE: WLY) reported a third-quarter revenue of $491 million, reflecting a 5% decline year-over-year due to a goodwill impairment and restructuring costs. The operating loss reached $67 million, compared to a profit of $46 million in the previous year. The EPS loss stood at $1.29, attributed to a $100 million non-cash impairment charge.
Adjusted results indicated an Adjusted EBITDA of $98 million and an Adjusted EPS of $0.85, both lower than prior year figures. The company revised its fiscal outlook downward due to increased market challenges and a publishing pause at Hindawi.
Wiley (NYSE: WLY) is set to announce its third quarter 2023 results before the market opens on March 9, 2023. A conference call will follow at 10 am ET to discuss the financial results. Investors can access the live audio webcast and presentation slides via Wiley's Investor Relations website. The company emphasizes its role as a leading publisher and provider of scientific research and career-connected education worldwide. Additional information and resources will be archived for one year.
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