Welcome to our dedicated page for John Wiley & Sons news (Ticker: WLY), a resource for investors and traders seeking the latest updates and insights on John Wiley & 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.
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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Wiley (NYSE: WLY, WLYB) has declared a quarterly cash dividend of $0.3475 per share on its Class A and Class B Common Stock. This dividend will be payable on January 11, 2023, to shareholders of record on December 27, 2022. The dividend represents an annual increase to $1.39 per share, up from $1.38 in Fiscal 2022. This marks the 29th consecutive year that Wiley has raised its quarterly dividend, reflecting strong confidence in its financial performance and commitment to returning value to shareholders.
Wiley (NYSE: WLY) reported Q2 results for the period ending October 31, 2022, showing revenue of $515 million, down 3% YoY, with operating income decreasing by 22% to $57 million. GAAP EPS dropped 31% to $0.68. Adjusted results reflect a slight revenue growth of 1% at constant currency, but adjusted EPS fell 13% to $1.20. Due to consumer spending and enrollment challenges, the fiscal 2023 revenue outlook has been lowered to $2,110 - $2,150 million, while adjusted EBITDA guidance remains reaffirmed. Cash flow remains impacted by subscription collection timing.
Wiley (NYSE: WLY) will release its second quarter 2023 results before market open on December 7, 2022. A conference call is scheduled for 10 am ET to discuss the results. Investors can access the live audio webcast and presentation slides through Wiley's Investor Relations website. The conference call invites both US and Canada callers, as well as international participants, providing specific dial-in codes for ease of access. This event is crucial for stakeholders to gain insights into Wiley's financial performance.
Wiley (NYSE: WLY) has launched 'Wiley Partner Solutions' ahead of the Frankfurt Book Fair, aimed at aiding organizations in adapting to the open research environment. The new division will provide digital platforms and publishing solutions to support scholarly publishing. Led by Dr. Guido F. Herrmann, Wiley Partner Solutions will enhance the publishing process from manuscript submission to publication. Current partners include AAAS and IEEE. Recent initiatives highlight Wiley's commitment to innovation and collaboration in making research more accessible.