Wiley (JOHN) & Sons, Inc. Stock Price, News & Analysis

Wiley (NYSE: WLY) reported first-quarter results for the period ending July 31, 2022. Revenue totaled $488 million, unchanged from the previous year, with an operating loss of $17 million compared to a profit of $41 million last year. GAAP EPS was a loss of $0.32, down from a profit of $0.24.

Adjusted EBITDA decreased by 34% to $64 million, and Adjusted EPS fell 60% to $0.36, primarily due to elevated costs and market challenges. Despite these results, Wiley maintained its full-year guidance for revenue and earnings, citing strong momentum in key business areas.

Wiley (NYSE: WLY), a leader in scientific research and education, has been designated with a ‘Wide Moat’ and ‘Exemplary Stewardship’ ratings by Morningstar. The company's management, including President Brian Napack and CFO Christina Van Tassell, will participate in the virtual Morningstar Management Behind the Moat conference on September 7 at 2:00 PM ET. A replay of the webcast will be available on Wiley's Investor Relations website. This recognition underscores Wiley's long-standing impact on the knowledge ecosystem for over 200 years.

Wiley (NYSE: WLY) will announce its first quarter 2023 results on September 7, 2022, before the market opens. A conference call will follow at 10 am ET to discuss the results. The event will be accessible via a live audio webcast and presentation slides available on Wiley's Investor Relations website. The company has been a leader in research and education for over 200 years, offering high-impact content and services to support researchers and educators worldwide.

Wiley (NYSE: WLY, WLYB) has announced the appointment of Dr. Brian O’Harold Hemphill as a new member of its Board of Directors. Hemphill, who currently serves as President of Old Dominion University, brings nearly 30 years of higher education experience, focusing on access, innovation, and research. His leadership background includes notable roles at various institutions where he drove growth and diversity initiatives. Wiley's President and CEO, Brian Napack, expressed confidence that Hemphill's expertise will enhance Wiley's mission of unlocking human potential.

Wiley (NYSE: WLY, WLYB) declared a quarterly cash dividend of $0.3475 per share, payable on July 20, 2022, to shareholders of record on July 6, 2022. This marks an annual dividend increase to $1.39 per share, the 29th consecutive annual increase. In Fiscal 2022, Wiley achieved over $2 billion in revenue and delivered $223 million in free cash flow, distributing approximately $77 million for dividends and $30 million for share repurchases.

Wiley (WLY) reported its fourth quarter and fiscal year results for 2022, revealing revenue of $546 million (up 2%), operating income of $58 million (up 14%), and EPS of $0.76 (up 4%). Full-year revenue reached $2,083 million (up 7%), with operating income at $219 million (up 18%) and EPS slightly declining to $2.62 (down 0.4%). The company expects mid-single digit revenue growth for Fiscal 2023 but anticipates challenges from wage inflation and higher expenses impacting adjusted EPS.

Wiley (NYSE: WLY) will announce its fourth quarter and full year 2022 results on June 15, 2022, before market open. A conference call is scheduled for 10 am ET to discuss these results. Investors can access the live audio webcast and presentation slides on Wiley's Investor Relations website or through a dedicated link. Additionally, an archive of the webcast will be available for one year after the event.

Wiley (NYSE: WLY) has rebranded its talent development solution mthree to Wiley Edge, enhancing its integration within the company’s education portfolio. Since acquiring mthree in January 2020, Wiley has tripled its corporate partnerships and doubled the number of graduates placed in tech roles. With 71% of CEOs citing labor shortages as a major disruptor, Wiley Edge aims to address skills gaps by deploying trained graduates to meet corporate needs. The initiative also emphasizes diversity, with significant representation of underrepresented groups among placed graduates.

The state of Missouri has partnered with Wiley (NYSE: WLY) to enhance workforce initiatives for the unemployed and underemployed. This collaboration aims to help 100,000 citizens annually by leveraging Wiley Beyond’s tools, including the Workforce Optimizer, to match job seekers with training programs and job opportunities. The partnership builds on a successful pilot from 2021, demonstrating Missouri's commitment to aligning education and training with market needs. Wiley, with 80 corporate partners, offers over 1,200 educational programs to bridge skills gaps and boost employment.