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John Wiley & Sons, Inc. publishes authoritative research, learning, and professional content for researchers, students, instructors, professionals, institutions, and corporations. Company news commonly covers Research Publishing, Research Solutions, academic and professional learning products, journal portfolio expansion, and partnerships that license Wiley scientific and medical content for AI-enabled research and clinical tools.
Recurring updates also include quarterly earnings releases, margin and cash-flow commentary, AI and data services activity, capital allocation through dividends and share repurchases, and leadership changes tied to research, learning, data, and AI operations.
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.
Wiley (NYSE: WLY and WLYB) has declared a quarterly cash dividend of $0.3475 per share on its Class A and B Common Stock. This dividend is payable on October 26, 2022, to shareholders of record as of October 11, 2022. The annual dividend now totals $1.39 per share, marking an increase from $1.38 in Fiscal 2022. This increase represents Wiley's 29th consecutive year of raising its quarterly dividend.
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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.