John Wiley and Sons Declares Quarterly Cash Dividend on Class A and Class B Common Stock, Payable on July 22, 2015
Jun 25 15
John Wiley and Sons announced that its Board of Directors has declared a quarterly cash dividend of $0.30 per share on its Class A and Class B Common Stock, payable on July 22, 2015 to shareholders of record on July 7, 2015. The new quarterly dividend reflects an increase of 3% over the previous quarterly dividend of $0.29 per share, and follows a 16% increase in June 2014.
John Wiley & Sons Mulls Acquisitions
Jun 25 15
John Wiley & Sons Inc. (NYSE:JW.A) intends to make acquisitions. Mark Allin, Wiley's President and Chief Executive Officer of the company said: "We are proud of our consistent cash flow performance and our history of strong shareholder returns. We expect further long-term improvement in free cash flow, including expected gains in profitability from our near-term investments, enabling us to continue making strategic acquisitions and return cash to shareholders."
John Wiley & Sons Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended April 30, 2015; Provides Earnings Guidance for the Year 2016
Jun 16 15
John Wiley & Sons Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended April 30, 2015. For the quarter, the company reported revenue of $441,646,000 against $457,089,000 a year ago. Operating income was $58,063,000 against $47,542,000 a year ago. Income before taxes was $53,754,000 against $44,327,000 a year ago. Net income was $46,897,000 against $35,891,000 a year ago. Earnings per diluted share were $0.79 against $0.60 a year ago. Adjusted earnings per diluted share was $0.81 against $0.77 a year ago, due to restructuring savings, higher gross margins from the shift to digital, and a lower effective income tax rate.
For the full year, the company reported revenue of $1,822,440,000 against $1,775,195,000 a year ago. Operating income was $237,739,000 against $206,673,000 a year ago. Income before taxes was $225,461,000 against $195,534,000 a year ago. Net income was $176,868,000 against $160,510,000 a year ago. Earnings per diluted share were $2.97 against $2.70 a year ago. Adjusted earnings per diluted share were $3.26 against $3.05 a year ago. Cash Provided by Operating Activities was $355,122,000 against $348,224,000 a year ago. Additions to technology, property and equipment were $69,221,000 against $57,564,000 a year ago. Net debt (long-term debt less cash and cash equivalents) at the end of April was $293 million.
Fiscal Year 2016 outlook of low-single-digit revenue growth and flat EPS growth on a constant currency basis and excluding the adverse transitional impact of shifting to time-based journal subscription agreements. Free cash flow will be lower in fiscal 2016 due to near-term investments with Capex expected to increase by roughly $35 million. Driving the Capex increase is the investment in ERP and related systems, which will enable future operating efficiency gains. The increase in capital expenditures also includes the remodeling and transformation of Hoboken headquarters, which will enable consolidation savings and productivity gains over time. All in, the company continues to see very positive long-term trends for cash flow, including the expected gains in profitability from near-term investments in the business.
John Wiley & Sons Inc. Announces Partnership with PCG Education to Bring Paths to College and Career
Jun 9 15
John Wiley and Sons Inc. announced a partnership with PCG Education to bring the Paths to College and Career curriculum to classrooms nationwide. The Paths to College and CareerEnglish Language Arts(ELA)curriculumprovides a pathway for teachers, and schools to help students achieve college and career readiness. Originally developed by PCG Education for the New York State Education Department and its EngageNY platform, this highly regarded curriculum was built from the ground up over a three-year period to address the Common Core State Standards and reflects a deep understanding of the standards and assessments. Paths to College and Career offers an improved and readily accessible version of the EngageNY curriculum. Written with a focus on the shifts in instructional practice and student experiences the standards require, it includes daily lesson plans, guiding questions, recommended texts, scaffolding strategies and other classroom resources. Wiley has worked closely with PCG Education to provide a curriculum that is flexible, user friendly, engaging and purposefully built to prepare students for career, college and life in general. At each grade level, Paths to College and Career delivers a yearlong curriculum that develops all student abilities to: Read closely and engage in text-based discussions; Build evidence-based claims and arguments; Conduct research and write from sources; and Expand their academic vocabulary.
Wiley to Publish Alcatel-Lucent’s New Service Routing Architect Self-Study Guide to Build Advanced Knowledge of IP/MPLS
Jun 8 15
Wiley announced the availability of Alcatel-Lucent’s latest technology publication, Alcatel-Lucent Service Routing Architect (SRA) Self-Study Guide: Preparing for the BGP, VPRN and Multicast Exams (Wiley, 978-1-118-87515-5, May 2015, USD 90.00). The book is the official self-study guide for preparing for the Alcatel-Lucent Service Routing Architect (SRA) exams and certification and is also a valuable resource and reference guide for any industry professional looking to expand their knowledge and skill set on the way to becoming an IP subject matter expert. With nearly 1,200 pages of printed content and an additional 900 pages of authoritative online information, the Alcatel-Lucent Service Routing Architect (SRA) Self-Study Guide focuses on many of the more advanced areas of IP/MPLS routing and switching technology used by service providers to build and maintain large, scalable virtual private networks for IP and multicast services delivery. In addition to this information, the guide has many practical configuration and troubleshooting examples. Pre- and post-chapter assessment questions are included with all seventeen chapters, along with practical lab exercises to ensure readers gain working knowledge on implementation of the technology. Sample written exam questions are also included to provide readers with guidance and strategies on how to prepare for the Alcatel-Lucent SRA certification exam. Alcatel-Lucent Service Routing Architect (SRA) Self-Study Guide: Preparing for the BGP, VPRN and Multicast Exams is now available for purchase online and at retailers nationwide in both print and all e-book formats.