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Last $39.03 USD
Change Today -0.46 / -1.16%
Volume 175.8K
SCHL On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

scholastic corp (SCHL) Key Developments

Scholastic Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended February 28, 2015; Reaffirms Earnings Guidance for the Fiscal 2014

Scholastic Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended February 28, 2015. For the quarter, the company’s revenue was $382.1 million compared to $373.5 million a year ago. Operating loss was $35.2 million against $34.3 million last year. Loss from continuing operations before income taxes was $35.9 million against $40.9 million last year. Loss from continuing operations were $22.1 million or $0.68 per diluted share against $12.1 million or $0.38 per diluted share last year. Net loss was $22.1 million or $0.68 per diluted share against $12.1 million or $0.38 per diluted share last year. Net cash provided by operating activities was $18.0 million against $3.8 million last year. Additions to property, plant and equipment was $7.2 million against $5.3 million last year. At quarter-end, the company's net debt was $69.5 million, compared to $157.7 million a year ago. The year-over-year improvement in third quarter operating results was largely driven by stronger sales in children's books, especially in the company's school-based distribution channels, higher circulation of the company's classroom magazines, and increased sales of the company's classroom books and literacy initiatives.   For the nine months, the company’s revenue was $1,331.5 million compared to $1,273.0 million a year ago. Operating income was $24.2 million against $14.5 million last year. Earnings from continuing operations before income taxes were $22.2 million against $3.9 million last year. Earnings from continuing operations were $12.5 million or $0.37 per diluted share against $16.1 million or $0.50 per diluted share last year. Net income was $12.3 million or $0.37 per diluted share against $16.3 million or $0.50 per diluted share last year. Net cash provided by operating activities was $108.9 million against $85.3 million last year. Additions to property, plant and equipment was $20.6 million against $19.4 million last year. The company affirmed its fiscal 2015 outlook for total revenue of approximately $1.9 billion and earnings per diluted share from continuing operations in the range of $1.80 to $2.00, before the impact of one-time items associated with cost reduction programs and non-cash, non-operating items.  The company continues to expect free cash flow in the range of $65 to $85 million.

Scholastic Corporation Declares Cash Dividend for the Fourth Quarter of Fiscal 2015, Payable on June 15, 2015

Scholastic Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.15 per share on the company's Class A and Common Stock for the fourth quarter of fiscal 2015. The dividend is payable on June 15, 2015 to all shareholders of record as of the close of business on April 30, 2015.

Scholastic Corporation to Report Q3, 2015 Results on Mar 26, 2015

Scholastic Corporation announced that they will report Q3, 2015 results at 7:00 AM, US Eastern Standard Time on Mar 26, 2015

Scholastic Corporation, Q3 2015 Earnings Call, Mar 26, 2015

Scholastic Corporation, Q3 2015 Earnings Call, Mar 26, 2015

Scholastic Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended November 30, 2014; Affirms Earnings Guidance for the Fiscal 2015; Reports Impairment Charges for the Quarter Ended November 30, 2014

Scholastic Corporation reported unaudited consolidated earnings results for the second quarter and six months ended November 30, 2014. For the quarter, the company reported revenues of $665.6 million against $623.2 million a year ago. Operating income was $112.8 million against $94.7 million a year ago. Earnings from continuing operations before income taxes were $112.4 million against $92.6 million a year ago. Earnings from continuing operations were $68.6 million or $2.06 diluted earnings per share against $58.3 million or $1.08 diluted earnings per share a year ago. Net income was $68.5 million or $2.05 diluted earnings per share against $58.3 million or $1.80 diluted earnings per share a year ago. Net cash provided by operating activities was $146.7 million against $152.3 million a year ago. Additions to property, plant and equipment were $6.1 million against $6.8 million a year ago. For the six months, the company reported revenues of $949.4 million against $899.5 million a year ago. Operating income was $59.4 million against $48.8 million a year ago. Earnings from continuing operations before income taxes were $58.1 million against $44.8 million a year ago. Earnings from continuing operations were $34.6 million or $1.04 diluted earnings per share against $28.2 million or $0.87 diluted earnings per share a year ago. Net income was $34.4 million or $1.04 diluted earnings per share against $28.4 million or $0.88 diluted earnings per share a year ago. Net cash provided by operating activities was $90.9 million against $81.5 million a year ago. Additions to property, plant and equipment were $13.4 million against $14.1 million a year ago. The company affirmed its fiscal 2015 outlook for total revenue of approximately $1.9 billion and earnings per diluted share from continuing operations in the range of $1.80 to $2.00, before the impact of one-time items associated with cost reduction programs or non-cash, non-operating items. The company continues to expect free cash flow in the range of $65 to $85 million. For the quarter, the company reported asset impairments of $2.9 million against $13.4 million a year ago.

 

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Industry Analysis

SCHL

Industry Average

Valuation SCHL Industry Range
Price/Earnings 32.3x
Price/Sales 0.7x
Price/Book 1.4x
Price/Cash Flow 13.8x
TEV/Sales 0.6x
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