July 23, 2017 5:59 PM ET

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Company Overview of Scholastic Corporation

Company Overview

Scholastic Corporation, together with its subsidiaries, publishes and distributes children’s books worldwide. It operates through three segments: Children’s Book Publishing and Distribution, Education, and International. The Children’s Book Publishing and Distribution segment engages in the publication and distribution of children’s books, e-books, media, and interactive products through its school book clubs and book fairs, and trade channel. Its original publications include Harry Potter, The Hunger Games, The 39 Clues, Spirit Animals, The Magic School Bus, I Spy, Captain Underpants, Goosebumps, and Clifford The Big Red Dog; and licensed properties consist of Star Wars, Lego, Pokemon, and ...

557 Broadway

New York, NY 10012

United States

Founded in 1920

Phone:

212-343-6100

Key Executives for Scholastic Corporation

Chairman, Chief Executive Officer and President
Age: 80
Total Annual Compensation: $970.0K
Chief Financial Officer, Chief Administrative Officer and Executive Vice President
Age: 55
Total Annual Compensation: $750.0K
Executive Vice President and President of Book Clubs
Age: 59
Total Annual Compensation: $674.5K
President of Scholastic Book Fairs Inc
Age: 63
Total Annual Compensation: $587.1K
Executive Vice President, General Counsel, Secretary and Director
Age: 76
Total Annual Compensation: $600.0K
Compensation as of Fiscal Year 2016.

Scholastic Corporation Key Developments

Scholastic Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended May 31, 2017; Provides Earnings Guidance for the Fiscal Year 2018; Reports Impairments for the Fourth Quarter Ended May 31, 2017

Scholastic Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended May 31, 2017. For the quarter, the company’s revenues were $499.6 million against $513.8 million a year ago. Operating income was $64.2 million against $58.4 million a year ago. Earnings from continuing operations before income taxes were $64.2 million against $58.1 million a year ago. Earnings from continuing operations were $39.6 million or $1.11 per diluted share against $34.9 million or $1.00 per diluted share a year ago. Net income was $39.4 million or $1.10 per diluted share against $34.0 million or $0.97 per diluted share a year ago. Net cash provided by operating activities was $28.0 million against $72.7 million a year ago. Additions to property, plant and equipment was $29.6 million against $13.6 million a year ago. For the year, the company’s revenues were $1,741.6 million against $1,672.8 million a year ago. Operating income was $88.9 million against $67.6 million a year ago. Earnings from continuing operations before income taxes were $87.9 million against $68.7 million a year ago. Earnings from continuing operations were $52.5 million or $1.48 per diluted share against $44.0 million or $1.26 per diluted share a year ago. Net income was $52.3 million or $1.47 per diluted share against $40.5 million or $1.16 per diluted share a year ago. Net cash provided by operating activities was $141.4 million against net cash used in operating activities of $78.9 million a year ago. Additions to property, plant and equipment was $65.7 million against $35.6 million a year ago. Net debt at the end of the year was $437.9 million against $393.4 million a year ago. For the quarter, the company’s asset impairments were $6.8 million against $7.5 million a year ago. For the fiscal year 2018, the company expects total revenue of $1.65 to $1.70 billion. Earnings per diluted share in the range of $1.20 to $1.30. Free cash flow is expected to be a use of $10 to $20 million, compared to a source of $48.8 million in fiscal 2017. Capital expenditures of $90 to $100 million, compared to $65.7 million in fiscal 2017, and prepublication and production spending of $30 to $40 million, compared to $26.9 million in fiscal 2017.

Scholastic Corporation Declares Quarterly Cash Dividend on its Class A and Common Stock for the First Quarter of Fiscal 2018, Payable on September 15, 2017

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 first quarter of fiscal 2018. The dividend is payable on September 15, 2017 to all shareholders of record as of the close of business on August 31, 2017.

Scholastic Corporation to Report Q4, 2017 Results on Jul 20, 2017

Scholastic Corporation announced that they will report Q4, 2017 results at 8:30 AM, Eastern Daylight on Jul 20, 2017

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