March 02, 2015 3:16 PM ET

Media

Company Overview of Scholastic Corporation

Company Overview

Scholastic Corporation operates as a children’s publishing, education, and media company in the United States. The company’s Children’s Book Publishing and Distribution segment publishes and distributes children’s books, media, and interactive products through school-based book clubs and book fairs, and the trade channel. Its Educational Technology and Services segment produces and distributes curriculum-based learning technology and materials for grades pre-kindergarten to 12, as well as provides related implementation and assessment, and school consulting services. The company’s Classroom and Supplemental Materials Publishing segment publishes and distributes children’s books, classroom ma...

557 Broadway

New York, NY 10012

United States

Founded in 1920

9,700 Employees

Phone:

212-343-6100

Key Executives for Scholastic Corporation

Chairman, Chief Executive Officer, President and Chairman of Executive Committee
Age: 77
Total Annual Compensation: $970.0K
Chief Financial Officer, Chief Administrative Officer and Executive Vice President
Age: 52
Total Annual Compensation: $750.0K
Executive Vice President and President of Scholastic Education
Age: 62
Total Annual Compensation: $687.9K
Executive Vice President and President of Book Clubs
Age: 56
Total Annual Compensation: $674.5K
President of Scholastic Book Fairs Inc
Age: 60
Total Annual Compensation: $513.5K
Compensation as of Fiscal Year 2014.

Scholastic Corporation Key Developments

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.

Scholastic Corporation Declares Quarterly Cash Dividend, Payable on March 16, 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 third quarter of fiscal 2015. The dividend is payable on March 16, 2015 to all shareholders of record as of the close of business on January 30, 2015.

Scholastic Corporation to Report Q2, 2015 Results on Dec 18, 2014

Scholastic Corporation announced that they will report Q2, 2015 results at 8:30 AM, US Eastern Standard Time on Dec 18, 2014

Similar Private Companies By Industry

Company Name Region
Paw Marketing, Inc United States
Aisle7 United States
Circular Advertising Company, Inc. United States
Pulitzer Newspapers, Inc. United States
Sky Global Networks, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Scholastic Corporation, please visit www.scholastic.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.