October 24, 2016 8:45 AM ET


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

8,900 Employees



Key Executives for Scholastic Corporation

Chairman, Chief Executive Officer, President and Chairman of Executive Committee
Age: 79
Total Annual Compensation: $970.0K
Chief Financial Officer, Chief Administrative Officer and Executive Vice President
Age: 54
Total Annual Compensation: $750.0K
Executive Vice President and President of Book Clubs
Age: 58
Total Annual Compensation: $674.5K
President of Scholastic Book Fairs Inc
Age: 62
Total Annual Compensation: $587.1K
Executive Vice President, General Counsel, Secretary, Director and Member of Retirement Plan Committee
Age: 75
Total Annual Compensation: $600.0K
Compensation as of Fiscal Year 2016.

Scholastic Corporation Key Developments

Scholastic Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended August 31, 2016; Reaffirms Earnings Guidance for Fiscal Year 2017

Scholastic Corporation reported unaudited consolidated earnings results for the first quarter ended August 31, 2016. Revenue in the first quarter was $282.7 million, compared to $191.2 million a year ago, an increase of $91.5 million, or 48%. Operating loss from continuing operations was $63.1 million against a loss of $79.5 million in the prior year period, an improvement of 21%. The Company reported a first quarter loss per share from continuing operations of $1.15, against a loss per share from continuing operations of $1.46 in the prior year period. Net cash used in operating activities was $105.5 million in the current fiscal quarter compared to net cash used in operating activities of $291.7 million in the first quarter of fiscal 2016. Loss from continuing operations before income taxes was $63.4 million against $79.6 million a year ago. Loss from continuing operations was $39.5 million against $48.9 million a year ago. Net loss was $39.6 million or $1.15 loss per basic and diluted share of class A and common stock against $49.4 million or $1.48 loss per basic and diluted share of class A and common stock a year ago. Net debt was $275.5 million against $244.6 million a year ago. The company affirmed its fiscal 2017 outlook for total revenue of $1.7 to $1.8 billion and earnings per diluted share from continuing operations in the range of $1.60 to $1.70, excluding one-time items. Fiscal 2017 free cash flow is expected to be between $40 million and $50 million. As a reminder, this includes capital expenditures of $70 million to $80 million and pre-pub and production spending of $30 million to $40 million. As anticipated, the increase in capital spending is primarily related to the company’s headquarters construction plan as well as higher strategic technology spend as part of the company’s 3-year initiative to upgrade its enterprise-wide platforms, including for content and customer management solutions and the company’s transition to a more cost-effective e-commerce platform.

Scholastic Corporation Announces Second Quarter of Fiscal 2017 Dividend, Payable on December 15, 2016

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 second quarter of fiscal 2017. The dividend is payable on December 15, 2016 to all shareholders of record as of the close of business on October 31, 2016.

Scholastic Corporation to Report Q1, 2017 Results on Sep 22, 2016

Scholastic Corporation announced that they will report Q1, 2017 results at 8:30 AM, US Eastern Standard Time on Sep 22, 2016

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