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Last $43.32 USD
Change Today +1.10 / 2.61%
Volume 450.6K
SCHL On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

scholastic corp (SCHL) Snapshot

Open
$42.20
Previous Close
$42.22
Day High
$43.75
Day Low
$42.20
52 Week High
06/22/15 - $46.28
52 Week Low
10/13/14 - $30.49
Market Cap
1.4B
Average Volume 10 Days
258.9K
EPS TTM
$1.45
Shares Outstanding
31.7M
EX-Date
08/27/15
P/E TM
29.8x
Dividend
$0.60
Dividend Yield
1.39%
Current Stock Chart for SCHOLASTIC CORP (SCHL)

scholastic corp (SCHL) Details

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 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, Minecraft, and Geronimo Stilton. In addition, this segment publishes and creates ‘books plus’ products for children, including titles, such as Make Clay Charms, Nail Style Studio, and Lego Chain Reactions. The Education segment is involved in the publication and distribution of children’s books, classroom magazines, supplemental classroom materials, and custom curriculum and teaching guides, as well as print and on-line reference, and non-fiction products for pre-kindergarten to grade 12 in schools and libraries. It publishes non-fiction and fiction books under the imprints of Children’s Press and Franklin Watts; and Instructor magazine and various digital advertising properties. The International segment licenses the rights to selected Scholastic titles in 45 languages to other publishing companies; and sells educational materials, software, and children’s books to schools, libraries, bookstores, and other book distributors in approximately 150 countries. The company distributes its products and services directly to schools and libraries through retail stores and the Internet. Scholastic Corporation was founded in 1920 and is headquartered in New York, New York.

8,900 Employees
Last Reported Date: 07/29/15
Founded in 1920

scholastic corp (SCHL) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $970.0K
Chief Financial Officer, Chief Administrative...
Total Annual Compensation: $1.3M
Executive Vice President and President of Sch...
Total Annual Compensation: $1.1M
President of Reading Club and E-Commerce
Total Annual Compensation: $674.5K
President of Scholastic Book Fairs Inc
Total Annual Compensation: $550.0K
Compensation as of Fiscal Year 2015.

scholastic corp (SCHL) Key Developments

Scholastic Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended May 31, 2015; Reports Asset Impairments for the Fourth Quarter Ended May 31, 2015; Provides Earnings Guidance for the Fiscal 2016

Scholastic Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended May 31, 2015. For the quarter, the company reported revenues from continuing operations of $487.7 million, basically flat with the $489.0 million recorded in the fourth quarter of 2014, reflecting higher sales in the company's Children's Book Publishing and Distribution and Education (formerly Classroom and Supplemental Materials Publishing) segments, offset by lower sales in the company's International segment, which were impacted by unfavorable foreign exchange of $10.3 million in the quarter. Operating income from continuing operations fell 12% to $33.5 million, compared to $38.0 million a year ago, mostly due to lower margin contribution from the International segment. Earnings per diluted share from continuing operations were $0.52, compared to $0.67 per diluted share in the fourth quarter of 2014. Fourth quarter 2015 results included one-time pre-tax charges of $22.9 million, primarily related to unabsorbed overhead associated with the former EdTech business, the non-cash write-down of certain production and programming assets and related goodwill, one-time severance paid in connection with cost reduction and restructuring programs, and the discontinuance of certain outdated technology platforms. These one-time items resulted in after-tax charges of $14.0 million, or $0.41 per share, in the current period. Excluding these special items in both years, fourth quarter 2015 operating income was $56.4 million, compared to $63.0 million in the prior year period, a decrease of 10%, and earnings per diluted share from continuing operations decreased 17% to $0.93, compared to $1.12 in the fourth quarter of 2014. Earnings from continuing operations before income taxes were $32.5 million against $35.9 million a year ago. Net income was $282.3 million or $8.30 per diluted share against $28.1 million or $0.85 per diluted share a year ago. Net cash provided by operating activities was $58.0 million against $71.5 million a year ago. Additions to property, plant and equipment were $10.1 million against $7.5 million a year ago. For the year, total revenues from continuing operations were $1.64 billion, an increase of 5% from $1.56 billion in 2014, reflecting higher sponsor growth and order volume in school-based book clubs, continued growth in school book fairs, growth in the Education segment including increased circulation in classroom magazines and strong demand for the company's guided reading and summer reading programs, partially offset by a drop in international sales attributable to the strength of the USD overseas resulting in unfavorable foreign currency translation of $19.7 million. Operating income from continuing operations was $32.9 million, compared to $10.4 million in 2014. Earnings per diluted share from continuing operations were $0.46 for the fiscal year, compared to $0.41 in the prior year, which include one-time charges of $0.83 and $0.76 per diluted share, respectively. Excluding special one-time items, operating income was $79.6 million, compared to $69.6 million a year ago, an increase of 14%. For fiscal 2015, earnings per diluted share from continuing operations excluding one-time items were $1.29 versus $1.17 in fiscal 2014, an increase of 10%. Earnings from continuing operations before income taxes were $29.9 million against loss from continuing operations before income taxes of $2.3 million a year ago. Net income was $294.6 million or $8.80 per diluted share against $44.4 million or $1.36 per diluted share a year ago. Net cash provided by operating activities was $166.9 million against $156.8 million a year ago. Additions to property, plant and equipment were $30.7 million against $27.0 million a year ago. The company expects total revenue in fiscal 2016 of approximately $1.7 billion and earnings per diluted share in the range of $1.35 to $1.55, before the impact of one-time items, with steady, but moderate, growth across the majority of its businesses. Fiscal 2016 free cash flow is expected to be in between $35 to $45 million, compared to $73.7 million in fiscal 2015. The fiscal 2016 free cash flow outlook does not include an expected one-time tax payment on the gain on the sale of the EdTech business of approximately $186 million. The lower free cash flow estimate is primarily attributable to transaction-related expenses incurred in the fiscal 2015 year but scheduled to be paid in fiscal 2016, as well as the impact of the current year's discontinued operations on next year's free cash flow. This outlook includes capital expenditures of $40 to $50 million, compared to $30.7 million in fiscal 2015, and prepublication and production spending of approximately $30 to $40 million, compared to $62.5 million in fiscal 2015, which included the EdTech business. For the fourth quarter ended May 31, 2015, the company recorded asset impairments of $12.9 million against $14.6 million a year ago.

Scholastic Corporation Declares Cash Dividend for the First Quarter of Fiscal 2016, Payable on September 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 first quarter of fiscal 2016. The dividend is payable on September 15, 2015 to all shareholders of record as of the close of business on August 31, 2015.

Scholastic Corporation to Report Q4, 2015 Results on Jul 23, 2015

Scholastic Corporation announced that they will report Q4, 2015 results at 8:30 AM, US Eastern Standard Time on Jul 23, 2015

 

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Industry Analysis

SCHL

Industry Average

Valuation SCHL Industry Range
Price/Earnings 94.0x
Price/Sales 0.9x
Price/Book 1.2x
Price/Cash Flow 4.2x
TEV/Sales 0.6x
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