$SCHL (Scholastic Corporation)

$SCHL {{ '2016-09-22T11:53:45+0000' | timeago}} • Announcement

Instructional materials provider for children $SCHL posted a loss during 1Q17, hurt by higher OpEx & operating loss. Net loss was $39.6MM or $1.15 loss per share vs. $49.4MM or $1.48 loss per share in 1Q16. Revenue rose 48% to $282.7MM vs. $191.2MM in 1Q16, helped by the Trade division's sales of Harry Potter and the Cursed Child, Parts 1 and 2.

$SCHL {{ '2017-07-19T18:02:35+0000' | timeago}} • Webcast

Book publisher $SCHL has declared a quarterly cash dividend of $0.15 per share on its class-A and common stock for 1Q18.  The dividend is payable on September 15, 2017, to shareholders of record as on August 31, 2017.

$SCHL {{ '2017-03-23T17:13:44+0000' | timeago}} • Webcast

In International, $SCHL saw overall growth in key emerging markets in Asia, such as India, China, Philippines, and Malaysia, where revenue grew by 3% in local currency terms. Additionally, growth was also realized in company’s export business, especially in Latin America, which was up by 21% in 3Q17 compared to a year ago.

$SCHL {{ '2017-03-23T17:07:14+0000' | timeago}} • Webcast

$SCHL said its own successful franchises, Dog Man performed well in clubs and fairs in 3Q17. Conversely, sales of adult coloring books, which were popular at this time last year declined, and the company expects coloring books to be a tough comparison in 4Q17 as well.

$SCHL {{ '2017-03-23T12:50:38+0000' | timeago}} • Announcement

In 3Q17, $SCHL's revenue from Children's Book Publishing and Distribution segment declined 9% to $199MM, hurt by lower orders and reduced sales of media titles in clubs. In Education segment, revenue fell 6% to $60.1MM, primarily due to lower sales of classroom books. International segment revenue dropped 5% to $78.4MM, excluding forex impact.

$SCHL {{ '2017-03-23T12:48:56+0000' | timeago}} • Announcement

$SCHL affirmed its FY17 outlook for total revenue of $1.7-1.8Bil and EPS from continuing operations in the range of $1.60-1.70, excluding one-time items. It continues to expect free cash flow in the range of $40-50MM.

$SCHL {{ '2017-03-23T12:27:27+0000' | timeago}} • Announcement

$SCHL posted a wider loss, hurt by lower revenue in 3Q17. Net loss was $15.4MM, or $0.44 per share, worse than $9MM, or $0.26 per share in the year ago quarter, as revenue slipped 8% to $336.2MM. Excluding items, net loss stood at $0.35 per share.

$SCHL {{ '2017-03-22T16:13:13+0000' | timeago}} • Announcement

$SCHL's BoD declared a quarterly cash dividend of $0.15 per share on its Class A and common stock for 4Q17. The dividend is payable on June 15, 2017 to all shareholders of record on April 28, 2017.

$SCHL {{ '2016-12-15T14:21:50+0000' | timeago}} • Webcast

$SCHL focused on profits, kit reductions and catalogue reductions in Book Clubs during 1H17 and while the profits held up well, the revenue declined. Beginning in January, the company will restore the classic kits as these have higher revenue. $SCHL expects to keep flat revenue for 2H17 and also believes the customer response will be positive.

$SCHL {{ '2016-12-15T14:09:12+0000' | timeago}} • Webcast

In 2Q17, $SCHL’s Trade revenues grew 60% driven by Harry Potter frontlist and backlist and strong sales of new releases. In Education, the company had strong revenues in classroom books which includes literacy initiatives and professional service offerings. This business grew by 7%.

$SCHL {{ '2016-12-15T13:46:25+0000' | timeago}} • Webcast

During 2Q17, growth in $SCHL’s Children's Book Publishing and Distribution segment was driven by the strong Trade publishing lineup led by Harry Potter and the Chamber of Secrets: The Illustrated Edition, and the original screenplay book for Fantastic Beasts and Where to Find Them, which was released late in the quarter.

$SCHL {{ '2016-12-15T12:35:50+0000' | timeago}} • Announcement

$SCHL affirmed its FY17 outlook for total revenue of $1.7-1.8Bil and diluted EPS from continuing operations of $1.60-1.70, excluding one-time items. The company continues to expect free cash flow of $40-50MM.

$SCHL {{ '2016-12-15T12:33:13+0000' | timeago}} • Announcement

During 2Q17, in $SCHL’s Children's Book Publishing and Distribution segment, revenue rose 5% to $432.5MM compared to 2Q16. In the Education segment, revenue fell 2% to $71.1MM, mainly due to lower sales of consumer magazines and library publishing. In International, revenue was $119.5MM, up 3% versus the prior year period.

$SCHL {{ '2016-12-15T12:22:51+0000' | timeago}} • Announcement

Children's publishing company $SCHL reported an increase in 2Q17 earnings. Net income was $67.9MM or $1.92 per share compared to $64.9MM or $1.84 per share in 2Q16. Revenue was $623.1MM, an increase of 4% versus the prior year.

$SCHL {{ '2016-12-14T17:01:07+0000' | timeago}} • Announcement

$SCHL said its BoD declared a quarterly cash dividend of $0.15 per share on its Class A and common stock for 3Q17. The dividend is payable on March 15, 2017 to all shareholders of record as of the close of business on Jan. 31, 2017.

$SCHL {{ '2016-09-22T13:44:53+0000' | timeago}} • Webcast

Gabelli & Co. analyst Barry Lucas questions about the $5MM in restricted cash. $SCHL says that the restricted cash is related to warranties and reps, and the company has received all the cash related to the TSA. As the only outstanding cash is related to warranties, assuming there are no claims in Nov., $SCHL will get that cash.

$SCHL {{ '2016-09-22T13:38:45+0000' | timeago}} • Webcast

Stifel Nicolaus analyst Drew Crum follows up asking for an explanation regarding the 10% sales growth seen in Education that didn't slow through the bottom line. $SCHL replies that throughout last year, the company added new people to really grow and make an investment in this business. So, there wasn't much of an impact of the adds in 1Q16.

$SCHL {{ '2016-09-22T13:30:14+0000' | timeago}} • Webcast

Stifel Nicolaus analyst Drew Crum asks about the Harry Potter sales figure and about the performance of Trade ex Harry Potter. $SCHL answers that Trade improved excluding Harry Potter in the quarter. The company said that it had printed about 4.5MM copies, most of which were delivered in 1Q17.

$SCHL {{ '2016-09-22T13:17:14+0000' | timeago}} • Webcast

For FY17, $SCHL expects free cash flow to be $40-50MM, which includes CapEx of $70-80MM and pre-pub and production spending of $30-40MM. This increase in capital spending is mainly related to the headquarter's construction plan, as well as higher strategic technology spend as part of the three-year initiative to upgrade enterprise-wide platforms.

$SCHL {{ '2016-09-22T13:12:19+0000' | timeago}} • Webcast

$SCHL had free cash use of $122.4MM in 1Q17, which included a large tax payment related to the EdTech sale. This year, cash use was augmented by a large initial print run for Harry Potter and the Cursed Child, and higher YoverY spending on strategic technology initiatives. Cash and cash equivalents exceeded total debt by $275.5MM during 1Q17.

$SCHL {{ '2016-09-22T13:04:27+0000' | timeago}} • Webcast

During 1Q17, $SCHL's corporate overhead was $26.4MM vs. $16.5MM in 1Q16, which included one-time items of $1.4MM. The increase in overhead is related to higher medical claims, previously announced wage improvement, facility-related expenses, and investments in strategic technology platforms and solutions.

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