Education Dvel Stock Price, News & Analysis

Craig White has been promoted to President and Chief Executive Officer of Educational Development Corporation (NASDAQ: EDUC) effective July 13, 2021. He succeeds Randall White, who transitions to Executive Chairman. Craig has over 30 years of experience at the company and aims to uphold its commitment to growth and shareholder value. EDC, specializing in children's books, reports over $200 million in annual revenue and remains optimistic about future performance despite industry challenges. Randall White will continue mentoring and advising in his new role.

Educational Development Corporation (EDC) reports a record first quarter for fiscal 2022, achieving net revenues of $40.8 million, up 6.5% from $38.3 million year-over-year. Net earnings rose 78.9% to $3.4 million, with earnings per share increasing 78.3% to $0.41. The company attributes its success to strategic restructuring and improved profitability across divisions. Despite previous revenue losses due to COVID-19, the company anticipates continued growth as restrictions lift. A quarterly dividend of $0.10 per share has been approved for September 2021.

Educational Development Corporation (NASDAQ: EDUC) reported estimated net revenues of approximately $40.8 million for Q1 fiscal 2022, a 6.5% increase from Q1 fiscal 2021's $38.3 million. Earnings per share are estimated between $0.38 and $0.41, up from $0.23 in the previous year. The Usborne Books & More division had 55,100 active consultants, a 66% increase year-over-year. The Publishing division saw revenues rise 128.6% to $3.2 million, recovering from pandemic-related store closures.

Educational Development Corporation (EDUC) reported impressive financial results for the fiscal year ending February 28, 2021, with net revenues of $204.6 million, marking an 81.1% increase over the previous year. Net earnings surged to $12.6 million, a 125.0% rise, translating to earnings per share of $1.50, up 120.6%. The fourth quarter also showcased significant growth with revenues of $40.3 million, up 100.1%. The company attributed its success to increased demand for educational products and a substantial rise in active sales consultants, now at 57,600.

Educational Development Corporation (NASDAQ: EDUC) announced the retention of Three Part Advisors, LLC for investor relations consulting. This partnership aims to enhance investor awareness and showcase growth opportunities. Three Part Advisors will implement a strategic IR program designed to educate investors about EDUC's promising investment story, leveraging its solid balance sheet and growth initiatives. The firm has a reputable track record in successful IR programs, which could significantly benefit EDUC in increasing its visibility among investors.

Educational Development Corporation (NASDAQ: EDUC) reported a record net revenue of approximately $19.1 million for March 2021, up 133% from $8.2 million in March 2020. The Usborne Books & More (UBAM) division contributed $17.9 million, also a 132% increase. The Publishing division reached $1.2 million, marking a 140% rise. Notably, the active sales consultant base grew from 29,400 to 56,400, a 92% increase year-over-year. This marks the twelfth consecutive month of record growth, despite previous pandemic-related declines.

Educational Development Corporation (EDC) reported remarkable financial growth in February 2021, achieving net revenues of approximately $13.0 million, a 94% increase from $6.7 million in February 2020. For the fiscal fourth quarter, revenues reached approximately $40.3 million, doubling last year's figures. EDC's total fiscal 2021 revenues hit approximately $204.6 million, up 81% from $113.0 million in fiscal 2020. The company noted a significant rise in active consultants in its Usborne Books & More division, reaching about 57,600, a 95% increase year-over-year.

Educational Development Corporation (EDUC) achieved record net revenues of approximately $11.9 million in January 2021, marking a 125% increase compared to January 2020. The Usborne Books & More (UBAM) division contributed significantly with revenues of $11.1 million, a 141% growth year-over-year. The active consultants in UBAM rose to approximately 59,100, an 85% increase. The Publishing division also reported a 14% rise in sales, totaling $0.8 million. Despite seasonal trends, the company’s performance reflects strong growth and successful consultant retention.

Educational Development Corporation (NASDAQ: EDUC) has provided an updated fiscal 2021 guidance, estimating net revenues to exceed $200.0 million and diluted earnings per share between $1.45 and $1.50. This reflects a significant 77% growth in sales year-over-year and approximately 113% growth in earnings. The company is also anticipating continued improvements into fiscal 2022, driven by increased operational efficiencies from new production lines that will enhance shipping capacity and reduce labor costs.