Scholastic Corp Stock Price, News & Analysis

Scholastic Corporation (NASDAQ: SCHL) reported its fiscal first quarter results for 2022, showing revenues of $259.8 million, up 21% from $215.2 million in 2021, driven by strong performance in U.S. trade and education channels. Operating loss improved by 44% to $(32.0) million. The Company experienced a net cash inflow of $63.6 million, a significant turnaround from last year’s loss. The outlook for fiscal 2022 remains positive with expected demand growth in school-based channels despite facing inflationary pressures and supply chain challenges.

Scholastic Corporation (NASDAQ: SCHL) declared a quarterly cash dividend of $0.15 per share on its Class A and Common Stock for Q2 of fiscal 2022. This dividend is set to be payable on December 15, 2021, to shareholders of record by October 29, 2021. With over 100 years in the industry, Scholastic continues its commitment to fostering literacy among children worldwide, distributing books and educational resources across 165 countries through various channels.

Scholastic Corporation (NASDAQ: SCHL) will announce its first quarter fiscal year 2022 earnings on September 23, 2021, at approximately 4:00 PM Eastern Time. A conference call will follow at 4:30 PM, led by CEO Peter Warwick and CFO Kenneth Cleary. Participants can join via phone or access the webcast on the company's investor relations website. The archived audio and slides will be available post-call until October 1, 2021. Scholastic is a leading publisher and distributor of children's books and educational materials, committed to supporting literacy worldwide.

On September 2, 2021, Scholastic announced that Gwendoline Christie will narrate the audiobook of Kaleidoscope, a book by bestselling author Brian Selznick. The story, releasing on September 21, 2021, explores themes of love and loss and is already receiving acclaim with multiple starred reviews. The audiobook will also feature original music by Robert Een, enhancing the immersive experience. Scholastic’s President, Lori Benton, highlighted the unique reading experience, emphasizing the anticipation surrounding this release.

Scholastic Corporation (NASDAQ: SCHL) reported its fiscal 2021 results with a 41% increase in Q4 revenues to $401.4 million, though total yearly revenues dropped 13% to $1.30 billion due to pandemic impacts. The fourth-quarter operating income rose sharply by 121% to $9.7 million, aided by cost-saving measures. Adjusted EBITDA showed a significant improvement of 147% at $139.6 million. The company anticipates revenues to grow in fiscal 2022 as market conditions improve, particularly in their book fairs segment. Key titles and digital products are projected to drive growth.

Scholastic Corporation (NASDAQ: SCHL) has declared a quarterly cash dividend of $0.15 per share on its Class A and Common Stock for Q1 fiscal 2022. This dividend is payable on September 15, 2021, for shareholders recorded by the close of business on August 31, 2021. Scholastic is a leading publisher and distributor of children's books and educational media, committed to promoting literacy and learning across international markets.

On July 19, 2021, Scholastic Corporation announced the appointment of Peter Warwick as President and CEO, effective August 1, 2021. Warwick, a board member since 2014, succeeds the late Richard Robinson. He aims to uphold Scholastic's mission in children's literacy and education while enhancing stakeholder value. Additionally, Iole Lucchese and Robert Dumont were newly appointed to the Board of Directors, strengthening leadership for future growth. The changes follow Robinson's passing, ensuring continuity in Scholastic's strategic direction.

Scholastic Corporation (NASDAQ: SCHL) has announced its schedule for the fourth quarter and fiscal year 2021 earnings release, set for July 22, 2021, at approximately 4:00 PM Eastern Time. The earnings report will be available on the company’s investor and media websites. A conference call will follow at 4:30 PM, featuring key executives including CFO Kenneth Cleary. Participants can join via phone or listen through a live webcast. Archived audio will be available until July 30, 2021.

Scholastic has launched Rising Voices: Books Empowering Girls in STEAM, a classroom library collection aimed at K–5 students. This initiative promotes culturally relevant literature and teaching materials to enhance literacy and social-emotional learning. Addressing gender disparity in STEAM fields, where women constitute only 27% of the workforce, the collection features stories of female protagonists excelling in various STEAM disciplines. It includes 150 engaging texts, teaching guides, and resources to foster inclusive educational environments.