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John Wiley & Sons, Inc. (NYSE: WLY) is a globally-renowned provider of academic journals, books, pre- and post-hire assessments, training materials, test preparation resources, and online education program management solutions. Established in 1807, Wiley has been a trusted source of knowledge for over two centuries, playing a pivotal role in the fields of science, technology, medicine, and education. The company boasts a rich heritage, having published works by more than 400 Nobel Laureates across diverse categories including literature, economics, physiology or medicine, physics, chemistry, and peace.
Wiley’s core businesses encompass the publication of scientific, technical, medical, and scholarly journals, encyclopedias, books, and online products and services. Additionally, the company offers professional and trade books, subscription products, training materials, online applications, and educational content for undergraduate and graduate students as well as lifelong learners.
The company is strategically segmented into two primary business units: the Academic segment, which caters to university customers and includes Academic Publishing and University Services, and the Talent segment, which focuses on delivering training, sourcing, and upskilling solutions to corporate clients. Impressively, over 85% of Wiley’s total revenue is derived from digital products and tech-enabled services, underlining the company's adaptability in an increasingly digital world.
Headquartered in Hoboken, New Jersey, Wiley operates globally with significant presences in the U.S., Europe, Asia, Canada, and Australia. The company’s website, accessible at www.wiley.com, provides further insights into its vast array of services and offerings.
In recent news, Academic Partnerships (AP), a company that aids regional public universities in expanding their online programs, has agreed to acquire Wiley University Services. This merger is intended to support over 125 colleges and universities across 40 U.S. states and internationally. By combining efforts, the two entities aim to enhance access to affordable, high-quality, and workforce-relevant online education, particularly for working adults and professionals. This transaction, scheduled to close by early 2024, symbolizes a strategic shift towards a more focused Wiley, leveraging its competitive advantages and market opportunities in research and learning.
Wiley (NYSE: WLY, WLYB) has declared a quarterly cash dividend of $0.3525 per share on both its Class A and Class B Common Stock. The dividend will be paid on January 9, 2025, to shareholders of record on December 26, 2024. This quarterly payment amounts to an annual dividend of $1.41 per share, representing an increase from $1.40 per share in Fiscal 2024. Notably, in June 2024, the company marked its 31st consecutive year of dividend increases.
Wiley (NYSE: WLY) reported its Q2 2025 results, highlighting a revenue of $427 million, down from $493 million year-over-year due to divested businesses. However, GAAP operating income rose 39% to $64 million, and EPS increased to $0.74.
On an adjusted basis, revenue was $423 million (+3%), operating income $69 million (+32%), EBITDA $106 million (+14%), and EPS $0.97 (+36%).
Learning revenue grew 8% to $162 million, driven by AI licensing and professional growth. Research revenue increased 2% to $262 million, with gains in gold open access and institutional models. Notably, Wiley divested several businesses, impacting overall revenue.
Wiley reaffirmed its FY 2025 outlook, projecting adjusted revenue of $1,650-$1,690 million, EBITDA of $385-$410 million, and EPS of $3.25-$3.60. The company also announced a dividend increase for the 31st consecutive year.
Wiley (NYSE: WLY and WLYB), a major publisher and leader in research and learning, has announced its upcoming second quarter 2025 earnings release scheduled for Thursday, December 5, 2024, before market open. The company will host a conference call at 10am ET the same day to discuss the results. Investors can access the live audio webcast and presentation slides through Wiley's Investor Relations website. An archive of the webcast, presentation, and transcript will be available for one year. Conference call dial-in numbers are provided for both US/Canada and international participants.
Wiley (NYSE: WLY) is set to reveal key insights and AI-driven innovations at the Frankfurt Book Fair. Josh Jarrett, SVP and GM of AI Growth, will present findings from a global survey on AI in scientific research during a keynote address. The company will showcase updates to Research Exchange, its submission, screening, and peer review platform, and launch 'Generative AI for Dummies'.
Wiley will highlight initiatives promoting safe AI use in publishing, including:
- Wiley AI Partnerships: A Co-Innovation Program
- AI enhancements to Research Exchange
- New AI research journals
- Educational resources on AI
The company will also host a panel discussion on AI's role in research and learning, featuring industry experts. These initiatives reflect Wiley's commitment to redefining publishing for an AI-assisted future while adhering to its AI Principles.
Wiley (NYSE: WLY) has announced plans to expand its prestigious Advanced Portfolio of journals into life and health sciences, while deepening its physical science offerings. The expansion includes six new journals to be launched by 2026, focusing on fields such as cell and molecular biology, oncology, neuroscience, and plant science. Additionally, Wiley is strengthening its presence in chemistry and artificial intelligence (AI) research.
Two new AI-focused journals, Advanced Intelligent Discovery and Advanced Robotics Research, are expected to launch by the end of 2024. Advanced Synthesis and Catalysis will join the portfolio in January 2025. The expansion aims to provide researchers with cross-disciplinary advantages to address global challenges in public health, climate crisis, and food security.
The Advanced Portfolio, led by Advanced Science and Advanced Materials, currently includes 22 high-impact titles. Wiley has also launched a new home for the Advanced Portfolio on Wiley Online Library, along with a refreshed social media presence and brand identity.
Wiley (NYSE: WLY and WLYB), a global leader in research and learning, has announced a quarterly cash dividend of $0.3525 per share on its Class A and Class B Common Stock. The dividend is payable on October 24, 2024, to shareholders of record on October 8, 2024. This quarterly dividend equates to an annual dividend of $1.41 per share, representing an increase from $1.40 per share in Fiscal 2024.
Notably, Wiley raised its quarterly dividend for the 31st consecutive year in June 2024, demonstrating a long-standing commitment to shareholder returns. The company's recent financial information, including earnings release, presentation, call transcript, and quarterly filing, can be accessed through Wiley's Quarterly Results section on their investor relations website.
Wiley (NYSE: WLY) has launched 'The Conversations', a new panel discussion series aimed at transforming scholarly publishing. The series brings together leading experts to explore challenges and opportunities in the industry, focusing on innovation and open dialogue. The first episode, available on YouTube, discusses publishing technology and the need for more dynamic, 'format-less' publishing models.
Upcoming episodes will cover topics such as open access and the role of AI in research and learning. The series is part of Wiley's efforts to shape the future of publishing, balancing innovation, information dissemination, and ethics. A live taping of Episode 3 will take place at the Frankfurt Book Fair on October 17, with media attendance available.
Wiley (NYSE: WLY and WLYB) has announced a CFO transition, with Christopher Caridi, Corporate Controller and Chief Accounting Officer, assuming the role of Interim Chief Financial Officer effective September 18, 2024. Caridi succeeds Christina Van Tassell, who will be leaving the company on October 1, 2024. Caridi brings over 35 years of corporate finance experience, including 30 years in the industry.
Wiley recently reported strong revenue and earnings growth for Q1 and reaffirmed its Fiscal 2025 outlook and Fiscal 2026 targets. The company is executing on growth initiatives and value creation activities, with strong leading indicators, employee engagement scores, and financial performance. Wiley has commenced a comprehensive search process to identify a permanent CFO.
Wiley (NYSE: WLY) reported strong Q1 2025 results, with adjusted revenue up 6% to $390 million and adjusted EPS up 74% to $0.47. Research revenue grew 3% to $265 million, driven by open access and institutional licensing. Learning revenue increased 14% to $124 million, boosted by a $16 million GenAI content rights project. The company completed its third divestiture and implemented the remainder of its $130 million cost savings program. Wiley reaffirmed its FY2025 outlook, projecting revenue of $1,650-$1,690 million and adjusted EPS of $3.25-$3.60. The company's net debt-to-EBITDA ratio was 2.0, and it allocated $32 million to dividends and share repurchases.
Wiley (NYSE: WLY and WLYB), a leading publisher in research and learning, has announced its first quarter 2025 earnings release schedule. The company will disclose its financial results before the market opens on Thursday, September 5, 2024. Following the release, Wiley will host a conference call at 10 AM ET to discuss the results.
Investors and analysts can access the live audio webcast and presentation slides through the provided link or Wiley's Investor Relations website. The webcast archive, presentation, and transcript will be available for one year. For those preferring to join by phone, US and Canada participants can dial (888) 210-3346, while international callers should use (646) 960-0253, both using the participant code 2521217#.
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