John Wiley & Sons, Inc. - WLY STOCK NEWS

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#.

Wiley (NYSE: WLY and WLYB) has appointed Matthew Kissner as President and CEO following a successful nine-month interim period. Kissner, a long-time Wiley veteran, has driven significant progress in organizational improvement, value creation, and AI opportunities. Under his leadership, Wiley exceeded its Fiscal 2024 earnings guidance and delivered revenue at the higher end of its range. The company is targeting revenue, profit, and free cash flow growth in Fiscal 2025 and 2026, bolstered by business momentum and cost savings. Kissner's extensive experience includes leadership roles at Pitney Bowes, Bankers Trust, Citibank, and Morgan Stanley.

Wiley (NYSE: WLY, WLYB) has declared a quarterly cash dividend of $0.3525 per share, payable on July 25, 2024, to shareholders of record on July 9, 2024. This marks the 31st consecutive annual dividend increase, now totaling $1.41 per share annually, up from $1.40 in Fiscal 2024.

The company exceeded its Fiscal 2024 earnings guidance, with Adjusted EBITDA and Adjusted EPS surpassing expectations and Adjusted Revenue at the higher end of the range. Wiley completed a GenAI content rights project with a major tech company in Q4 Fiscal 2024 and another project with a second large tech company for Fiscal 2025. The Value Creation Plan saw progress with two non-core divestitures and $90 million of the targeted $130 million run-rate savings actioned.

For Fiscal 2025, Wiley aims to sustain growth driven by momentum in Research and Learning and accelerated cost savings.

Wiley (NYSE: WLY) reported its fourth quarter and fiscal year 2024 results, exceeding its earnings guidance with a positive outlook for FY25. The fiscal year saw significant restructuring, including divesting non-core assets and achieving $90 million in cost savings. Adjusted revenue for FY24 was $1.617 billion, a slight decline of 1%, while adjusted EBITDA was $369 million, down 3%. The research segment faced a 3% revenue drop, while the learning segment grew by 5%, driven by digital content and a GenAI project. Wiley expects FY25 adjusted revenue of $1.650 to $1.690 billion and adjusted EPS of $3.25 to $3.60.