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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 $0.3475 per share on its Class A and Class B Common Stock. This dividend will be payable on January 11, 2023, to shareholders of record on December 27, 2022. The dividend represents an annual increase to $1.39 per share, up from $1.38 in Fiscal 2022. This marks the 29th consecutive year that Wiley has raised its quarterly dividend, reflecting strong confidence in its financial performance and commitment to returning value to shareholders.
Wiley (NYSE: WLY) reported Q2 results for the period ending October 31, 2022, showing revenue of $515 million, down 3% YoY, with operating income decreasing by 22% to $57 million. GAAP EPS dropped 31% to $0.68. Adjusted results reflect a slight revenue growth of 1% at constant currency, but adjusted EPS fell 13% to $1.20. Due to consumer spending and enrollment challenges, the fiscal 2023 revenue outlook has been lowered to $2,110 - $2,150 million, while adjusted EBITDA guidance remains reaffirmed. Cash flow remains impacted by subscription collection timing.
Wiley (NYSE: WLY) will release its second quarter 2023 results before market open on December 7, 2022. A conference call is scheduled for 10 am ET to discuss the results. Investors can access the live audio webcast and presentation slides through Wiley's Investor Relations website. The conference call invites both US and Canada callers, as well as international participants, providing specific dial-in codes for ease of access. This event is crucial for stakeholders to gain insights into Wiley's financial performance.
Wiley (NYSE: WLY) has launched 'Wiley Partner Solutions' ahead of the Frankfurt Book Fair, aimed at aiding organizations in adapting to the open research environment. The new division will provide digital platforms and publishing solutions to support scholarly publishing. Led by Dr. Guido F. Herrmann, Wiley Partner Solutions will enhance the publishing process from manuscript submission to publication. Current partners include AAAS and IEEE. Recent initiatives highlight Wiley's commitment to innovation and collaboration in making research more accessible.
Wiley (NYSE: WLY and WLYB) has declared a quarterly cash dividend of $0.3475 per share on its Class A and B Common Stock. This dividend is payable on October 26, 2022, to shareholders of record as of October 11, 2022. The annual dividend now totals $1.39 per share, marking an increase from $1.38 in Fiscal 2022. This increase represents Wiley's 29th consecutive year of raising its quarterly dividend.
Wiley (NYSE: WLY) reported first-quarter results for the period ending July 31, 2022. Revenue totaled $488 million, unchanged from the previous year, with an operating loss of $17 million compared to a profit of $41 million last year. GAAP EPS was a loss of $0.32, down from a profit of $0.24.
Adjusted EBITDA decreased by 34% to $64 million, and Adjusted EPS fell 60% to $0.36, primarily due to elevated costs and market challenges. Despite these results, Wiley maintained its full-year guidance for revenue and earnings, citing strong momentum in key business areas.
Wiley (NYSE: WLY), a leader in scientific research and education, has been designated with a ‘Wide Moat’ and ‘Exemplary Stewardship’ ratings by Morningstar. The company's management, including President Brian Napack and CFO Christina Van Tassell, will participate in the virtual Morningstar Management Behind the Moat conference on September 7 at 2:00 PM ET. A replay of the webcast will be available on Wiley's Investor Relations website. This recognition underscores Wiley's long-standing impact on the knowledge ecosystem for over 200 years.
Wiley (NYSE: WLY) will announce its first quarter 2023 results on September 7, 2022, before the market opens. A conference call will follow at 10 am ET to discuss the results. The event will be accessible via a live audio webcast and presentation slides available on Wiley's Investor Relations website. The company has been a leader in research and education for over 200 years, offering high-impact content and services to support researchers and educators worldwide.
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