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John Wiley & Sons, Inc. (symbol: WLYB) is a distinguished name in the world of global publishing and educational services. Founded in 1807, Wiley has cultivated over two centuries of expertise in delivering high-quality content and information to a diverse audience worldwide. With its headquarters in Hoboken, New Jersey, the company operates across the U.S., Europe, Asia, Canada, and Australia, cementing its status as a global leader.
Wiley’s core businesses encompass the publication of scientific, technical, medical, and scholarly journals, encyclopedias, books, and online products and services. The company’s extensive portfolio includes professional and trade books, subscription products, training materials, and online applications and websites, making it a pivotal resource for both academic and professional growth. Wiley also provides educational materials tailored for undergraduate and graduate students as well as lifelong learners.
With an impressive catalogue, Wiley has published the works of over 400 Nobel laureates in various categories such as literature, economics, physiology or medicine, physics, chemistry, and peace. The company's strong academic focus is reflected in its two main segments: the Academic segment, which addresses university customers through Academic Publishing and University Services; and the Talent segment, which focuses on corporate clients by offering training, sourcing, and upskilling solutions.
Wiley’s commitment to digital transformation is evident, with more than 85% of its total revenue derived from digital products and tech-enabled services. The firm continually evolves its offerings to meet the ever-changing demands of the modern educational landscape, ensuring that it remains a critical resource for knowledge dissemination and professional development.
For the latest updates on John Wiley & Sons, Inc., including financial performance, recent achievements, and ongoing projects, visit their official website at www.wiley.com.
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.
Wiley (NYSE: WLY and WLYB), a leading global publisher and research entity, will announce its fourth quarter and full-year 2024 financial results on June 13, 2024, before the market opens.
The company has scheduled a conference call at 10am ET to discuss these results.
The event will be accessible via a live webcast and presentation slides on Wiley’s Investor Relations website.
For those unable to attend live, an archive of the webcast, presentation, and transcript will be available for one year.
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