Announcement • Jul 03
Scholastic Corporation to Report Q4, 2026 Results on Jul 23, 2026 Scholastic Corporation announced that they will report Q4, 2026 results at 4:00 PM, US Eastern Standard Time on Jul 23, 2026 Announcement • Mar 19
Scholastic Corporation Announces Fourth Quarter Dividend, Payable on June 15, 2026 Scholastic Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share on the Company's Class A and Common Stock for the fourth quarter of fiscal 2026. The dividend is payable on June 15, 2026, to all shareholders of record as of the close of business on April 30, 2026. Announcement • Mar 06
Scholastic Corporation to Report Q3, 2026 Results on Mar 19, 2026 Scholastic Corporation announced that they will report Q3, 2026 results at 4:00 PM, US Eastern Standard Time on Mar 19, 2026 Announcement • Dec 18
Scholastic Corporation Declares a Cash Dividend for the Third Quarter of Fiscal 2026, Payable on March 16, 2026 Scholastic Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share on the Company's Class A and Common Stock for the third quarter of fiscal 2026. The dividend is payable on March 16, 2026, to all shareholders of record as of the close of business on January 30, 2026. Announcement • Dec 05
Scholastic Corporation to Report Q2, 2026 Results on Dec 18, 2025 Scholastic Corporation announced that they will report Q2, 2026 results at 4:00 PM, US Eastern Standard Time on Dec 18, 2025 Announcement • Dec 03
Empire State Realty Trust, Inc. (NYSE:ESRT) signed an agreement to acquire 555-557 Broadway from Scholastic Corporation (NasdaqGS:SCHL) for $386 million. Empire State Realty Trust, Inc. (NYSE:ESRT) signed an agreement to acquire 555-557 Broadway from Scholastic Corporation (NasdaqGS:SCHL) for $386 million. The all-cash transaction is expected to close in December 2025. Adam Spies, Josh King and Avery Silverste of Newmark Group, Inc., Investment Banking Arm acted as a financial advisor to Scholastic. Hogan Lovells acted as a legal advisor to Scholastic. Gagnier Communications served as a strategic communications advisor to Scholastic. Announcement • Sep 18
Scholastic Corporation Announces Second Quarter Dividend, Payable on December 15, 2025 Scholastic Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share on the Company's Class A and Common Stock for the second quarter of fiscal 2026. The dividend is payable on December 15, 2025, to all shareholders of record as of the close of business on October 31, 2025. Announcement • Sep 05
Scholastic Corporation to Report Q1, 2026 Results on Sep 18, 2025 Scholastic Corporation announced that they will report Q1, 2026 results at 4:30 PM, US Eastern Standard Time on Sep 18, 2025 Announcement • Aug 08
Scholastic Corporation, Annual General Meeting, Sep 17, 2025 Scholastic Corporation, Annual General Meeting, Sep 17, 2025. Announcement • Jul 25
Scholastic Corporation Provides Financial Guidance for Fiscal 2026 Scholastic Corporation provided financial guidance for fiscal 2026. For the period, the company expects revenue to grow 2% to 4%. Announcement • Jul 04
Scholastic Corporation to Report Q4, 2025 Results on Jul 24, 2025 Scholastic Corporation announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Jul 24, 2025 Announcement • Jun 25
Scholastic Corporation Announces Retirement of Directors Additionally, the Board of Scholastic Corporation's Nominating and Governance Committee is leading a search process to identify two new independent, experienced directors. Given the planned retirements of directors David Young and John Davies at the upcoming 2025 annual meeting of stockholders, the Board has been working with Korn Ferry, an internationally recognized executive search firm, to assist with the director search process. Scholastic, which has added five new, highly qualified independent directors to its eleven-member board in the last four years, remains committed to regular board refreshment to support the needs of its business and enhance the skills and expertise of its Board, with a focus on business transformation, growth strategies and capital allocation, as well as other initiatives to maximize shareholder value. Announcement • Mar 20
Scholastic Corporation Announces Fourth Quarter Dividend, Payable on June 16, 2025 Scholastic Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share on the Company's Class A and Common Stock for the fourth quarter of fiscal 2025. The dividend is payable on June 16, 2025, to all shareholders of record as of the close of business on April 30, 2025. Announcement • Mar 07
Scholastic Corporation to Report Q3, 2025 Results on Mar 20, 2025 Scholastic Corporation announced that they will report Q3, 2025 results After-Market on Mar 20, 2025 Announcement • Dec 12
Scholastic Corporation Announces Third Quarter Dividend, Payable on March 14, 2025 Scholastic Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share on the Company's Class A and Common Stock for the third quarter of fiscal 2025. The dividend is payable on March 14, 2025, to all shareholders of record as of the close of business on January 31, 2025. Announcement • Dec 06
Scholastic Corporation to Report Q2, 2025 Results on Dec 19, 2024 Scholastic Corporation announced that they will report Q2, 2025 results at 4:00 PM, Eastern Standard Time on Dec 19, 2024 Upcoming Dividend • Oct 24
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 31 October 2024. Payment date: 16 December 2024. Payout ratio is on the higher end at 97%, however this is supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.9%). Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €23.40, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Media industry in Germany. Total loss to shareholders of 22% over the past three years. New Risk • Oct 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (97% payout ratio). Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Reported Earnings • Sep 27
First quarter 2025 earnings released: US$2.21 loss per share (vs US$2.35 loss in 1Q 2024) First quarter 2025 results: US$2.21 loss per share (improved from US$2.35 loss in 1Q 2024). Revenue: US$237.2m (up 3.8% from 1Q 2024). Net loss: US$62.5m (loss narrowed 16% from 1Q 2024). Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Sep 25
Scholastic Corporation Appoints Jeffrey Mathews as Chief Growth Officer and Executive Vice President Scholastic announced that Jeffrey Mathews has been appointed to the new role of Scholastic’s Chief Growth Officer and Executive Vice President, effective immediately. He rejoined Scholastic two years ago, as Executive Vice President, Corporate Development and Investor Relations. With this appointment, Mr. Mathews’ responsibilities now include refining and implementing Scholastic’s long-term growth strategy in partnership with leaders across the business. He will continue to report to Scholastic President and CEO Peter Warwick in New York and to lead the Company’s corporate development and investor relations functions, as well as Scholastic’s cross-company corporate sustainability and impact program.Mr. Mathews brings more than 30 years of experience in strategy, M&A and investor relations to Scholastic, in addition to his experience as a co-founder of two technology start-ups. In 2022, he returned to the Company as Executive Vice President, Corporate Development and Investor Relations. From 2008 to 2012 at Scholastic, he held the role of Vice President, Corporate Strategy, Business Development & Investor Relations, after four years as head of investor relations for the Company. He also previously served as Managing Partner at Gagnier Communications, a strategic financial communications and investor relations agency serving clients across North America, Asia and Europe. He was also a strategy consultant at The Monitor Company (now Deloitte Monitor). Mr. Mathews holds an A.B. from Princeton University, and a D.Phil. from Oxford University. Declared Dividend • Sep 23
Dividend of US$0.20 announced Shareholders will receive a dividend of US$0.20. Ex-date: 31st October 2024 Payment date: 16th December 2024 Dividend yield will be 2.7%, which is lower than the industry average of 5.1%. Sustainability & Growth Dividend is not covered by earnings (196% earnings payout ratio). However, it is well covered by cash flows (24% cash payout ratio). The dividend has increased by an average of 2.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 117% to bring the payout ratio under control. EPS is expected to grow by 232% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Sep 19
Scholastic Corporation Declares Cash Dividend on its Class A and Common Stock for the Second Quarter of Fiscal 2025, Payable on December 16, 2024 Scholastic Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share on the Company's Class A and Common Stock for the second quarter of fiscal 2025. The dividend is payable on December 16, 2024, to all shareholders of record as of the close of business on October 31, 2024. Announcement • Sep 13
Scholastic Corporation to Report Q1, 2025 Results on Sep 26, 2024 Scholastic Corporation announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on Sep 26, 2024 Announcement • Sep 11
Scholastic Names Stacey Jaffe as Chief Digital Officer Scholastic announced that Stacey Jaffe has been named Scholastic's Chief Digital Officer, effective immediately. Ms. Jaffe will drive Scholastic's data initiatives and digital practice with the core approach of bringing customer insights to life as strategies and digital solutions that directly serve customers' needs. A new role for the Company and based in New York, the Chief Digital Officer will elevate the organization's digital expression, enhance customer experiences, and leverage data to inform and optimize all aspects of the business. Ms. Jaffe joined Scholastic in 2018 and her proven track record has earned her expanded responsibilities, having most recently served as Senior Vice President of Data Digital Strategy, overseeing Data Analytics and Digital Marketing, in addition to eCommerce, Product, and UX/UI. Before joining Scholastic, Ms. Jaffe held marketing leadership roles with the national nonprofit Teach For America and with Nickelodeon's Team Umizoomi. Her unparalleled support for both external and internal clients and her proven ability to lead teams to use a combination of strategy, data science and analytics to achieve business growth and innovation, has made her a sought-after thought leader and speaker in the digital marketing industry. Ms. Jaffe has a B.A. from Miami University and an M.A. in Developmental Psychology from Columbia University's prestigious Teachers College. Upcoming Dividend • Aug 23
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 30 August 2024. Payment date: 16 September 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.9%). Announcement • Aug 09
Scholastic Corporation, Annual General Meeting, Sep 18, 2024 Scholastic Corporation, Annual General Meeting, Sep 18, 2024. Location: via the internet, United States Declared Dividend • Jul 22
Fourth quarter dividend of US$0.20 announced Shareholders will receive a dividend of US$0.20. Ex-date: 30th August 2024 Payment date: 16th September 2024 Dividend yield will be 2.5%, which is lower than the industry average of 5.1%. Sustainability & Growth Dividend is not covered by earnings (196% earnings payout ratio). However, it is well covered by cash flows (23% cash payout ratio). The dividend has increased by an average of 2.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 117% to bring the payout ratio under control. EPS is expected to grow by 232% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Jul 19
Full year 2024 earnings released: EPS: US$0.41 (vs US$2.55 in FY 2023) Full year 2024 results: EPS: US$0.41 (down from US$2.55 in FY 2023). Revenue: US$1.59b (down 6.7% from FY 2023). Net income: US$12.1m (down 86% from FY 2023). Profit margin: 0.8% (down from 5.1% in FY 2023). Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jul 19
Scholastic Corporation Provides Earnings Guidance for the Year 2025 Scholastic Corporation provided earnings guidance for the year 2025. The company expected fiscal 2025 revenue growth of 4% to 6%. Announcement • Jul 18
Scholastic Corporation Announces First Quarter Dividend of Fiscal 2025, Payable on September 16, 2024 Scholastic Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share on the Company's Class A and Common Stock for the first quarter of fiscal 2025. The dividend is payable on September 16, 2024, to all shareholders of record as of the close of business on August 30, 2024. Announcement • Jul 04
Scholastic Corporation to Report Q4, 2024 Results on Jul 18, 2024 Scholastic Corporation announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Jul 18, 2024 Upcoming Dividend • Apr 22
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 29 April 2024. Payment date: 17 June 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.5%). Board Change • Apr 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Kaya Henderson was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Mar 23
Third quarter dividend of US$0.20 announced Shareholders will receive a dividend of US$0.20. Ex-date: 29th April 2024 Payment date: 17th June 2024 Dividend yield will be 2.1%, which is lower than the industry average of 5.1%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 4.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 52% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 22
Third quarter 2024 earnings released: US$0.91 loss per share (vs US$0.57 loss in 3Q 2023) Third quarter 2024 results: US$0.91 loss per share (further deteriorated from US$0.57 loss in 3Q 2023). Revenue: US$323.7m (flat on 3Q 2023). Net loss: US$26.5m (loss widened 38% from 3Q 2023). Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Mar 13
Scholastic Corporation (NasdaqGS:SCHL) signed a definitive agreement to acquire 9 Story Media Group Inc. for approximately $190 million. Scholastic Corporation (NasdaqGS:SCHL) signed a definitive agreement to acquire 9 Story Media Group Inc. for approximately $190 million subject to customary purchase price adjustments on March 12, 2024. Scholastic intends to initially fund the transaction from its available cash and its revolving credit facility and anticipates maintaining its regular dividend and its authorized stock repurchase program. The investment has been approved by Scholastic and 9 Story Media Group boards of directors and the shareholders of 9 Story Media Group. Subject to receipt of a satisfactory opinion by the Minister of Canadian Heritage and other customary closing conditions, the transaction is expected to close in Scholastic's fiscal 2025 first quarter, which begins on June 1, 2024. 9 Story Media Group recorded revenue of approximately $104 million. Announcement • Mar 07
Scholastic Corporation to Report Q3, 2024 Results on Mar 21, 2024 Scholastic Corporation announced that they will report Q3, 2024 results at 4:00 PM, US Eastern Standard Time on Mar 21, 2024 Upcoming Dividend • Jan 23
Upcoming dividend of US$0.20 per share at 2.0% yield Eligible shareholders must have bought the stock before 30 January 2024. Payment date: 15 March 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (5.2%). Reported Earnings • Dec 15
Second quarter 2024 earnings released: EPS: US$2.51 (vs US$2.17 in 2Q 2023) Second quarter 2024 results: EPS: US$2.51 (up from US$2.17 in 2Q 2023). Revenue: US$562.6m (down 4.3% from 2Q 2023). Net income: US$76.9m (up 2.8% from 2Q 2023). Profit margin: 14% (up from 13% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Dec 14
Scholastic Corporation Declares Quarterly Cash Dividend for the Third Quarter of Fiscal 2024, Payable on March 15, 2024 Scholastic Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share on the Company's Class A and Common Stock for the third quarter of fiscal 2024. The dividend is payable on March 15, 2024, to all shareholders of record as of the close of business on January 31, 2024. Announcement • Dec 08
Scholastic Corporation to Report Q2, 2024 Results on Dec 14, 2023 Scholastic Corporation announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Dec 14, 2023 Upcoming Dividend • Oct 23
Upcoming dividend of US$0.20 per share at 2.2% yield Eligible shareholders must have bought the stock before 30 October 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (5.5%). Reported Earnings • Sep 23
First quarter 2024 earnings released: US$2.35 loss per share (vs US$1.33 loss in 1Q 2023) First quarter 2024 results: US$2.35 loss per share (further deteriorated from US$1.33 loss in 1Q 2023). Revenue: US$228.5m (down 13% from 1Q 2023). Net loss: US$74.2m (loss widened 63% from 1Q 2023). Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Sep 21
Scholastic Corporation Declares Quarterly Cash Dividend on the Company's Class A and Common Stock for the Second Quarter of Fiscal 2024, Payable on December 15, 2023 Scholastic Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share on the Company's Class A and Common Stock for the second quarter of fiscal 2024. The dividend is payable on December 15, 2023, to all shareholders of record as of the close of business on October 31, 2023. Announcement • Sep 15
Scholastic Corporation to Report Q1, 2024 Results on Sep 21, 2023 Scholastic Corporation announced that they will report Q1, 2024 results at 4:00 PM, Eastern Standard Time on Sep 21, 2023 Upcoming Dividend • Aug 23
Upcoming dividend of US$0.20 per share at 1.9% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.9%). Announcement • Aug 11
Scholastic Corporation, Annual General Meeting, Sep 20, 2023 Scholastic Corporation, Annual General Meeting, Sep 20, 2023, at 09:00 Eastern Daylight. Agenda: To Electing seven directors to the Board of Directors; to An advisory vote for the approval of fiscal 2023 compensation awarded to Named Executive Officers; to An advisory vote on the frequency of a stockholder advisory vote regarding the compensation awarded to Named Executive Officers;. Recent Insider Transactions • Aug 07
Independent Director recently sold €181k worth of stock On the 2nd of August, John Davies sold around 5k shares on-market at roughly €39.94 per share. This transaction amounted to 64% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €322k more than they bought in the last 12 months. Announcement • Jul 23
Scholastic Corporation Provides Earnings Guidance for the Year 2024 Scholastic Corporation provided earnings guidance for the year 2024. The Company expects fiscal 2024 revenue growth of 3% to 5%. Announcement • Jul 22
Scholastic Corporation Announces First Quarter of Fiscal 2024 Dividend, Payable on September 15, 2023 Scholastic Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share on the Company's Class A and Common Stock for the first quarter of fiscal 2024. The dividend is payable on September 15, 2023, to all shareholders of record as of the close of business on August 31, 2023. Reported Earnings • Jul 21
Full year 2023 earnings released: EPS: US$2.56 (vs US$2.35 in FY 2022) Full year 2023 results: EPS: US$2.56 (up from US$2.35 in FY 2022). Revenue: US$1.70b (up 3.7% from FY 2022). Net income: US$86.3m (up 6.7% from FY 2022). Profit margin: 5.1% (up from 4.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Jul 14
Scholastic Corporation to Report Q4, 2023 Results on Jul 20, 2023 Scholastic Corporation announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Jul 20, 2023 Announcement • Jun 06
Scholastic Appoints Sasha Quinton as Executive Vice President and President, School Reading Events Scholastic announced that Sasha Quinton has been named Executive Vice President and President, School Reading Events. Previously EVP and President, School Book Fairs, Ms. Quinton brings growth-focused, strategic leadership to the newly combined U.S. Book Fairs and Book Clubs divisions. In this new role for the Company, Ms. Quinton continues to be a member of the executive committee, reporting to Scholastic President and CEO Peter Warwick. Ms. Quinton has appointed a new School Reading Events management committee, tapping proven leaders who successfully transformed the Book Fairs business during the pandemic, one of the most challenging periods in the division's history, and have delivered double-digit growth and historic participation since. They also rebranded the trusted Fairs franchise with a bold character-forward design, modern aesthetic, and child-first approach. Ms. Quinton brings more than two decades of publishing, retail, distribution, and marketing experience to her role and has developed a reputation as a publishing industry thought leader. Before joining Scholastic, she served as head merchant for Barnes and Noble Inc., she spent a decade at ReaderLink Distribution Services. In her role as SVP, Marketing, she designed bespoke book programs for the nation's leading retailers across channels--from mass merchants to grocery chains--and oversaw all of the distributor's marketing functions, including merchandising, purchasing, product strategy, and development. Upcoming Dividend • Apr 20
Upcoming dividend of US$0.20 per share at 2.2% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 41% and the cash payout ratio is 94%. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.7%). Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €30.40, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 15x in the Media industry in Germany. Total returns to shareholders of 50% over the past three years. Reported Earnings • Mar 25
Third quarter 2023 earnings released: US$0.57 loss per share (vs US$0.44 loss in 3Q 2022) Third quarter 2023 results: US$0.57 loss per share (further deteriorated from US$0.44 loss in 3Q 2022). Revenue: US$324.9m (down 5.7% from 3Q 2022). Net loss: US$19.2m (loss widened 26% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jan 23
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 30 January 2023. Payment date: 15 March 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (7.2%). Reported Earnings • Dec 17
Second quarter 2023 earnings released: EPS: US$2.18 (vs US$1.97 in 2Q 2022) Second quarter 2023 results: EPS: US$2.18 (up from US$1.97 in 2Q 2022). Revenue: US$587.9m (up 12% from 2Q 2022). Net income: US$75.3m (up 10% from 2Q 2022). Profit margin: 13% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Dec 16
Scholastic Corporation Provides Earnings Guidance for the Fiscal Year 2023 Scholastic Corporation provided earnings guidance for the fiscal year 2023. For the year, on the basis of the company's current operating momentum, financial results year-to-date and fourth quarter expectations, the company affirms revenue growth guidance of 8% to 10%. Announcement • Dec 15
Scholastic Corporation Announces Third Quarter Dividend, Payable on March 15, 2023 Scholastic Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share on the Company's Class A and Common Stock for the third quarter of fiscal 2023. The dividend is payable on March 15, 2023, to all shareholders of record as of the close of business on January 31, 2023. Announcement • Dec 09
Scholastic Corporation to Report Q2, 2023 Results on Dec 15, 2022 Scholastic Corporation announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Dec 15, 2022 Announcement • Oct 25
Scholastic Corporation (NasdaqGS:SCHL) announces an Equity Buyback for 6% of its issued share capital, for $75 million. Scholastic Corporation (NasdaqGS:SCHL) announces a share repurchase program. Under the program, the company will repurchase up to $75 million worth of its shares, representing 6% of outstanding shares. The shares will repurchased at a per share purchase price of not less than $35 nor greater than $40 per share. The company expects to fund the repurchases with cash on hand. The program is valid until November 22, 2022. Upcoming Dividend • Oct 21
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 28 October 2022. Payment date: 15 December 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (9.2%). Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 27% share price decline to €29.40, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 10x in the Media industry in Germany. Total loss to shareholders of 6.6% over the past three years. Recent Insider Transactions • Sep 29
President recently bought €105k worth of stock On the 27th of September, Peter Warwick bought around 3k shares on-market at roughly €32.33 per share. This transaction amounted to 4.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Peter's only on-market trade for the last 12 months. Reported Earnings • Sep 24
First quarter 2023 earnings released: US$1.33 loss per share (vs US$0.70 loss in 1Q 2022) First quarter 2023 results: US$1.33 loss per share (further deteriorated from US$0.70 loss in 1Q 2022). Revenue: US$262.9m (up 1.2% from 1Q 2022). Net loss: US$45.5m (loss widened 88% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Sep 23
Scholastic Corporation Affirms Revenue Guidance for the Fiscal Year 2023 Scholastic Corporation affirmed revenue guidance for the fiscal year 2023. For the year, the company affirmed that revenues to increase 8% to 10%. Announcement • Sep 22
Scholastic Corporation Announces Second Quarter Dividend, payable on December 15, 2022 Scholastic Corporation announce that its Board of Directors declared a quarterly cash dividend of $0.20 per share on the Company's Class A and Common Stock for the second quarter of fiscal 2023. The dividend is payable on December 15, 2022 to all shareholders of record as of the close of business on October 31, 2022. Announcement • Sep 16
Scholastic Corporation to Report Q1, 2023 Results on Sep 22, 2022 Scholastic Corporation announced that they will report Q1, 2023 results at 4:00 PM, Eastern Standard Time on Sep 22, 2022 Upcoming Dividend • Aug 23
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (8.4%). Recent Insider Transactions • Aug 17
Insider recently sold €198k worth of stock On the 12th of August, Sasha Quinton sold around 4k shares on-market at roughly €46.04 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €237k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 25% share price gain to €44.40, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 17x in the Media industry in Germany. Total returns to shareholders of 53% over the past three years. Reported Earnings • Jul 22
Full year 2022 earnings released: EPS: US$2.34 (vs US$0.32 loss in FY 2021) Full year 2022 results: EPS: US$2.34 (up from US$0.32 loss in FY 2021). Revenue: US$1.64b (up 26% from FY 2021). Net income: US$80.9m (up US$91.9m from FY 2021). Profit margin: 4.9% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jul 22
Scholastic Corporation Provides Earnings Guidance for the Fiscal Year 2023 Scholastic Corporation provided earnings guidance for the fiscal year 2023. For the period, the company expects revenue to increase 8%-10%. For the upcoming year, the company expects revenue to be approximately $1.8 billion. Announcement • Jul 21
Scholastic Corporation Approves 33% Increase in Its Regular Quarterly Dividend on the Company's Class A and Common Stock, Payable on September 15, 2022 Scholastic Corporation announced that its Board of Directors approved a 33% increase in its regular quarterly dividend to $0.20 per share from $0.15 per share on the Company's Class A and Common Stock, commencing with the dividend declared for the first quarter of fiscal 2023. The dividend is payable on September 15, 2022 to all shareholders of record as of the close of business on August 31, 2022. The indicated annual dividend rate will now be $0.80 per share. Announcement • Jul 15
Scholastic Corporation to Report Q4, 2022 Results on Jul 21, 2022 Scholastic Corporation announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Jul 21, 2022 Announcement • May 24
Scholastic Corporation Announces Board Changes On May 18, 2022, the Board of Directors of Scholastic Corporation elected Linda Li as a director of the company. Ms. Li was appointed to fill a vacancy in one of the Board seats elected by the Class A stockholders of the Company created by the resignation of Mary Beech as a director in connection with her joining the Company as Chief Marketing and Transformation Officer. Ms. Li is currently the Senior Vice President & General Manager of Wirecutter at The New York Times Company, and brings with her an expertise in driving growth and innovation in both technology and media companies. She first began her career at McKinsey based in China before moving to New York City in 2012 to join the Mayor’s Office in the Economic Development Corporation. Later, Ms. Li stayed focused on strategy, product and operations as she rose in her career, earning a track record of delivering digital growth for which her strategy has a clear focus on building capabilities and developing people to deliver on business goals. Ms. Li has not yet been appointed to any Board committee pending consideration of what would be the most appropriate assignment. Ms. Li will be compensated for her services as a director on the same basis as other non-employee directors of the Company, including annual retainers, eligibility to receive stock-based awards under the Company’s outside director stock incentive plan and the ability to participate in the deferred compensation plan for directors. Upcoming Dividend • Apr 21
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 28 April 2022. Payment date: 15 June 2022. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.9%). Lower than average of industry peers (5.9%). Reported Earnings • Mar 19
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: US$0.44 loss per share (down from US$0.41 loss in 3Q 2021). Revenue: US$344.5m (up 24% from 3Q 2021). Net loss: US$15.3m (loss widened 10% from 3Q 2021). Revenue missed analyst estimates by 23%. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Jan 21
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 28 January 2022. Payment date: 15 March 2022. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (4.1%). Reported Earnings • Dec 17
Second quarter 2022 earnings: EPS in line with expectations, revenues disappoint Second quarter 2022 results: EPS: US$1.99 (up from US$1.02 in 2Q 2021). Revenue: US$524.2m (up 29% from 2Q 2021). Net income: US$68.3m (up 95% from 2Q 2021). Profit margin: 13% (up from 8.6% in 2Q 2021). Revenue missed analyst estimates by 23%. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Oct 23
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 28 October 2021. Payment date: 15 December 2021. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.0%). Announcement • Sep 24
Scholastic Corporation Provides Earnings Guidance for the Fiscal 2022 Scholastic Corporation provided earnings guidance for the fiscal 2022. The company faces certain headwinds in fiscal 2022 with higher labor costs, the discontinuation of certain COVID-related government subsidies and inflationary pressures that could impact paper, freight and other operating costs. Supply chain issues and potential labor shortages could adversely impact operating income through higher costs and/or revenue shortfalls.