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Dec. 17, 2015, 8:13 AM
Dec. 8, 2015, 11:51 AM
- John Wiley & Sons (NYSE:JW.A) has tumbled 7.7% after its fiscal Q2 results missed on top and bottom lines and the company lowered its revenue growth outlook.
- Revenue fell 9% but declined just 5% excluding forex effects. EPS declined 10% in constant currency. The company pointed to a tough comparison stemming from a large backfile sale in the prior period.
- Journal Subscriptions and Author-Funded Access were flat; Online Program Management and Online Test Preparation grew 18% and 13%.
- Free cash flow use was $192.7M for the first half, up from $140.7M in the year-ago period.
- It reaffirmed outlook for flat EPS growth, but lowed its fiscal 2016 revenue guidance to flat as well, both in constant currency. A change to time-based digital journal subscription agreements will shift some $35M of revenue and $0.35 in EPS to fiscal 2017, mostly in back-to-school Q3.
- Press Release
Dec. 8, 2015, 8:40 AM
Dec. 7, 2015, 5:30 PM
Oct. 1, 2015, 11:41 AM
- Peter Booth Wiley, Chairman of John Wiley & Sons (JW.A -1.4%), is retiring from that post as planned, after 13 years as chairman.
- He'll be replaced as chairman by Matthew Kissner. Wiley was elected to another term as a director.
- "Although I am stepping down as Chairman after 13 years, the Wiley family remains dedicated to its leadership role in the governance of the company," Wiley said in a statement.
- Kissner has been executive VP at Pitney Bowes along with experience at Bankers Trust, Citigroup and Morgan Stanley.
Oct. 1, 2015, 2:18 AM
- John Wiley & Sons (NYSE:JW.A) declares $0.30/share quarterly dividend, in line with previous.
- Forward yield 2.4%
- Payable Oct. 28; for shareholders of record Oct. 13; ex-div Oct. 9.
Sep. 9, 2015, 11:11 AM
- John Wiley & Sons (NYSE:JW.A) has given up gains along with the market, now down 1.2% following a fiscal Q1 earnings report where revenues missed expectations against foreign-exchange headwinds.
- Revenue that fell 3.4% overall was up 2% when adjusting for forex losses. EPS of $0.58 was up 11% in constant currency. EBITDA of $86.9M beat an expected $79.5M.
- Revenue breakout: Research, $237.4M (down 7%); Professional Development, $98.7M (up 7%); Education, $86.9M (down 4%). Adjusting for foreign exchange, Professional development revenues were up 10% while Education declined 1% and Research was flat.
- The company reaffirmed guidance for low-single-digit revenue growth and flat EPS growth (constant currency) for fiscal 2016 -- excluding an impact on revenues from changing to time-based journal subscriptions, which will move about $35M in revenue and $0.35 in EPS to fiscal 2017 from fiscal 2016.
Sep. 9, 2015, 8:03 AM
- John Wiley & Sons (NYSE:JW.A): FQ1 EPS of $0.58 beats by $0.09.
- Revenue of $423M (-3.4% Y/Y) misses by $10.16M.
Sep. 8, 2015, 5:30 PM
Jun. 25, 2015, 8:03 AM
- John Wiley & Sons (NYSE:JW.A) declares $0.30/share quarterly dividend, 3.4% increase from prior dividend of $0.29.
- Forward yield 2.14%
- Payable July 22; for shareholders of record July 7; ex-div July 3.
Jun. 16, 2015, 4:04 PM
- After spending most of today down as much as 0.7%, John Wiley & Sons (JW.A +0.3%) regained positive ground into the close following this morning's fiscal Q4 earnings report.
- The company's profits grew 17% on a constant currency basis, though revenues of $441.6M missed expectations by more than 4%. Wiley generates half its revenue outside the United States, with exposure to the strength of the dollar.
- Revenue by segment: Research, $274.6M (down 7.5%); Professional Development, $100.4M (up 8%); Education, $66.6M (down 1%).
- For the full year, the company pointed to 4% revenue growth in Research journals (its largest, most profitable business) and digital products and services that amounted to 60% of revenues overall.
- Wiley guided to low-single-digit revenue growth and flat EPS growth (constant currency) for fiscal 2016. CapitalIQ consensus estimates have the company drawing $1.91B in revenues and EPS of $3.57 for the year.
Jun. 16, 2015, 8:03 AM
- John Wiley & Sons (NYSE:JW.A): FQ4 EPS of $0.81 beats by $0.02.
- Revenue of $441.64M (-3.4% Y/Y) misses by $19.95M.
Jun. 15, 2015, 5:30 PM
Apr. 30, 2015, 11:59 PM
- John Wiley & Sons (NYSE:JW.A) has elevated John Semel, its planning and development chief, to the role of chief strategy officer effective immediately.
- The company's charged him with strengthening the company's publishing business. Before Wiley, Semel was an executive VP for business development for The Weinstein Co.
- Wiley also rolled together its Talent Solutions andj Education Services businesses under the leadership of Jeff Sugerman, senior VP. He was previously president and CEO of Inscape.
Apr. 15, 2015, 9:16 AM
- John Wiley & Sons (NYSE:JW.A) says Stephen Smith, president and CEO, will retire for medical reasons and has named COO Mark Allin to succeed him.
- Smith has been with Wiley for more than 20 years and held the top positions since 2011; he guided the company through its transition from print to a largely digital focus.
- Allin is a 14-year company vet, since Wiley acquired the company he founded, Capstone Publishing.
Apr. 6, 2015, 3:58 PM
- John Wiley & Sons (NYSE:JW.A) declares $0.29/share quarterly dividend, in line with previous.
- Forward yield 1.91%
- Payable April 27; for shareholders of record April 16; ex-div April 14.
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