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Scholastic Corporation

Scholastic Corporation (SCHL)

19.81
-5.03
(-20.25%)
Closed 22 December 8:00AM
20.00
0.19
(0.96%)
After Hours: 11:40AM

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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
... cash is trash, kids are priceless ... $SCHL
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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
... $26.60 ... $SCHL
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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
... $23.12 ... $SCHL
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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
Scholastic Fiscal Q2 GAAP EPS, Revenue Miss Expectations; Shares Slip After-Hours
MT NEWSWIRES 4:18 PM ET 12/17/2020
04:18 PM EST, 12/17/2020 (MT Newswires) -- Scholastic (SCHL) on Thursday reported fiscal Q2 non-GAAP diluted EPS of $1.15, down from $2.06 a year ago.

GAAP EPS declined to $1.02 from $2.02. That missed the $1.38 consensus estimate of analysts polled by Capital IQ.

Revenue in the quarter ended November fell to $406.2 million from $597.2 million. The revenue missed the projection of analysts polled by Capital IQ of $528 million.

The company decided not to issue a financial outlook for the fiscal year 2021 due to the ongoing variability in school instruction patterns and schedules due to the COVID-19 pandemic.

The board maintained a quarterly dividend of $0.15 per share, payable on March 15 to shareholders of record on Jan. 29.

Price: 25.76, Change: -1.15, Percent Change: -4.27

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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
NEW YORK, Dec. 17, 2020 /PRNewswire/ -- Scholastic (NASDAQ: SCHL), the global children's publishing, education, and media company, today announced two key leadership appointments. Effective January 1, 2021, Beth Polcari, current Executive Vice President and President, Scholastic Magazines Group, will transition to the role of President, International. She succeeds Nelson Hitchcock who, after a 15-year career at Scholastic, will retire at the end of this year. Rose Else-Mitchell is rejoining Scholastic as President, Education Solutions and over the next six months, will work with current Scholastic Education President Greg Worrell and Ms. Polcari to combine their existing two divisions into a single Education Solutions group, which Ms. Else-Mitchell will lead effective June 1, 2021. After leading his division through this transition, Mr. Worrell will continue to advise on strategic partnerships until his planned retirement after 30 years in December 2021. In these roles, Ms. Polcari, Ms. Else-Mitchell, and Mr. Worrell will report directly to Richard Robinson, Chairman and Chief Executive Officer of Scholastic.
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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
... dividend news ... $SCHL
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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
... $27.00 ... $SCHL
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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
Scholastic Corporati (SCHL)
23.73 ? 0.25 (1.06%)
Volume: 1,774 @11/11/20 9:35:36 AM EST
Bid Ask Day's Range
23.57 23.75 23.54 - 23.73
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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
Scholastic Corporati (SCHL)
22.68 ? 2.68 (13.40%)
Volume: 266,180 @11/09/20 4:43:33 PM EST
Bid Ask Day's Range
20.3 22.68 21.33 - 23.12
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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
... after the $SCHL trump slump ... #StrongBuy
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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
... MOCK $SCHL ELECTION ...

If Biden wins this will recover it’s pre-Trump valuation plus some.


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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
Dividend

As previously announced, the Company's Board of Directors declared a quarterly cash dividend of $0.15 per share on the Company's Class A and Common Stock for the second quarter of fiscal 2021. The dividend is payable on December 15, 2020 to shareholders of record as of the close of business on October 30, 2020.

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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
Fiscal 2021 Outlook

The Company has substantially completed work on lowering its cost base by $100 million, and believes that a significant portion of these cost savings, as well as new measures being taken, should continue to favorably impact future period results. The outlook for the Company's trade and education businesses remains positive with a robust frontlist of bestselling series and authors scheduled to release over the remainder of the fiscal year and Scholastic's digital education programs and digital-only magazines gaining momentum as schools look to learning solutions which can be used at school and at home. However, delays in club orders and fair bookings will likely lead to a significant decline in revenues in the Company's Children's Book Publishing and Distribution segment in the second quarter. The Company believes that business conditions should improve in the second half of its fiscal year as schools adjust to operational changes in response to COVID-19, and we expect increasing demand for the Company's slate of flexible new services, such as our virtual and shippable fair options and home delivery of club and fair orders, as well as our safe and easy in-person fairs. Given the variability in school schedules, as well as the possibility of new COVID outbreaks and their potential impact on schools, Scholastic is not providing a financial outlook for fiscal year 2021.

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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
... hopefully this does what we project it will do ... $SCHL
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whytestocks whytestocks 4 years ago
BREAKING NEWS: $SCHL Scholastic $SCHL Trading Report

The Scholastic (NASDAQ: SCHL) update and the technical summary table below can help you manage risk and optimize returns. Here we provide day, swing, and longer-term trading plans for SCHL, and we cover 1000 other stocks too. This is a snapshot, it was real-time when the report was publ...

Find out more SCHL - Scholastic $SCHL Trading Report
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ValueInvestor15 ValueInvestor15 8 years ago
Little upside for Scholastic $SCHL investors prior to earnings

Analysis
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Enterprising Investor Enterprising Investor 9 years ago
Envision open-market purchases to begin in February.

At 11/30/15, Scholastic had Board authority to repurchase $59.9 million in stock.
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vpagano vpagano 9 years ago
Tender offer canceled:

http://247wallst.com/services/2016/01/21/scholastic-terminates-dutch-auction-tender-offer/

One of the conditions influencing the termination of the offering was that there shall not have occurred any decrease of more than 10% in the Dow Jones Industrial Average, the New York Stock Exchange Index, the Nasdaq Composite Index or the Standard & Poor’s 500 Composite Index measured from the close of trading on December 28, 2015, the day the tender offer commenced.

Under the terms of the tender offer, once such a decrease in any of the foregoing indices occurred at any time prior to the expiration of the tender offer, and regardless of whether subsequent changes in the relevant index brought the decline back up to less than 10%, Scholastic had the right to terminate the tender offer.

On January 13, 2016, the Nasdaq Composite Index had declined by more than 10% from the close of trading on December 28, 2015, triggering the failure of the condition.
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Enterprising Investor Enterprising Investor 9 years ago
Scholastic Corporation Announces Commencement Of Tender Offer To Purchase Up To $200 Million Of Common Stock (12/28/15)

NEW YORK, Dec. 28, 2015 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, announced today the commencement of its previously announced modified "Dutch Auction" tender offer to purchase up to $200 million of its common stock at a price not less than $37.00 per share or more than $40.00 per share. The number of shares proposed to be purchased in the tender offer (at a minimum purchase price of $37.00 per share) represents approximately 16.5% of Scholastic's currently outstanding common shares. The closing price per share of Scholastic's common stock on the Nasdaq Stock Market on Wednesday, December 23, 2015, the last full trading day prior to the commencement of the tender offer, was $38.49 per share.

The tender offer will expire on Tuesday, January 26, 2016 at 5:00 p.m., New York City time, unless the tender offer is extended or withdrawn by the Company. Tenders of shares must be made prior to the expiration of the tender offer and may be withdrawn at any time prior to the expiration of the tender offer, in each case in accordance with the procedures described in the Offer to Purchase and accompanying tender offer materials that are being distributed to stockholders.

On the terms and subject to the conditions of the tender offer, Scholastic stockholders will have the opportunity to tender some or all of their shares of common stock at a price or any number of prices contained within the price range established by Scholastic. Based on the number of shares duly tendered and the prices specified by the tendering stockholders, Scholastic will determine the lowest price per share within the range that will enable it to buy up to $200 million of its common stock or a lower amount if the offer is not fully subscribed. If stockholders properly tender shares greater than $200 million in value, Scholastic will purchase shares of common stock tendered by those stockholders on a pro rata basis, subject to the conditional tender offer provisions described in the Offer to Purchase. In accordance with the rules of the Securities and Exchange Commission, the Company also reserves the right to purchase up to an additional 2% of its shares outstanding pursuant to and without amending or extending the tender offer.

All shares accepted for payment will be purchased at the same purchase price, regardless of whether any stockholder tendered such shares at a lower price within the range. Stockholders will receive the purchase price in cash, less any applicable withholding taxes and without interest, for shares properly tendered (and not withdrawn) promptly after the expiration of the tender offer. All shares tendered at prices above the purchase price will not be purchased and will be returned promptly to the tendering stockholders. The tender offer is not contingent on any minimum number of shares being tendered. However, the tender offer is subject to a number of other conditions specified in the Offer to Purchase.

UBS Securities LLC will serve as the dealer manager for the tender offer. Questions concerning the tender offer may be directed to UBS Securities LLC at (212) 713-3560. Georgeson Inc. will serve as information agent for the tender offer and Computershare Trust Company, N.A. will serve as depositary for the tender offer. For more information about the tender offer, please contact Georgeson Inc. at (888) 661-5651.

Neither Scholastic Corporation nor any member of its board of directors, nor the dealer manager, the information agent or the depositary is making any recommendation to stockholders as to whether to tender or refrain from tendering their shares into the proposed tender offer or as to the price or prices at which stockholders may choose to tender their shares. Stockholders must make their own decisions as to how many shares they will tender, if any, and the price within the stated range at which they will tender their shares for purchase by Scholastic. Stockholders should consult their financial and tax advisors in making this decision.

SCHOLASTIC'S DIRECTORS HAVE INFORMED SCHOLASTIC THAT THEY DO NOT INTEND TO TENDER COMMON SHARES IN THE OFFER. RICHARD ROBINSON, THE CHAIRMAN, PRESIDENT AND CHIEF EXECUTIVE OFFICER OF SCHOLASTIC, AND OTHER MEMBERS OF THE ROBINSON FAMILY, AS WELL AS THE OTHER OFFICERS OF SCHOLASTIC, HAVE ALSO INFORMED SCHOLASTIC THAT THEY DO NOT INTEND TO TENDER COMMON SHARES IN THE OFFER.

THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO PURCHASE OR THE SOLICITATION OF AN OFFER TO SELL SHARES OF SCHOLASTIC COMMON STOCK. THE TENDER OFFER IS BEING MADE ONLY PURSUANT TO THE OFFER TO PURCHASE, LETTER OF TRANSMITTAL AND RELATED MATERIALS THAT SCHOLASTIC WILL BE DISTRIBUTING TO ITS STOCKHOLDERS AND FILING WITH THE SECURITIES AND EXCHANGE COMMISSION. STOCKHOLDERS AND INVESTORS SHOULD READ CAREFULLY THE OFFER TO PURCHASE, LETTER OF TRANSMITTAL AND RELATED MATERIALS BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE VARIOUS TERMS OF, AND CONDITIONS TO, THE TENDER OFFER. STOCKHOLDERS ARE URGED TO CAREFULLY READ THESE MATERIALS PRIOR TO MAKING ANY DECISION WITH RESPECT TO THE TENDER OFFER.

Holders of common stock will be able to obtain the tender offer materials free of charge on the Company's website at investor.scholastic.com, the SEC's website at www.sec.gov, or at the SEC's public reference room located at 100 F Street, N.E., Washington, DC 20549. Please call the SEC at 1-800-SEC-0330 for further information about the public reference room. In addition, holders of common stock may request copies of the Tender Offer Statement, the Offer to Purchase, related Letter of Transmittal and other filed tender offer documents free of charge by contacting Georgeson Inc., the Information Agent for the Offer, by telephone toll-free at (888) 661-5651 or in writing to 480 Washington Boulevard, 26th Floor, Jersey City, NJ 07310.

About Scholastic

Scholastic Corporation (NASDAQ: SCHL) is the world's largest publisher and distributor of children's books, a leading provider of print and digital instructional materials for pre-K to grade 12, and a producer of educational and entertaining children's media. The Company creates quality books and ebooks, print and technology-based learning materials and programs, classroom magazines and other products that, in combination, offer schools customized and comprehensive solutions to support children's learning both at school and at home. The Company also makes quality, affordable books available to all children through school-based book clubs and book fairs. With a 95 year history of service to schools and families, Scholastic continues to carry out its commitment to "Open a World of Possible" for all children. Learn more at www.scholastic.com.

http://www.prnewswire.com/news-releases/scholastic-corporation-announces-commencement-of-tender-offer-to-purchase-up-to-200-million-of-common-stock-300197159.html
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Enterprising Investor Enterprising Investor 9 years ago
Scholastic Sets Price Range For Previously Announced Modified Dutch Auction Tender Offer (12/21/15)

NEW YORK, Dec. 21, 2015 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today announced that its Board of Directors has authorized the price range for its intended repurchase of up to $200 million of the Company's common stock through a modified "Dutch Auction" tender offer.

Under the terms of the proposed tender offer, holders of shares of Scholastic common stock will have the opportunity to tender some or all of their shares at a price within the range of $37 to $40 per share. Based upon the number of shares tendered and the prices specified by the tendering stockholders, Scholastic will determine the lowest price per share within the range that will enable it to buy $200 million in shares, or such lesser number of shares that are properly tendered. All shares accepted for payment will be paid the same price, regardless of whether a stockholder tendered such shares at a lower price within the range. At the minimum price of $37 per share, Scholastic would repurchase a maximum of 5,405,405 shares, which represents approximately 16.5% of Scholastic's currently outstanding common stock. At the maximum price of $40 per share, Scholastic would repurchase a maximum of 5,000,000 shares, which represents approximately 15.3% of Scholastic's currently outstanding common stock. Scholastic will fund the repurchase from available cash. The high end of the price range represents approximately a 6.1% premium to Friday's closing price of $37.71 per share.

The tender offer will be subject to various terms and conditions as will be described in offer materials that will be publicly filed and distributed to stockholders at the time of the commencement of the tender offer during the week of December 28, 2015. The Dealer-Manager for the tender offer will be UBS Securities LLC.

Neither Scholastic's management, nor any of its board of directors, executive officers, the dealer manager, the information agent or the depositary will be making any recommendation to stockholders as to whether to tender or refrain from tendering their shares in the proposed tender offer. Stockholders must decide how many shares they will tender, if any, and the price within the stated range at which they will tender their shares. Stockholders should consult their financial and tax advisors in making this decision.

The tender offer described in this press release has not yet commenced. This press release is for information purposes only, and is not an offer to purchase or the solicitation of an offer to sell any shares of Scholastic common stock. The solicitation of offers to purchase shares of Scholastic common stock will be made only pursuant to the tender offer documents, including an Offer to Purchase and related Letter of Transmittal that Scholastic intends to distribute to stockholders and file with the Securities and Exchange Commission during the week of December 28, 2015.

SCHOLASTIC STOCKHOLDERS ARE URGED TO READ THE TENDER OFFER STATEMENT (INCLUDING THE OFFER TO PURCHASE, LETTER OF TRANSMITTAL AND RELATED TENDER OFFER DOCUMENTS) WHEN IT BECOMES AVAILABLE AND ANY OTHER DOCUMENTS FILED WITH THE SEC BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION CONCERNING THE TERMS OF THE TENDER OFFER.

Once the tender offer is commenced copies of the tender offer statement on Schedule TO, the Offer to Purchase, Letter of Transmittal and other documents that Scholastic will be filing with the Securities and Exchange Commission will be distributed by the Company to the Company's stockholders at no expense to them and will also be available to stockholders free of charge at the Commission's website at www.sec.gov or the investors information section of Scholastic's website at investor.scholastic.com or by directing a request to Gil Dickoff at (212) 343-6741 or investor_relations@scholastic.com.

http://www.prnewswire.com/news-releases/scholastic-sets-price-range-for-previously-announced-modified-dutch-auction-tender-offer-300195609.html
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Enterprising Investor Enterprising Investor 9 years ago
Better Stock in Book Publishing: Scholastic Corp. or Houghton Mifflin Harcourt Co? (12/20/15)

Which book publisher is a better long-term buy?

Leo Sun (TMFSunLion)

Times have been tough for traditional book publishers. The rise of online self-publishing has leveled the playing field for writers, cheap e-books have lowered price expectations, and used book sales have reduced publisher revenues. Research firm PWC estimates that global books revenue will grow at a compound annual growth rate of just 1.3% between 2014 and 2019.

But despite those challenges, two big book publishers, Scholastic (NASDAQ:SCHL) and Houghton Mifflin Harcourt (NASDAQ:HMHC), have actually outperformed the market. Over the past 12 months, Scholastic has rallied 22%, while Houghton has gained 4%. Let's take a closer look at both companies to see which is a better investment in the book publishing industry.

Scholastic
Scholastic is the market leader in the school book market, which is well-insulated from the oversaturated consumer book market. It publishes popular book series like The Hunger Games and Harry Potter (in the United States) and generates a stable stream of revenue from book fairs. Scholastic previously sold educational software through its Educational Technology division, but it sold that unit to Houghton Mifflin Harcourt earlier this year for $575 million.

In fiscal 2015, Scholastic's revenue from continuing operations rose 4.8% annually to $1.64 billion. Children's Book Publishing and Distribution revenue climbed 7.4% to $959 million, while Education revenue rose 8.2% to $276 million. Its international revenue dipped 3% to $401 million, but growth at the other two segments offset that decline. A major risk for Scholastic's children's division is waning interest in the Hunger Games and Harry Potter, due to the conclusion of both film series. As a result, analysts expect Scholastic's revenue to rise just 1.5% in fiscal 2016.

Scholastic's diluted earnings per share from continuing operations rose 12.2% to $0.46 per share in 2015. Looking ahead, analysts expect Scholastic to post annual earnings growth of about 9% over the next five years. Based on that forecast, Scholastic's current forward P/E of 22 and 5-year PEG ratio of 2.9 indicate that the stock is currently overvalued. But in October, Oppenheimer analysts stated that Scholastic might sell three floors of its Manhattan headquarters for over $350 million, which would produce $250 million ($7.31 per share) in after-tax proceeds and boost its earnings growth.

Over the past 12 months, Scholastic has spent 14% of its free cash flow on buybacks and 20% on dividends. That conservative use of its FCF indicates that it has room to grow both to boost shareholder value in the future.

Houghton Mifflin Harcourt
Scholastic rival Houghton Mifflin Harcourt publishes best-selling titles like The Lord of the Rings, Life of Pi, and the Little Prince. In addition to publishing mainstream books through its trade publishing unit, Houghton runs an educational products business which provides educational software and tech services to schools. The publisher went public in late 2013 at $12 per share, closed over $16 on its first trading day, and trades at about $20 as of this writing.

In fiscal 2014, HMH's revenue slipped 0.5% annually to $1.37 billion. Education sales stayed nearly flat at $1.21 billion, while trade publishing revenues fell 4.7% to $163 million. However, the aforementioned acquisition of Scholastic's Education Technology unit should boost HMH's top-line growth. That unit generated $249 million in revenues in fiscal 2014 and $175 million in the first nine months of 2015. Thanks to that boost, analysts expect HMH's revenues to rise 5% annually this year and 8% in fiscal 2017. But as HMH notes in the "risk factors" part of its most recent 10-K filing, the educational software and services business could be disrupted by curriculum changes in the controversial Common Core program in the U.S. HMH also notably lacks Scholastic's entrenched position in school systems.

On the bottom line, HMH posted a net loss in both fiscal 2013 and 2014. Looking ahead, analysts expect HMH to grow its earnings per share at just 5% annually over the next five years. That's considerably lower than Scholastic's expected earnings growth rate. Due to that bottom-line weakness, HMH doesn't buy back stock or pay a dividend.

The winner: Scholastic
Scholastic is clearly a better book publishing stock than HMH. The company has better top- and bottom-line growth, room to boost buybacks and dividends, and a stickier customer base across schools. However, investors should note that the stock's valuations are getting a bit high, and its children's publishing revenue could slip if it fails to secure a new best-selling series like The Hunger Games.

http://www.fool.com/investing/general/2015/12/20/better-stock-in-book-publishing-scholastic-corp-or.aspx
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Enterprising Investor Enterprising Investor 9 years ago
Scholastic Corp (12/17/15)

The company traded as low as $37.18 and last traded at $37.24, with a volume of 506,844 shares traded. The stock had previously closed at $41.19.
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Enterprising Investor Enterprising Investor 9 years ago
Scholastic Enters Oversold Territory (SCHL)

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In trading on Thursday, shares of Scholastic Corp. (Symbol: SCHL) entered into oversold territory, hitting an RSI reading of 25.2, after changing hands as low as $36.70 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 45.9. A bullish investor could look at SCHL's 25.2 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of SCHL shares: Scholastic Corp. 1 Year Performance Chart

Looking at the chart above, SCHL's low point in its 52 week range is $33.21 per share, with $46.28 as the 52 week high point - that compares with a last trade of $36.76.

Read more: http://www.nasdaq.com/article/scholastic-enters-oversold-territory-schl-cm556160#ixzz3ugnpLqVn
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Enterprising Investor Enterprising Investor 9 years ago
Scholastic Reports Fiscal 2016 Second Quarter Results (12/17/15)

Strong Trade Publishing Sales in Children's Books Globally

2016 Sales and EPS Guidance Revised on Foreign Currency Headwinds

NEW YORK, Dec. 17, 2015 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported financial results for the Company's fiscal 2016 second quarter ended November 30, 2015.

Revenue in the second quarter, excluding the effects of foreign exchange on the Company's international operations, was $619.0 million, compared to $611.1 million a year ago. Including the negative foreign exchange impact of $17.2 million in the current quarter, revenue as reported was $601.8 million, versus $611.1 million in the prior year period, a decrease of less than 2%. The Company reported second quarter earnings per diluted share from continuing operations of $1.85, versus $2.02 in the prior year period. Operating profit for the second quarter of fiscal year 2016 of $105.1 million was down 5% versus the prior year period. Results for the second quarter of the current fiscal year include one-time expenses of $0.04 per diluted share, which are detailed below. The prior year period included one-time expenses of $0.19 per diluted share. Excluding one-time items, second quarter earnings from continuing operations per diluted share were $1.89 versus $2.21 in the prior year period.

Second quarter results were bolstered by sales growth in the Company's book fairs and trade channels in the Children's Book Publishing and Distribution segment and classroom magazines, custom publishing and teaching resources in the Education segment, along with sales gains in the majority of the Company's overseas markets before the effects of currency translation. These gains were more than offset by the unfavorable impact of foreign currency on the sales and profits of the Company's international operations and the effects of a now settled labor action in Ontario schools that resulted in a substantial drop in reading club and book fair revenues in the important fall back-to-school months. In addition, the Company's domestic reading club business was impacted by later school openings largely as a result of the late Labor Day holiday.

During the second quarter, the Company generated free cash flow (as defined) of $101.8 million, compared to $125.7 million in the prior year period, which had included a positive cash flow contribution from the Company's former Educational Technology and Services business (EdTech), which was sold at the end of the prior fiscal year. At quarter-end, cash and cash equivalents exceeded the Company's total debt by $348.9 million, as compared to net debt (as defined) of $61.3 million a year ago, primarily reflecting the net cash proceeds, after taxes and transaction-related expenses, from the sale of the EdTech business.

"The positive global climate for quality children's books continued in the second quarter, as evidenced by solid performance in our US book fairs and trade channels, as well as improved results in trade publishing internationally, where we achieved trade sales growth in almost every market. These gains, however, were more than offset by declines in our international operations due to the impact of foreign exchange," commented Richard Robinson, Chairman, President and Chief Executive Officer. "In the Education segment, higher circulation in classroom magazines drove higher sales and profits, and we continue to get a strong response from our school and district customers for our expanded instructional reading programs and professional learning services. Despite the positive results in children's books and education, with the headwinds caused by the continued strength in the US dollar and the challenging start to the school year in our Canada business, we are revising our sales and EPS guidance for the year."

Non-recurring items reflected in the Company's pre-tax results for the second quarter include a one-time severance charge of $1.5 million associated with the Company's restructuring of its media business, $0.5 million in connection with a warehouse optimization project in the Company's book fairs operations, and $0.4 million of one-time transaction-related expenses.

Revised Fiscal 2016 Guidance

Given the year-to-date impact of foreign exchange and the recently settled labor action in Ontario schools, Scholastic revised its fiscal 2016 outlook for total revenue to approximately $1.65 billion, from approximately $1.7 billion, and earnings per diluted share from continuing operations to approximately $1.35, from a range of $1.35 to $1.55, before the impact of one-time items associated with cost reduction programs or non-cash, non-operating items. The Company continues to expect free cash flow in the range of $35 to $45 million, excluding the one-time taxes paid on the gain on the sale of the EdTech business.

Second Quarter Results

Children's Book Publishing and Distribution. Segment revenue in the second quarter was $414.0 million, compared to $408.6 million in the prior year period, an increase of $5.4 million, or 1%. In Trade, revenue of $61.7 million was on par with the prior year period as strong trade publishing results were tempered by a decline in production revenues in the media and entertainment operations, which are now part of the Trade division. Revenue for trade publishing, excluding the media operations, was up 7% for the quarter. A strong fall frontlist including Star Wars: Jedi Academy #3: The Phantom Bully; Wings of Fire Book 7: Winter Turning; Captain Underpants and the Sensational Saga of Sir Stinks-A-Lot; and Harry Potter and the Sorcerer's Stone: The Illustrated Edition, as well as the newly released Harry Potter Coloring Book, benefited trade publishing. Additionally, the Company's Goosebumps® books performed well in connection with the release of a film based on the series and its author, R. L. Stine, during the quarter. In School Book Fairs, revenue increased by 6% to $231.3 million, reflecting both higher revenue per fair and an increase in the number of fairs held, as compared to $217.4 million in the prior year period. These segment gains were partially offset by lower revenues in school reading clubs, where later school openings and lower Minecraft handbook sales drove a $8.6 million, or 7%, decline in revenues to $121.0 million, compared to $129.6 million in the prior year period. Overall segment operating income was $108.9 million, flat with the prior year period.

Education. Segment revenue in the quarter increased 3% to $72.1 million, compared to $69.9 million in the prior year period, as a result of higher circulation in classroom magazines, which now exceeds 14.5 million subscriptions, and increased sales in the Company's custom publishing programs, as well as higher demand for the Company's teaching resource workbooks, partially offset by a decline in classroom books as pipeline orders shifted to the third fiscal quarter. Segment operating income was $11.9 million, versus $11.6 million in the prior year period, an increase of 3%, primarily due to the higher sales in the Company's classroom and custom publishing channels, partially offset by increased investment in the education sales force and new marketing programs.

International. Segment revenue in the quarter was $115.7 million, versus $132.6 million in the prior year period, primarily due to unfavorable foreign exchange translation of $17.2 million as the result of the strong US dollar and the Ontario school labor action that resulted in a drop in reading club orders and the cancellation of book fairs for most of the quarter. Segment operating income was $11.5 million, compared to $19.8 million in the prior year period, primarily the result of the lower sales in Canada and the impact of dollar-based cost of product on operating margins. While certain overseas markets grew in local currency terms, namely Australia, UK and India, these gains were more than offset when converted to US dollars.

Other Financial Results. Corporate overhead in the second quarter was $25.3 million, excluding one-time items of $1.9 million, compared to $18.6 million in the prior year period, after excluding $10.8 million in one-time items. The increase was primarily due to higher strategic technology spend on new enterprise-wide customer and content management systems and the migration to cloud-based SaaS solutions, as anticipated.

During the quarter, the Company realized a gain of $2.2 million on the sale of an investment in China, which was held by its Hong Kong business unit.

As previously announced, the Company's Board of Directors declared a quarterly cash dividend of $0.15 per share on the Company's Class A and Common Stock for the third quarter of fiscal 2016. The dividend is payable on March 15, 2016 to shareholders of record as of the close of business on January 29, 2016.

Share Repurchase Announcement / Real Estate Update

Concurrent with the issuance of this release, the Company separately issued a release announcing its real estate plans for the Company's headquarters location in New York City, and its intent to repurchase up to $200 million of its common stock in a modified "Dutch Auction" tender offer. The tender offer will be subject to various terms and conditions as will be described in offer materials that will be filed and distributed to stockholders at the time of the commencement of the tender offer. For additional details see: http://mediaroom.scholastic.com/press-release/scholastic-share-repurchase-plan.

Year-to-Date Results

For the first half of fiscal 2016, revenue was $793.0 million, compared to $801.6 million in the prior year period, a decrease of $8.6 million, or 1%. Earnings per diluted share from continuing operations in the first half of the fiscal year were $0.47, compared to $0.41 a year ago, including one-time charges of $0.08 and $0.27 per diluted share, respectively. The lower revenues are mainly attributable to the impact of foreign exchange on the Company's international operations of $28.9 million and the effect of the work-to-rule labor action in Ontario, partially offset by strong gains in Children's Book Publishing and Distribution and Education.

On a year-to-date basis, the Company had a free cash use of $201.4 million, compared to free cash flow of $48.8 million in the previous year. The current year-to-date free cash use includes approximately $200 million in tax and other payments related to the sale of the Company's EdTech business at the end of the prior fiscal year, as well as the loss of EdTech positive cash contributions from operations, which were front-end loaded in the prior fiscal year. Excluding the impact of the tax payment on the Company's cash flows, free cash use in the first half of fiscal 2016 was $15.4 million, in line with the Company's expectations.

Additional Information

To supplement our financial statements presented in accordance with GAAP, we include certain non-GAAP calculations and presentations. Please refer to the non-GAAP financial tables attached to this press release for supporting details on special one-time items and other financial measures included in this release. This information should be considered as supplemental in nature and not as a substitute for the related financial information prepared in accordance with GAAP.

Conference Call

The Company will hold a conference call to discuss its results at 8:30 am ET today, December 17, 2015. Scholastic's Chairman, President and CEO, Richard Robinson, and Executive Vice President, CAO and CFO, Maureen O'Connell, will moderate the call.

The conference call and accompanying slides will be webcast and accessible through the Investor Relations section of Scholastic's website, scholastic.com. Participation by telephone will be available by dialing (877) 654-5161 from within the U.S. or +1 (678) 894-3064 internationally. Shortly following the call, an archived webcast and accompanying slides from the conference call will also be posted at investor.scholastic.com. An audio-only replay of the call will be available until Friday, January 1, 2016 by dialing (855) 859-2056 from within the U.S. or +1 (404) 537-3406 internationally, and entering access code 81617885.

About Scholastic

Scholastic Corporation (NASDAQ: SCHL) is the world's largest publisher and distributor of children's books, a leading provider of print and digital instructional materials for pre-K to grade 12, and a producer of educational and entertaining children's media. The Company creates quality books and ebooks, print and technology-based learning materials and programs, classroom magazines and other products that, in combination, offer schools customized and comprehensive solutions to support children's learning both at school and at home. The Company also makes quality, affordable books available to all children through school-based book clubs and book fairs. With a 95 year history of service to schools and families, Scholastic continues to carry out its commitment to "Open a World of Possible" for all children. Learn more at www.scholastic.com.

[tables deleted]

http://www.prnewswire.com/news-releases/scholastic-reports-fiscal-2016-second-quarter-results-300194300.html
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Enterprising Investor Enterprising Investor 9 years ago
Scholastic Announces Intent To Return Up To $200 Million To Shareholders Through Modified Dutch Auction Tender Offer (12/17/15)

Company Will Retain Ownership and Future Value of Headquarters Property; Increased Leasing of Retail Space Expected to Boost Operating Income

NEW YORK, Dec. 17, 2015 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today announced that its Board of Directors has authorized the repurchase of up to $200 million of the Company's common stock through a modified "Dutch Auction" tender offer and has approved a plan to generate more rental income from retailers from the lower floors of its headquarters building located at 557 and 555 Broadway in New York City.

"This two-pronged plan enables us to immediately return meaningful value to Scholastic shareholders and boost future operating income with predictable rental income, while retaining full ownership of a valuable real estate asset," said Richard Robinson, Chairman, President and Chief Executive Officer. "We believe this plan makes best use of our strong balance sheet and cash position as it allows the Company to maintain considerable flexibility for targeted investments in our core print and digital publishing businesses while continuing to return capital to shareholders. It also preserves the flexibility to consider a potential real estate transaction at some point in the future."

Repurchase up to $200 Million of Common Stock

Under the terms of the proposed modified "Dutch Auction" tender offer, owners of Scholastic common stock will have the opportunity to tender some or all of their shares at a specified price range to be determined. The Company intends to commence the tender offer, which will be funded with cash on hand, by calendar year-end and which will remain open for at least twenty (20) business days. Further details, including the terms and conditions of the tender offer (including the specified price range), will be provided in the offer to purchase, letter of transmittal and other documents to be filed with the Securities and Exchange Commission in connection with the tender offer. In addition, approximately $60 million remains on the previous Board authorization for open-market share repurchases.

Increase Operating Income from Headquarters Real Estate Assets

The Company also announced that the Board has approved the Company's plan to retain ownership and the future value of its headquarters space at 557 and 555 Broadway in New York City, and to generate increased rental income by leasing the lower floors to retailers. As previously disclosed, the Company is investing approximately $10 million in fiscal 2016 to convert the space for additional rental retail operations and intends to sign leases with high-quality tenants, generating reliable recurring revenue streams. The Company expects new leases to commence in fiscal 2017 and the subsequent increase in recurring lease revenue to be accretive to operating income over time. Scholastic will also continue to realize cash tax benefits from the deduction of depreciation expenses on the property.

About Scholastic

Scholastic Corporation (NASDAQ: SCHL) is the world's largest publisher and distributor of children's books, a leading provider of print and digital instructional materials for pre-K to grade 12, and a producer of educational and entertaining children's media. The Company creates quality books and ebooks, print and technology-based learning materials and programs, classroom magazines and other products that, in combination, offer schools customized and comprehensive solutions to support children's learning both at school and at home. The Company also makes quality, affordable books available to all children through school-based book clubs and book fairs. With a 95 year history of service to schools and families, Scholastic continues to carry out its commitment to "Open a World of Possible" for all children. Learn more at www.scholastic.com.

Forward-Looking Statements

This news release contains certain forward-looking statements, including information concerning the Company's intention to commence a modified Dutch auction tender offer. Such forward-looking statements are subject to various risks and uncertainties, including the conditions of the children's book and educational materials markets and acceptance of the Company's products within those markets, and other risks and factors identified from time to time in the Company's filings with the Securities and Exchange Commission. Actual results could differ materially from those currently anticipated.

Important Information

The tender offer described in this press release has not yet commenced. This press release is for informational purposes only, is not a recommendation to buy or to sell shares of Scholastic Common Stock and does not constitute an offer to buy or the solicitation of an offer to sell shares of Scholastic Common Stock. The tender offer will be made only pursuant to the Offer to Purchase, Letter of Transmittal and related materials that Scholastic expects to file with the Securities and Exchange Commission prior to the end of the calendar year. Stockholders should read carefully the Offer to Purchase, Letter of Transmittal and related materials when they become available as these documents will contain important information regarding the terms and conditions of the tender offer. Once the tender offer is commenced copies of the tender offer statement on Schedule TO, the Offer to Purchase, Letter of Transmittal and other documents that Scholastic will be filing with the Securities and Exchange Commission will be distributed by the Company to the Company's stockholders at no expense to them and will also be available to stockholders free of charge at the Commission's website at www.sec.gov or the investors information section of Scholastic's website at http://investor.scholastic.com or by directing a request to Gil Dickoff at 343-6741 or investor_relations@scholastic.com.

http://www.prnewswire.com/news-releases/scholastic-announces-intent-to-return-up-to-200-million-to-shareholders-through-modified-dutch-auction-tender-offer-300194328.html

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stocktrademan stocktrademan 10 years ago
$SCHL recent news/filings

bullish

## source: finance.yahoo.com

Thu, 30 Apr 2015 00:15:02 GMT ~ 10-Q for Scholastic Corp.


read full: http://www.companyspotlight.com/routers/headline/21341/10004/6478173?cp_code=YAH1&1430352902
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Mon, 27 Apr 2015 12:48:23 GMT ~ Scholastic Corp upgraded by Gabelli & Co


read full: http://finance.yahoo.com/q/ud?s=SCHL
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Mon, 27 Apr 2015 04:08:45 GMT ~ Houghton Mifflin Buys Scholastic’s Ed Tech Business for $575 Million


read full: http://www.wsj.com/articles/scholastic-to-sell-ed-tech-business-to-houghton-mifflin-for-575-million-1429877280?ru=yahoo?mod=yahoo_itp
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Fri, 24 Apr 2015 20:56:52 GMT ~ SCHOLASTIC CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Other Events, Financial Statements an


read full: http://biz.yahoo.com/e/150424/schl8-k.html
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Fri, 24 Apr 2015 18:51:06 GMT ~ Houghton Mifflin buys Scholastic’s ed tech business for $575 million


read full: http://www.marketwatch.com/News/Story/Story.aspx?guid=6A5E9CE0-EAB1-11E4-A1B3-A57371081525&siteid=yhoof2
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$SCHL charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$SCHL company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/SCHL/company-info
Ticker: $SCHL
OTC Market Place: Not Available
CIK code: 0000866729
Company name: Scholastic Corp.
Incorporated In: DE, USA

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$SCHL share structure

## source: otcmarkets.com

Market Value: $1,325,628,760 a/o May 06, 2015
Shares Outstanding: 31,118,046 a/o Feb 28, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.01

$SCHL extra dd links

Company name: Scholastic Corp.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/SCHL/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/SCHL/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=SCHL+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=SCHL+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=SCHL+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/SCHL/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/SCHL/news - http://finance.yahoo.com/q/h?s=SCHL+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/SCHL/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/SCHL/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/SCHL/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/SCHL/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/SCHL/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/SCHL/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/SCHL/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/SCHL/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=SCHL+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/SCHL
DTCC (dtcc.com): http://search2.dtcc.com/?q=Scholastic+Corp.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Scholastic+Corp.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Scholastic+Corp.&x=0&y=0

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/SCHL/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/SCHL
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/SCHL/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/SCHL/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/SCHL/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000866729&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/SCHL/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/SCHL/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/SCHL/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/SCHL/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=SCHL&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=SCHL
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/SCHL/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=SCHL+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=SCHL+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=SCHL
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=SCHL
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=SCHL+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/SCHL/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=SCHL+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/SCHL.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=SCHL
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/SCHL/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/SCHL/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/SCHL/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/SCHL/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/SCHL
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/SCHL
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/SCHL:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=SCHL
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=SCHL



$SCHL DD Notes ~ http://www.ddnotesmaker.com/SCHL
👍️0
Penny Roger$ Penny Roger$ 13 years ago
Scholastic Storia(TM) Awarded The "Editor's Choice Award" By ...
MarketWatch (press release) - May 24, 2012
NEW YORK, May 24, 2012 /PRNewswire via COMTEX/ -- The Children's Technology Review, the "Consumer Reports" of products and trends in children's ...

http://www.marketwatch.com/story/scholastic-storiatm-awarded-the-editors-choice-award-by-childrens-technology-review-2012-05-24
👍️0
Penny Roger$ Penny Roger$ 13 years ago
~ Monday! $SCHL ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $SCHL ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=SCHL&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=SCHL&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=SCHL
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=SCHL#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=SCHL+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=SCHL
Finviz: http://finviz.com/quote.ashx?t=SCHL
~ BusyStock: http://busystock.com/i.php?s=SCHL&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=SCHL >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.
👍️0
Penny Roger$ Penny Roger$ 13 years ago
Scholastic Corporation (Scholastic) together with its subsidiaries is a global children’s publishing, education and media company. Scholastic is a publisher and distributor of children’s books and a provider of educational technology products and related services. Scholastic also creates educational and entertainment materials and products for use in school and at home, including magazines, children’s reference and non-fiction materials, teacher materials, television programming, film, videos and toys. It distributes its products and services through these channels, as well as directly to schools and libraries, through retail stores and through the Internet. Its Website, scholastic.com, is a site for teachers, classrooms and parents and destination for children. Scholastic operates in four segments: Children’s Book Publishing and Distribution; Educational Publishing; Media, Licensing and Advertising (which collectively represent the Company’s domestic operations), and International.

http://www.google.com/finance?q=SCHL
👍️0

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