John Wiley & Sons (JW-A) Tops Q1 EPS by 33c, Revenues Beat

John Wiley & Sons (NYSE: JW-A) reported Q1 EPS of $0.42, $0.33 better than the analyst estimate of $0.09. Revenue for the quarter came in at $431 million versus the consensus estimate of $413.54 million.

SUMMARY

• GAAP Results: Revenue of $431 million (+2%) and EPS of $0.29 (+$0.23)
• Adjusted Results (at constant currency): Revenue +2% to $431 million, EBITDA +42% to $82 million, and EPS +124% to $0.42
• Research Publishing & Platforms (at constant currency): Revenue +6% and Adjusted EBITDA +19%
• Shareholder Return: Wiley among select group with 27 consecutive years of annual dividend increases

MANAGEMENT COMMENTARY

“Wiley’s core strategies in open research and online education are paying off with unprecedented gains in Research article output and content consumption, strong online enrollment growth, and record new adoption of digital courseware,” said Brian Napack, President and CEO. “The Wiley team is executing well through the pandemic as we continue to take advantage of market-driven growth trends in Research and Education, while driving further efficiency gains across our business.”

For earnings history and earnings-related data on John Wiley & Sons (JW-A) click here.

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