Scholastic Corp (NASDAQ: SCHL) reported Q2 EPS of $2.57, $0.50 better than the analyst estimate of $2.07. Revenue for the quarter came in at $551.1 million versus the consensus estimate of $556.72 million.

The Company has affirmed its outlook for full-year Adjusted EBITDA and free cash flow (both defined in the accompanying tables) after adjustments for the sale-leasebacks of its major real estate assets, which were not assumed in its original guidance. Net of a $14 million partial-year impact of these transactions on rental income and expense, the outlook for full-year Adjusted EBITDA is $146 million to $156 million. Fiscal 2026 free cash flow is forecasted to exceed $430 million, reflecting proceeds from the sale of the Company\'s real estate assets. The Company now expects full-year revenue in line with or modestly above the prior year, reflecting solid growth within its Children\'s Book Publishing and Distribution segment, offset by lower year-to-date sales in Education Solutions.

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