John Wiley & Sons (JW-A) Tops Q3 EPS by 17c, Updates FY Guidance
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Wiley Reports Third Quarter Fiscal 2020 Results
March 4, 2020 8:00 AM ESTHOBOKEN, N.J.--(BUSINESS WIRE)-- John Wiley & Sons, Inc. (NYSE: JWA)(NYSE: JWB), a global research and education company, today announced results for the third quarter ended January 31, 2020.
GAAP Results: Revenue of $467 million (+4%) and EPS of $0.63 (+3%) Adjusted Results (at constant currency): Revenue +4%, EBITDA +7%, and EPS +10% Acquired mthree, a leader in delivering job-ready tech talent for corporations, for $129 million Full year outlook raised for EPS; reaffirmed for revenue, EBITDA, and Free Cash FlowWe saw good momentum across Wiley this quarter, said Brian Napack, Wileys President and CEO. The Research and Education Services businesses continued to deliver solid revenue growth and improved profitability, while the pace of decline in book publishing moderated. Our focus on high-demand disciplines and careers continued to gain traction while important new client agreements, partnerships and targeted M&A accelerated momentum in key areas such as open science and career-focused education.
GAAP Measures
Unaudited ($millions except for EPS)
Q3 2020
Q3 2019
Change
Â
Revenue
$467.1
$449.4
+4%
Diluted EPS
$0.63
$0.61
+3%
Non-GAAP Measures
Q3 2020
Q3 2019
Change
Constant Currency
Revenue
$467.1
$449.4
+4%
Adjusted EBITDA
$95.5
$89.8
+7%
Adjusted EPS
$0.68
$0.61
+10%
Excluding acquisitions and currency impact, revenue rose 2% for the quarter. Foreign exchange had minimal impact in the quarter.
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