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More on Scholastic Q2 results

Published 12/20/2018, 08:40 AM
© Reuters.  More on Scholastic Q2 results
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  • Scholastic (SCHL -2.6%) reports Q2 revenue of $604.7M (+1.1% Y/Y).
  • Revenue by segment: Children's book publishing and distribution was $417.9M (+1% Y/Y); Education was $71.5M (+4% Y/Y) & International of $115.3M (NYSE:MMM) (flat Y/Y).
  • Q2 Operating margin for Children's book publishing and distribution declined 236 bps to 25.4%; Education increased 596 bps to 11.6% & International declined 145 bps to 11.3%.
  • Adj. EBITDA declined 81 bps to 20.3%.
  • Cash from operations was $128M; free cash flow was $93.5M vs. prior year free cash flow of $90.7M.
  • The Company's cash and cash equivalents exceeded the Company's total debt by $344.6M.
  • 2019 Outlook: Revenues of $1.65-1.70B; Adj. EPS of $1.60-1.70; Adj. EBITDA $160-170M & capital expenditures of $70-80M.
  • Previously: Scholastic misses by $0.07, beats on revenue (Dec. 20)


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