Read How John Wiley & Sons Fared In Q4

John Wiley & Sons Inc WLY reported fourth-quarter FY22 sales growth of 2% year-on-year to $545.7 million.
Revenue from Research Publishing & Platforms rose 5%, Academic & Professional Learning declined 7%, and Education Services increased 8%.
Costs and expenses increased 0.5% Y/Y to $487.2 million.
The operating margin expanded Y/Y from 9.6% to 10.7%, and operating income for the quarter rose 14% to $58 million.
The company held $100.4 million in cash and equivalents as of April 30, 2022. Net cash provided by operating activities for the year totaled $339.1 million.
Adjusted EBITDA remained flat (CC) at $111 million, and the adjusted EBITDA margin was 20.3%.
Adjusted EPS was $1.08 versus $1.15 a year earlier.
Outlook: John Wiley sees FY23 sales of $2.10 billion - $2.14 billion and adjusted EPS of $3.40 - $3.75 at spot rates.
Price Action: WLY shares are trading higher by 2.20% at $49.17 on the last check Wednesday.

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