Scholastic Corp Files 10-Q for Q2 FY25

TL;DR

Scholastic's Q2 FY25 10-Q is in. Shows stock and earnings data from 2023-2024.

AI Summary

Scholastic Corporation filed its 10-Q for the period ending November 30, 2024. The filing covers the second quarter of their fiscal year. Key financial data and company information are presented, including details on common stock and retained earnings as of various dates in 2023 and 2024.

Why It Matters

This filing provides investors and analysts with an update on Scholastic's financial performance and position for the second quarter of fiscal year 2025, allowing for informed investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags or significant new risks indicated.

Key Numbers

• 2024-11-30 — Period End Date (Reporting period for the 10-Q filing.)
• 2023-11-30 — Prior Year Period End Date (Comparison point for financial performance.)
• 2024-05-31 — Fiscal Year End (End of Scholastic's fiscal year.)

Key Players & Entities

• SCHOLASTIC CORP (company) — Filer
• 20241130 (date) — Period of Report
• 20241220 (date) — Filed as of Date
• 555 BROADWAY (address) — Business Address
• NEW YORK (location) — Business City
• 2123436100 (phone_number) — Business Phone

FAQ

Key Financial Figures

• $0.01 — ange on Which Registered Common Stock, $0.01 par value SCHL The NASDAQ Stock Market

Filing Documents

• schl-20241130.htm (10-Q) — 1726KB
• schl-ex101_20241130xq2.htm (EX-10.1) — 11KB
• schl-ex102_20241130xq2.htm (EX-10.2) — 32KB
• schl-ex103_20241130xq2.htm (EX-10.3) — 52KB
• schl-ex104_20241130xq2.htm (EX-10.4) — 53KB
• schl-ex105_20241130xq2.htm (EX-10.5) — 27KB
• schl-ex21_20241130xq2.htm (EX-21) — 57KB
• schl-ex311_20241130xq2.htm (EX-31.1) — 16KB
• schl-ex312_20241130xq2.htm (EX-31.2) — 16KB
• schl-ex32_20241130xq2.htm (EX-32) — 10KB
• image_0.jpg (GRAPHIC) — 3KB
• schl-20241130_g1.jpg (GRAPHIC) — 47KB
• 0000866729-24-000034.txt ( ) — 9132KB
• schl-20241130.xsd (EX-101.SCH) — 59KB
• schl-20241130_cal.xml (EX-101.CAL) — 90KB
• schl-20241130_def.xml (EX-101.DEF) — 291KB
• schl-20241130_lab.xml (EX-101.LAB) — 693KB
• schl-20241130_pre.xml (EX-101.PRE) — 482KB
• schl-20241130_htm.xml (XML) — 1460KB

- Financial Information

Part I - Financial Information Page Item 1.

Financial Statements

Financial Statements Condensed Consolidated Statements of Operations (Unaudited) 3 Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) 4 Condensed Consolidated Balance Sheets (Unaudited) 5 Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) 6 Condensed Consolidated Statements of Cash Flows (Unaudited) 8 Notes to Condensed Consolidated Financial Statements (Unaudited) 9 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 25 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 34 Item 4.

Controls and Procedures

Controls and Procedures 35

- Other Information

Part II - Other Information Item 1.

Business

Business 36 Item 1a.

Risk Factors

Risk Factors 36 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 38 Item 5. Other Information 39 Item 6. Exhibits 37

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements SCHOLASTIC CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED (Dollar amounts in millions, except per share data) Three months ended Six months ended November 30, November 30, 2024 2023 2024 2023 Revenues $ 544.6 $ 562.6 $ 781.8 $ 791.1 Operating costs and expenses: Cost of goods sold 228.6 234.1 356.9 364.1 Selling, general and administrative expenses 224.9 213.1 407.0 397.3 Depreciation and amortization 16.3 14.1 31.6 27.5 Asset impairments and write downs 0.1 — 0.1 — Total operating costs and expenses 469.9 461.3 795.6 788.9 Operating income (loss) 74.7 101.3 ( 13.8 ) 2.2 Interest income (expense), net ( 4.4 ) 0.4 ( 7.4 ) 1.8 Other components of net periodic benefit (cost) ( 0.3 ) ( 0.2 ) ( 0.6 ) ( 0.5 ) Earnings (loss) before income taxes 70.0 101.5 ( 21.8 ) 3.5 Provision (benefit) for income taxes 21.2 24.6 ( 8.1 ) 0.8 Net income (loss) $ 48.8 $ 76.9 $ ( 13.7 ) $ 2.7 Basic and diluted earnings (loss) per share of Class A and Common Stock Basic $ 1.73 $ 2.51 $ ( 0.48 ) $ 0.09 Diluted $ 1.71 $ 2.45 $ ( 0.48 ) $ 0.09 See accompanying notes 3 SCHOLASTIC CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - UNAUDITED (Dollar amounts in millions) Three months ended Six months ended November 30, November 30, 2024 2023 2024 2023 Net income (loss) $ 48.8 $ 76.9 $ ( 13.7 ) $ 2.7 Other comprehensive income (loss), net: Foreign currency translation adjustments ( 11.9 ) 0.2 ( 3.7 ) 2.0 Pension and postretirement adjustments (net of tax) 0.2 0.1 0.4 0.3 Total other comprehensive income (loss), net $ ( 11.7 ) $ 0.3 $ ( 3.3 ) $ 2.3 Comprehensive income (loss) $ 37.1 $ 77.2 $ ( 17.0 ) $ 5.0 See accompanying notes 4 SCHOLASTIC CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED (Dollar amounts in millions, except per share data) November 30, 2024 May 31, 2024 November 30, 2023 (unaudited) (audited) (unaudited) ASSETS Current Assets: Cash and

View Full Filing

View this 10-Q filing on SEC EDGAR