Fourth quarter adjusted sales at Wiley rose 3 percent to $441 million, as operating income of $58.9 million dropped 9 percent and adjusted net income of $42.6 million (or 71 cents a share) was down 6 percent. For the full year, sales of $1.761 billion were virtually flat compared to a year ago, with operating income of $252.4 million and net income of $175.6 million declining 6 and 7 percent, respectively. (Adjusted results reflect the trade publishing properties sold to Google, Houghton Mifflin Harcourt, and other companies, a process which was “effectively complete” by the end of the fourth quarter.) […]
