Wiley reported adjusted third quarter sales of $466 million, up 2 percent including foreign exchange, while adjusted operating income of $78 million was flat (with net income rising $3.5 million). The company took charges of $24 million in the quarter related to their ongoing restructuring program, of which half was due to prior restructurings of facilities and the other half due to severance costs. The company’s reduced trade book lines remain part of the “professional development” segment, where adjusted revenue 17 percent to $108.6 million, largely attributed to the recent acquisitions of CrossKnowledge (which contributed $16.2 million in revenue) and Profiles International […]
