Wiley reported fourth quarter sales for the period ending April 30, with sales falling 3 percent to $442 million (down $15 million) on currency exchange, as half their sales come from the weaker pound and euro. Adjusted operating income of $63 million was flat for the quarter, and net income was up $2 million to $48 million. The company took another restructuring charge of $4.9 million in the period “for severance and other costs related to reorganization and consolidation across the business,” the latest in $29 million worth of restructuring charges during the fiscal year. In the professional development division, […]
