Wiley reported third quarter results on Tuesday morning, and the company continues to perform well in nearly every area and medium except for their oldest one: books. Companywide sales were flat at $436.5 million, with net income rising $14 million to $53 million in the period. They took a $9.1 million restructuring charge in the quarter “primarily related to the consolidation of facilities and severance provisions related to additional efficiency gains.” CEO Mark Allin noted that “publishing revenue showed a significant decline due to market weakness in books and reference material, particularly print.” Wiley’s book sales have been declining continuously […]
