Wiley reported fiscal first quarter sales on Friday, with sales of $411 million, up $7 million from a year ago, but lower operating income, at $14.5 million down from $43.8 million in 2016. The gap was attributable to $29 million of restructuring and related charges, from their “operational excellence initiatives.” Their book publishing business continues its steady decline: STM and professional publishing fell 10 percent to $63.6 million, as education publishing fell 17 percent to $45.7 million, for a combined decline of $16.3 million. Release
