Wiley reported fiscal second quarter earnings Wednesday morning (not expecting that financial markets would be closed in honor of the late President Bush). Sales of $449 million were down by $3 million, as operating income of $57.5 million was down $23.3 million. They took $10 million of restructuring charges in the quarter, $8.7 million of that for severance, “reflecting continued cost reduction actions across the business.” ($5.2 million of those charges were against corporate expenses; $1.4 million was for the publishing division.) Foreign exchange reduced sales by $8.7 million. In advance of the formal SEC filing, this time Wiley’s press […]
