Wiley reported first quarter sales for the period ended July 31, with sales of $431 million, compared to $423.5 million last year’s period, an increase of 2 percent. EBITDA was $81.8 million, compared to $57.5 million, up 42 percent and outperforming analysts expectations. Education Publishing sales were $64.1 million, down 2 percent from last year’s period. Consistent with the long-term trend, there were “continued market pressures on print books.” The release noted, “Digital content and courseware growth accelerated while print textbooks continued to decline sharply.” Professional Learning declined 21 percent, as COVID-19 closures impacted in-person corporate training. In Education Publishing, […]
