Wiley reported results for their fiscal fourth quarter, ending April 30, and full fiscal year. Sales for Q4 were $443 million, down $25 million “due to foregone revenue from divestitures,” with adjusted sales “essentially even” at constant currency. Operating income rose, however, up $7.7 million to $76.5 million, though adjusted EBITDA was “essentially even.” Due in part to a tax benefit, net income was much higher than last year, at $68 million, compared to $25 million a year ago. The Learning segment had sales of $162 million for the quarter, down 5 percent. But the company reported “strong demand for […]
