Scholastic Corporation Reports Earnings Results for the Second Quarter and Six Months Ended November 30, 2023
December 14, 2023 at 04:01 pm EST
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Scholastic Corporation reported earnings results for the second quarter and six months ended November 30, 2023. For the second quarter, the company reported sales was USD 562.6 million compared to USD 587.9 million a year ago. Net income was USD 76.9 million compared to USD 75.3 million a year ago. Basic earnings per share from continuing operations was USD 2.51 compared to USD 2.17 a year ago. Diluted earnings per share from continuing operations was USD 2.45 compared to USD 2.12 a year ago.
For the six months, sales was USD 791.1 million compared to USD 850.8 million a year ago. Net income was USD 2.7 million compared to USD 29.8 million a year ago. Basic earnings per share from continuing operations was USD 0.09 compared to USD 0.86 a year ago. Diluted earnings per share from continuing operations was USD 0.09 compared to USD 0.84 a year ago.
Scholastic Corporation is a publisher and distributor of childrenâs books. The Company operates through three segments: Childrenâs Book Publishing and Distribution, Education Solutions and International. The Childrenâs Book Publishing and Distribution segment operates as an integrated business, which includes the publication and distribution of childrenâs books, e-books, media and interactive products in the United States through its book clubs and book fairs in its school channels and through the trade channel. The Education Solutions segment includes the publication and distribution to schools and libraries of childrenâs books, classroom magazines, print and digital supplemental and core classroom materials and programs and related support services, and print and on-line reference and non-fiction products for grades pre-kindergarten to 12 in the United States. The International segment includes the publication and distribution of products and services outside the United States.
SCHOLASTIC CORPORATION 
