Scholastic Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended February 29, 2024
March 21, 2024 at 04:01 pm EDT
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Scholastic Corporation reported earnings results for the third quarter and nine months ended February 29, 2024. For the third quarter, the company reported sales was USD 323.7 million compared to USD 324.9 million a year ago. Net loss was USD 26.5 million compared to USD 19.2 million a year ago. Basic loss per share from continuing operations was USD 0.91 compared to USD 0.57 a year ago. Diluted loss per share from continuing operations was USD 0.91 compared to USD 0.57 a year ago.
For the nine months, sales was USD 1,114.8 million compared to USD 1,175.7 million a year ago. Net loss was USD 23.8 million compared to net income of USD 10.6 million a year ago. Basic loss per share from continuing operations was USD 0.8 compared to basic earnings per share from continuing operations of USD 0.31 a year ago. Diluted loss per share from continuing operations was USD 0.8 compared to diluted earnings per share from continuing operations of USD 0.3 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 
