Fubotv earnings beat by $0.10, revenue topped estimates
NEW YORK - Scholastic Corporation (NASDAQ:SCHL), the global children’s publishing company with a market capitalization of $561 million and an InvestingPro Financial Health score of "Fair," announced Thursday the appointment of Milena Alberti and Anne Clarke Wolff to its board of directors as independent directors, effective July 16, 2025. According to InvestingPro analysis, the company appears undervalued based on its Fair Value assessment.
The company, which has maintained dividend payments for 18 consecutive years and currently offers a 3.8% dividend yield, said John L. Davies and David J. Young, who had planned to retire at the upcoming 2025 annual meeting, will step down immediately to allow the new directors to begin participating in board deliberations.
Alberti brings over 30 years of experience in publishing and finance, having served as Global and US Chief Financial Officer at Penguin Random House. She currently chairs the board of Pitney-Bowes Inc. and serves as audit committee chair for Allurion Technologies.
Wolff, who founded Independence Point Advisors in 2021, has 30 years of experience in financial services. She previously managed Bank of America’s Global Corporate Banking business and led sales for JP Morgan’s Treasury and Securities Services. She has served on Amphenol Corporation’s board since 2018.
"We are pleased to welcome two independent and highly qualified individuals to the Board who are prepared to support the Board’s focus on business transformation, growth strategies and capital allocation," said Iole Lucchese, Chair of the Board, in a press release statement.
The company also announced that Alix Guerrier, appointed in 2024 as a representative of Common Stockholders, has been reappointed as a representative of Class A Stockholders.
With these changes, Scholastic noted that seven of its eleven board members have been appointed within the past four years, reflecting the company’s commitment to regular board refreshment. The company’s next earnings report is scheduled for July 24, with analysts expecting net income growth this year. For deeper insights into Scholastic’s financial health and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro, which includes additional proprietary metrics and expert analysis.
In other recent news, Scholastic Corporation has affirmed its fiscal 2025 outlook, projecting Adjusted EBITDA between $140 million to $150 million, following effective cost management and strong fourth-quarter performance. The company is exploring strategic initiatives, including a potential sale-leaseback of its New York City office and retail real estate, and is considering similar actions for its distribution centers in Missouri. Scholastic has reorganized its business by merging its Trade Publishing, Book Fairs, and Book Clubs into a new Children’s Book Group, led by Sasha Quinton, to enhance its reach to young readers. Additionally, Jackie De Leo has been appointed as Publisher and Chief Merchant of the Children’s Book Group, bringing her extensive experience from Barnes & Noble. Scholastic has also announced the appointment of Chris Lick as Executive Vice President and General Counsel, succeeding Andrew Hedden. Furthermore, the company declared a quarterly dividend of $0.20 per share for the first quarter of fiscal 2026. These developments reflect Scholastic’s ongoing efforts to enhance shareholder value and pursue long-term growth opportunities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.