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NEW YORK - Scholastic Corporation (NASDAQ:SCHL), currently trading at $19.12 with a market capitalization of $510 million, announced Monday it expects fiscal 2025 Adjusted EBITDA to align with its original guidance of $140 million to $150 million, exceeding its subsequently narrowed outlook following successful cost management and solid fourth-quarter execution. According to InvestingPro data, the company maintains strong financial health with a current ratio of 1.23, indicating sufficient liquidity to meet short-term obligations.
The children's publishing and education company outlined several strategic initiatives aimed at enhancing shareholder value. Scholastic has retained Newmark Group to identify investment partners for a potential sale-leaseback transaction of its New York City office and retail real estate. The company is also evaluating financial advisors for a similar transaction involving its distribution centers in Jefferson City, Missouri. With a dividend yield of 4.18% and an 18-year track record of consistent dividend payments, Scholastic demonstrates commitment to shareholder returns. InvestingPro analysis suggests the stock is currently trading below its Fair Value, presenting a potential opportunity for investors.
"We are pleased with the meaningful progress our team has made over the past six months," said Peter Warwick, President and Chief Executive Officer, in the press release.
Scholastic recently reorganized its Children's Book and Education Solutions businesses, appointing new leaders tasked with refining strategies and improving financial results in fiscal 2026 and beyond.
The company's board is working with executive search firm Korn Ferry to identify two new independent directors to replace David Young and John Davies, who plan to retire at the upcoming 2025 annual meeting. Scholastic has added five new independent directors to its eleven-member board in the last four years.
The company stated it remains focused on pursuing long-term growth opportunities across all business segments while leveraging its brand, content, and distribution channels.
Scholastic will discuss its progress and fiscal 2026 outlook during its fourth-quarter earnings call in July, according to the statement based on a press release.
In other recent news, Scholastic Corporation has announced a significant reorganization by merging its Trade Publishing, Book Fairs, and Book Clubs divisions into a unified Children's Book Group. This strategic move, effective June 1, 2025, is designed to enhance the company's reach to young readers and better leverage its intellectual property across various platforms. Sasha Quinton, previously President of School Reading Events, will lead the new group as Executive Vice President and President. Additionally, Jackie De Leo will join as Publisher and Chief Merchant, bringing over 25 years of experience from Barnes & Noble. Scholastic plans to release more details about this reorganization when it announces its fiscal 2025 results and fiscal 2026 outlook in July. In another development, Scholastic appointed Chris Lick as Executive Vice President, General Counsel, and Corporate Secretary, starting June 1, 2025. Lick, who has been with the company since 2008, will oversee key legal functions and provide strategic legal counsel. These changes are part of Scholastic's ongoing efforts to strengthen its leadership team and maintain its commitment to promoting literacy and learning.
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