NYSE$WLY

John Wiley & Sons Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Wiley's first quarter results for fiscal year 2023 were announced, revealing a mix of GAAP losses and adjusted gains at constant currency, with reaffirmed full-year outlook and a dividend increase.

Wiley's Q1 2023 shows a mixed performance with GAAP results indicating losses in operating income and EPS, while adjusted results at constant currency show revenue and adjusted EPS growth. The company reaffirms its full year outlook and has raised its quarterly dividend for the 29th consecutive year.

  • Wiley's Q1 revenue remained flat at $488 million, but increased by 4% at constant currency.
  • The company reported a GAAP operating loss of $17 million and a loss per share of $0.32.
  • Adjusted EPS at constant currency was $0.36, a 60% decrease year-over-year.
  • Wiley reaffirmed its full year outlook for revenue, adjusted EBITDA, adjusted EPS, and free cash flow.

Headline financials

Total Revenue

$488M

Previous: $488M-0.2%
EPS (adj)

$0.36

Previous: $0.54-33.3%
Adjusted EBITDA Margin

13.1%

Previous: 19.5%-32.8%
Capital Expenditures

-$17.9M

Previous: -$17.9M-0.1%
Free Cash Flow

-$108M

Previous: -$103M-5.0%
Net Income

-$17.8M

Previous: $13.8M-229.0%
Operating Income

-$17M

Previous: $41M-141.4%
Gross Profit

$314M

Previous: $322M-2.8%
Cash & Equivalents

$104M

Previous: $83M+25.9%
Total Assets

$3.23B

Previous: $3.36B-4.0%
Stock-Based Comp

$7.12M

Previous: $6.34M+12.3%

Revenue & EPS history

Wiley · Revenue · Quarterly

$488M

Q1 2023-0.2%vs Q1 2022
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Wiley · $408M total across 2 segments · Q1 2023

  • Research
    $275M+0.1%
  • Learning
    $133M-4.5%

Forward guidance

Wiley reaffirms its full year outlook for Revenue, Adjusted EBITDA, Adjusted EPS, and Free Cash Flow

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-1.0%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+0.7%

Avg return

30 days after

44%

18 / 41 earnings

Positive

+15.1%

Q3 2025

Best reaction

-17.4%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+4.1%+7.8%—
Q3 2026+13.9%+20.2%+28.2%
Q2 2026-9.4%-18.6%-22.1%
Q1 2026-4.1%+5.2%+0.5%
Q4 2025+0.0%+12.7%+12.4%
Q3 2025+15.1%+23.3%+10.8%
Q2 2025-7.5%-7.1%-13.2%
Q1 2025-9.3%-9.8%+5.6%
Q4 2024+11.4%+9.3%+26.5%
Q3 2024+11.5%+12.8%+15.9%
Q2 2024-0.3%+1.2%+2.3%
Q1 2024+1.5%+2.3%-2.1%
Q4 2023-11.4%-10.8%-5.7%
Q3 2023-17.4%-18.6%-12.8%
Q2 2023-5.2%-7.8%-6.4%
Q1 2023-9.8%+0.8%-19.4%
Q4 2022+0.4%+7.2%+10.5%
Q3 2022-0.7%+3.6%+4.6%
Q2 2022+0.1%+0.3%+1.8%
Q1 2022-1.1%+2.0%-9.1%
Q4 2021-4.9%-12.0%-8.3%
Q3 2021-0.5%+7.5%+8.4%
Q2 2021+13.8%+18.8%+31.4%
Q1 2021+5.1%+3.6%+4.1%
Q4 2020-11.5%-0.3%-12.7%
Q3 2020+5.4%+2.1%-2.2%
Q2 2020+1.8%+2.3%+1.7%
Q1 2020-4.6%-1.3%-3.6%
Q4 2019+5.1%+5.8%+4.0%
Q3 2019-16.4%-13.6%-13.5%
Q2 2019+0.0%-6.0%-10.3%
Q1 2019-11.0%-11.8%-5.1%
Q4 2018+2.8%-1.5%-4.4%
Q3 2018+0.7%+0.0%-0.8%
Q2 2018+2.7%+7.2%+13.1%
Q1 2018-2.7%-2.1%-1.2%
Q4 2017+4.6%+2.3%+1.3%
Q3 2017-1.1%+1.1%+0.6%
Q2 2017+2.7%+3.2%+0.9%
Q1 2017-6.8%-14.4%-12.2%
Q4 2016-6.4%-3.5%+6.8%
Q3 2016———
Q2 2016———
Q1 2016———
Q4 2015———
Q3 2015———
Q2 2015———
Q1 2015———
Q4 2014———
Q3 2014———
Q2 2014———
Q1 2014———
Q4 2013———
Q3 2013———
Q2 2013———
Q1 2013———
Q4 2012———
Q2 2012———
Q3 2012———
Q4 2011———
Q1 2012———
Q4 2009———
Q3 2011———
Q3 2010———
Q2 2011———
Q1 2010———
Q2 2010———
Q4 2010———
Q1 2011———

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