NYSE$WLY

John Wiley & Sons Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Wiley's Q2 2021 earnings increased due to growth in revenue and adjusted EBITDA.

Wiley reported a 5% increase in revenue to $491 million and a 54% increase in EPS to $1.22. Adjusted revenue increased by 4% to $491 million, adjusted EBITDA increased by 7% to $120 million, and adjusted EPS increased by 12% to $1.00.

  • Revenue of $491 million (+5%) and EPS of $1.22 (+54%).
  • Adjusted Revenue +4% to $491 million, EBITDA +7% to $120 million, and EPS +12% to $1.00.
  • Research Publishing & Platforms revenue +5% and Adjusted EBITDA +14% on strong double-digit growth in Open Access.
  • Education Services Adjusted EBITDA margin of 21%, trending ahead of FY22 target of 15%.

Headline financials

Total Revenue

$491M

Previous: $466M+5.3%
EPS (adj)

$1.00

Previous: $0.85+17.6%
Adjusted EBITDA Margin

24.5%

No prior period
Capital Expenditures

-$36.4M

Previous: -$44.5M+18.2%
Free Cash Flow

-$113M

Previous: -$144M+21.5%
Net Income

$68.4M

Previous: $44.7M+53.1%
Operating Income

$69.9M

Previous: $63.4M+10.3%
Gross Profit

$336M

Previous: $323M+4.1%
Cash & Equivalents

$86.1M

Previous: $108M-20.1%
Total Assets

$3.02B

Previous: $3.08B-2.0%
Stock-Based Comp

$4.75M

Previous: $5.69M-16.4%

Revenue & EPS history

Wiley · Revenue · Quarterly

$491M

Q2 2021+5.3%vs Q2 2020
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Wiley · $407M total across 2 segments · Q2 2024

  • Research
    $258M-4.9%
  • Learning
    $149M-2.4%

Forward guidance

Wiley anticipates low-single digit growth in revenue, which includes low-single digit growth in Research, a mid-single digit decline in Academic & Professional Learning, and double-digit growth in Education Services (mid-single digit growth on an organic basis).

Tailwinds

  • Revenue: $1,865 - $1,885 million
  • Adjusted EBITDA: $380 - $395 million
  • Adjusted EPS: $2.50 - $2.70
  • Free Cash Flow: $175 - $200 million
  • Low-single digit growth in Research

Headwinds

  • Mid-single digit decline in Academic & Professional Learning
  • Factors detailed from time to time in the Company's filings with the Securities and Exchange Commission.
  • The Company's ability to realize operating savings over time and in fiscal year 2021 in connection with our multi-year Business Optimization Program
  • The impact of COVID-19 on our operations, performance, and financial condition
  • The ability of the Company to successfully integrate acquired operations and realize expected opportunities

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 Q2 2021

Historical avgQ2 2021

-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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