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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