NYSE$WLY
John Wiley & Sons Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Wiley's Q2 2024 performance was in line with expectations as the company executes its value creation plan, focusing on core growth and improved profitability.
Wiley reported a revenue of $493 million, a decrease of 4%. The company's GAAP EPS showed a loss of -$0.35, impacted by impairment and restructuring charges. However, adjusted revenue, excluding businesses held for sale or sold, was $407 million, a decrease of 2%, with an adjusted EPS of $0.73, a decrease of 25%. The company is reaffirming its overall Fiscal 2024 outlook for Adjusted Revenue, Adjusted EBITDA, and Adjusted EPS.
- Wiley is intensifying its focus on the core of Research & Learning by reorganizing into one market-facing team to drive scale and efficiency.
- The company is divesting non-core assets, including the announced sale of the University Services business for up to $150 million and a 10% share in the acquiring company.
- Restructuring actions have been executed to yield $65 million of run-rate savings, with approximately $30 million expected to be realized in the current fiscal year.
- Wiley expects year-over-year revenue improvement in the second half of the year and anticipates exiting the year with a stronger margin profile.
Headline financials
Revenue & EPS history
Wiley · Revenue · Quarterly
$493M
Revenue by segment
Wiley · $407M total across 2 segments · Q2 2024
- Research$258M-4.9%63.4%
- Learning$149M-2.4%36.6%
Forward guidance
Wiley is reaffirming its overall Fiscal 2024 outlook for Adjusted Revenue, Adjusted EBITDA, and Adjusted EPS. The company now expects Research growth excluding Hindawi of 2%, down from 3% originally.
Tailwinds
- Reaffirming Adjusted Revenue outlook for Fiscal Year 2024.
- Reaffirming Adjusted EBITDA outlook for Fiscal Year 2024.
- Reaffirming Adjusted EPS outlook for Fiscal Year 2024.
- Company expects Research growth excluding Hindawi of 2%.
- Anticipates exiting the year with a stronger margin profile.
Headwinds
- Research moderately below expectations.
- Lower adjusted operating income.
- Higher interest expense.
- Uncertainty around the timing of divestitures.
- Uncertainty around the size and scope of restructuring payments.
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 2024
-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
| Quarter | Report date | Reaction (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% | |
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