NYSE$WLY

John Wiley & Sons Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Wiley's Q3 2021 earnings were released, revealing a mix of growth and challenges across its segments.

Wiley's Q3 2021 results showed a 3% increase in revenue to $483 million. GAAP EPS decreased by -$0.24 to $0.39, impacted by restructuring charges. The company raised its full-year outlook for revenue, adjusted EBITDA, adjusted EPS, and free cash flow.

  • Revenue increased by 3% to $483 million.
  • GAAP EPS decreased by -$0.24 to $0.39 due to restructuring charges.
  • Adjusted EPS remained flat at $0.68.
  • Full year outlook was raised for revenue, adjusted EBITDA, adjusted EPS, and free cash flow.

Headline financials

Total Revenue

$483M

Previous: $467M+3.4%
EPS (adj)

$0.68

Previous: $0.68+0.0%
Adjusted EBITDA Margin

21.6%

Previous: 20.0%+8.0%
Capital Expenditures

-$58.2M

Previous: -$65.9M+11.8%
Free Cash Flow

$96.7M

Previous: $23M+320.9%
Net Income

$22.2M

Previous: $35.4M-37.5%
Operating Income

$34.3M

Previous: $48.5M-29.2%
Gross Profit

$325M

Previous: $313M+3.9%
Cash & Equivalents

$91.3M

Previous: $117M-22.2%
Total Assets

$3.43B

Previous: $3.32B+3.1%
Stock-Based Comp

$5.68M

Previous: $5.37M+5.7%

Revenue & EPS history

Wiley · Revenue · Quarterly

$483M

Q3 2021+3.4%vs Q3 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 raised its full year outlook for Revenue, Adjusted EBITDA, Adjusted EPS, and Free Cash Flow, incorporating the impact of the Hindawi acquisition and current foreign exchange rates.

Tailwinds

  • Low-single digit revenue growth overall.
  • Low-single digit growth in Research.
  • Mid-single digit decline in Academic & Professional Learning.
  • Double-digit growth in Education Services.
  • Mid-to-high single digit organic growth in Education Services.

Headwinds

  • Projected fourth quarter impact of the Hindawi acquisition (Revenue +$10M, Adjusted EBITDA neutral, and Adjusted EPS -$0.15).
  • Mid-single digit decline in Academic & Professional Learning.
  • Restructuring charges of $0.28 per share primarily related to a previously disclosed reduction in Wiley’s real estate footprint.
  • Hindawi acquisition was dilutive to EPS by approximately $0.12 per share.
  • Adjusted Corporate Expenses rose 19% to $44 million mainly due to higher employment-related expenses.

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 Q3 2021

Historical avgQ3 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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