NYSE$WLY
John Wiley & Sons Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Wiley reported mixed results with revenue declining but operating income and EPS increasing. Strategic actions were announced to focus on core businesses and maximize value creation.
Wiley reported a decrease in revenue but an increase in operating income and EPS for the fourth quarter of fiscal year 2023. The company announced strategic actions to focus on its strongest businesses and drive greater profitability.
- Revenue decreased by 4% to $526 million, but was down 2% at constant currency.
- Operating income increased by 41% to $82 million.
- EPS increased by $0.46 to $1.22.
- Adjusted EBITDA increased by 23% to $137 million at constant currency.
Headline financials
Revenue & EPS history
Wiley · Revenue · Quarterly
$526M
Revenue by segment
Wiley · $280M total across 1 segment · Q4 2023
- Research$280M-6.1%100.0%
Forward guidance
Wiley's Fiscal 2024 outlook excludes businesses held for sale. Adjusted Revenue is expected to be primarily impacted by the Hindawi special issues publishing pause and continued softness in consumer and corporate spending. Adjusted EBITDA is expected to be primarily impacted by projected revenue performance, notably Hindawi, and higher employee costs. Adjusted EPS is further impacted by $0.42 of non-operational items including a higher tax rate, pension expense, and interest expense.
Tailwinds
- Focus on core Research and Learning businesses.
- Portfolio actions to divest non-core education businesses.
- Streamlining organization and rightsizing cost structure.
- Material performance and margin improvement expected in Fiscal 2025 and Fiscal 2026.
- Company expects material performance and margin improvement in Fiscal 2025 and Fiscal 2026 from portfolio and restructuring actions.
Headwinds
- Hindawi special issues publishing pause.
- Continued softness in consumer and corporate spending.
- Higher employee costs from incentive compensation reset and wage inflation.
- Higher tax rate due to a less favorable mix of earnings by country and an increase in the UK statutory rate.
- Uncertainty around the timing of divestitures and 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 Q4 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
| 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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