SCHOLASTIC CORP

For the period ended Feb 29, 2024. Filed Mar 22, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Feb 29, 2024 · Filed Mar 22, 2024

SCHL$36.56-1.7%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Condensed Consolidated Statements of Operations (Unaudited)

SCHOLASTIC CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED(Dollar amounts in millions, except per share data)

	Three months ended		Nine months ended
	February 29,	February 28,	February 29,	February 28,
	2024	2023	2024	2023
Revenues	$323.7	$324.9	$1,114.8	$1,175.7
Operating costs and expenses:
Cost of goods sold	148.7	161.1	512.8	566.0
Selling, general and administrative expenses	194.8	178.0	592.1	554.4
Depreciation and amortization	14.6	13.5	42.1	41.0
Asset impairments and write downs	0.5	—	0.5	—
Total operating costs and expenses	358.6	352.6	1,147.5	1,161.4
Operating income (loss)	(34.9)	(27.7)	(32.7)	14.3
Interest income (expense), net	0.6	1.4	2.4	2.3
Other components of net periodic benefit (cost)	(0.3)	0.1	(0.8)	0.2
Earnings (loss) before income taxes	(34.6)	(26.2)	(31.1)	16.8
Provision (benefit) for income taxes	(8.1)	(6.9)	(7.3)	6.1
Net income (loss)	(26.5)	(19.3)	(23.8)	10.7
Less: Net income (loss) attributable to noncontrolling interest	—	(0.1)	—	0.1
Net income (loss) attributable to Scholastic Corporation	$(26.5)	$(19.2)	$(23.8)	$10.6
Basic and diluted earnings (loss) per share of Class A and Common Stock
Basic	$(0.91)	$(0.57)	$(0.80)	$0.31
Diluted	$(0.91)	$(0.57)	$(0.80)	$0.30

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.