SCHOLASTIC CORP

For the period ended May 31, 2024. Filed Jul 19, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Jul 19, 2024

SCHL$37.18-0.1%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

	(Amounts in millions, except per share data)For fiscal years ended May 31,
	2024	2023	2022
Revenues	$1,589.7	$1,704.0	$1,642.9
Operating costs and expenses
Cost of goods sold	705.1	786.4	765.5
Selling, general and administrative expenses	803.0	756.6	722.8
Depreciation and amortization	57.1	54.7	56.8
Asset impairments and write downs	10.0	—	0.4
Total operating costs and expenses	1,575.2	1,597.7	1,545.5
Operating income (loss)	14.5	106.3	97.4
Interest income	4.6	7.2	0.5
Interest expense	(1.9)	(1.4)	(2.9)
Other components of net periodic benefit (cost)	(1.0)	0.3	0.1
Gain (Loss) on assets held for sale	—	—	(15.1)
Gain (loss) on sale of assets and other	—	—	9.7
Earnings (loss) before income taxes	16.2	112.4	89.7
Provision (benefit) for income taxes	4.1	25.9	8.7
Net income (loss)	$12.1	$86.5	$81.0
Less: Net income (loss) attributable to noncontrolling interest	—	0.2	0.1
Net income (loss) attributable to Scholastic Corporation	$12.1	$86.3	$80.9
Basic and diluted earnings (loss) per share of Class A and Common Stock
Basic:
Net Income (loss) attributable to Scholastic Corporation	$0.41	$2.56	$2.33
Diluted:
Net Income (loss) attributable to Scholastic Corporation	$0.40	$2.49	$2.27
Dividends declared per share of Class A and Common Stock	$0.80	$0.80	$0.60

ContentsView on SEC.gov

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