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Scholastic: Fiscal Q3 Earnings Snapshot
Scholastic's fiscal Q3 showed mixed revenue trends with a 2% rise in Book Fairs and a 10% drop in Trade publishing; the $300M buyback aims to return capital after a $400M sale-leaseback.
- On Thursday, March 19, 2026, Scholastic Corporation reported third-quarter earnings of $62.5 million and announced a $300 million share repurchase program, including a $200 million modified Dutch auction tender offer priced at $36 to $40 per share.
- Generating over $400 million in net proceeds from completed sale-leaseback transactions, Scholastic has already returned approximately $147 million to shareholders through open-market repurchases since December.
- Consolidated revenue declined to $329.1 million from $335.4 million due to publishing timing, while Book Fairs revenue rose 2% to $113.3 million and Entertainment segment revenues surged 25% to $16.0 million.
- President and Chief Executive Officer Peter Warwick reaffirmed fiscal 2026 adjusted EBITDA guidance of $146 million to $156 million, with full-year revenue expected to remain approximately flat versus the prior year.
- The tender offer will commence on Monday, March 23, 2026, and remain open until Monday, April 20, 2026, reflecting the company's disciplined approach to balance sheet management and long-term shareholder value creation.
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33 Articles
Coverage Details
Total News Sources33
Leaning Left4Leaning Right4Center16Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 16%
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