JOHN WILEY & SONS, INC. 8K

Wiley reported a modest revenue decline and GAAP net loss for fiscal 2027 Q1 driven by restructuring and Emerald acquisition costs, while Research and AI activities grew, leverage increased with the Emerald purchase, and the company reaffirmed its full-year 2027 outlook and continued returning cash to shareholders.

John Wiley & Sons, Inc. (Wiley) reported fiscal 2027 first quarter results for the period ended July 31, 2026, with revenue down 3% year over year to $386 million and GAAP diluted EPS turning to a loss of $(0.23) from $0.22, primarily due to restructuring charges and acquisition/integration costs related to the June 1, 2026 acquisition of Emerald Publishing. On an adjusted, constant-currency basis, revenue was also down 3%, while adjusted operating income declined 9% to $31 million, adjusted EBITDA declined 4% to $68 million, and adjusted EPS fell 10% to $0.44, reflecting lower Learning segment revenue and higher interest expense from increased leverage. The Research segment grew revenue 4% (including Emerald’s contribution and strong Research Publishing and AI licensing), expanded adjusted EBITDA margin by 130 bps, and benefitted from $14 million of AI licensing revenue, while Learning revenue declined 19% with a sharp drop in adjusted EBITDA due to prior-year AI licensing comparisons and softer consumer and corporate demand. The Emerald acquisition, costing approximately $450 million in cash, increased Wiley’s journal portfolio to ~2,500 titles, lifted net debt to $1.185 billion and the net debt-to-EBITDA ratio to 2.7x, and is expected to add $78 million of fiscal 2027 revenue, be modestly accretive to adjusted EPS and near-term dilutive to free cash flow. Wiley reported improved corporate expense efficiency, continued its 33-year streak of dividend increases alongside $33 million of dividends and share repurchases in the quarter, and reaffirmed its fiscal 2027 outlook for organic revenue growth, higher adjusted EBITDA margin, adjusted EPS of $4.60–$5.05, and free cash flow of $205 million, supported by growth in Research and AI/data analytics initiatives and ongoing cost savings programs.

Filing Facts

CIK

107140

Ticker

-

Form

8K

Source Type

sec

Accession

0001628280-26-060252

Alert Tier

7