Scholastic Reports Fiscal 2015 Second Quarter Results

New York - December 18, 2014 - Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported financial results for the Company's fiscal 2015 second quarter ended November 30, 2014.

Revenue in the second quarter was $665.6 million, compared to $623.2 million a year ago, an increase of 7%. The Company reported second quarter earnings per diluted share of $2.05, versus $1.80 in the prior year period. Results for the second quarter of the current fiscal year include one-time expenses of $0.12 per diluted share, which are detailed below. The prior year period included one-time expenses of $0.35 per diluted share. Excluding one-time items, second quarter earnings per diluted share were $2.17 versus $2.15 in the prior year period.