Press Release: Scholastic Reports Q4 and Fiscal 2014 Results and Fiscal 2015 Outlook
Fourth Quarter 2014 Results
Scholastic reported fourth quarter 2014 revenues of $549.3 million, an increase of $42.4 million, or 8%, compared to $506.9 million in the fourth quarter of 2013, resulting from higher sales in four of the Company's five operating segments. Revenues of the Company's international business were impacted by unfavorable foreign exchange of $5.6 million in the quarter. Operating income in the fourth quarter increased 21% to $48.6 million, compared to $40.3 million a year ago, with increased profitability in Children's Book Publishing and Distribution, Educational Technology and Services, and Classroom and Supplemental Materials Publishing. Consolidated earnings were $0.85 per diluted share, compared to $0.66 per diluted share in the fourth quarter of 2013, an increase of 29%.
- Companies:
- Scholastic Inc.
- Places:
- New York City
- U.S.