Press Release: Scholastic Reports Q4 and Fiscal 2014 Results and Fiscal 2015 Outlook
Fiscal Year 2014 Results
Total revenues in 2014 were $1.82 billion, an increase of 2% from $1.79 billion in 2013, reflecting higher engagement levels in our school-based book clubs, buoyed by more popular titles and incentives and revamped marketing tools, the successful introduction of new educational technology products, higher circulation in classroom magazines, and strong demand for the Company's summer reading programs, partially offset by unfavorable foreign currency translation of $24.2 million. Operating income for the full year 2014 was $63.1 million, down 7% from $67.9 million in 2013. Consolidated earnings per diluted share were $1.36 for the fiscal year, compared to $0.95 in the prior year, which include one-time charges of $0.48 and $0.27 per diluted share, respectively.
- Companies:
- Scholastic Inc.
- Places:
- New York City
- U.S.