Overview
- Fiscal Q2 revenue rose 1% to $551.1 million as operating income increased 11% to $82.9 million, with diluted EPS of $2.17.
- Children’s publishing led results: Book Fairs revenue climbed 5% to $242.0 million and Trade rose 7% to $110.4 million, aided by a new Dog Man title.
- Scholastic completed sale-leasebacks generating $481 million in gross proceeds and about $401 million in estimated net cash.
- The Board authorized a $150 million open-market share repurchase to begin deploying the new liquidity.
- The company affirmed fiscal 2026 outlook for adjusted EBITDA of $146–$156 million, reflecting a $14 million partial-year lease impact, and expects free cash flow to exceed $430 million while Education and Entertainment remain pressured.