Wiley Reports Fourth Quarter and Fiscal Year 2022 Results
Fourth Quarter Summar: *GAAP Results: Revenue of $546 million (+2%), Operating Income of $58 million (+14%), and EPS of $0.76 (+4%). Full Year Summary: *GAAP Results: Revenue of $2,083 million (+7%), Operating Income of $219 million (+18%), EPS of $2.62 (-0.4%), and Cash Provided by Operating Activities of $339 million (-6%) *Free Cash Flow of$223 million, down 13% due to one-time items in prior year *Digital Products and Tech-Enabled Services: 83% of total revenue *Recurring Revenue: 58% of total revenue