USPS Service Performance Holds Steady at 2.5 Days

Key highlights include: *Carbon Net-Zero by 2040: In FY24, Wiley’s net-zero strategy, based on targets validated by the Science-Based Targets initiative (SBTi), made solid progress through real estate optimization, energy efficiency upgrades, and supply chain engagement. *UN SDG Impact with Nearly 60,000 Published Articles: In 2023, Wiley published close to 60,000 articles aligned with the United Nations Sustainable Development Goals (SDGs), amplifying its impact on global challenges like quality education, reduced inequalities, and climate action. *Employee Engagement in ESG Initiatives: Wiley employees have contributed to ESG activities, with robust support from the company’s Employee Resource Groups (ERGs) and ESG working groups. *Leadership in Open Access: Authors continue to choose to publish their work in Wiley’s wide array of open access publishing options, ensuring broader exposure to scientific knowledge and supporting the company’s vision to share knowledge widely and inclusively. *Integrity in Publishing with AI Tools: The organization continues to embrace advancements in publishing technology by incorporating AI-driven tools to enhance research integrity.

July 1 is National Postal Worker Day and National U.S. Postage Stamp Day. This special day recognizes the men and women who deliver our mail, rain or shine, and the many unsung heroes who also play an important role in mail delivery, like the workers who process the mail, drive the trucks, and fly the planes. It also celebrates the ease and simplicity with which we can send and receive mail thanks to the humble postage stamp and the United States Postal Service (USPS). For nearly 250 years, the USPS has kept pace with evolving technology and expanded its services to include package delivery and retail sales. That agility has kept the organization relevant and capable of adapting to the fluctuating needs and culture of the country.

Operating revenues were $854.2 million, including approximately $49.1 million from the 53rd week, compared to $867.0 million in the prior year quarter. Favorable changes in foreign currency exchange rates benefited revenues by $4.2 million. Same store operating revenues declined 8.8%, an improvement compared to a decline of 9.4% in the third quarter of 2017, due to our strategic subscriber pricing initiatives and the inclusion of a full quarter of ReachLocal revenue in our same store calculation. Total digital revenues increased to $272.3 million, or approximately 31.9% of total revenue. GAAP net losses were $13.6 million, including a $42.8 million tax expense from the Tax Cuts and Jobs Act of 2017 and $27.6 million of after-tax restructuring, asset impairment charges and other costs. Click Read More below for additional information.