Wiley Reports Third Quarter Fiscal 2022 Results

THIRD QUARTER SUMMARY
GAAP Results: Revenue of $516 million (+7%), Operating Income of $46 million (+34%), and EPS of $0.63 (+62%)
Adjusted Results (at constant currency): Revenue of $516 million (+7%), Adjusted EBITDA of $100 million (-5%), and Adjusted EPS of $0.95 (-9%)

NINE MONTHS SUMMARY
GAAP Results: Revenue of $1,537 million (+9%), Operating Income of $161 million (+20%), EPS of $1.86 (-2%), Cash Provided by Operating Activities of $158 million (+2%)
Adjusted Results (at constant currency): Revenue of $1,537 million (+8%), Adjusted EBITDA of $322 million (+4%), Adjusted EPS of $3.09 (+4%), Free Cash Flow of $77 million (-3%)

MANAGEMENT COMMENTARY
“Wiley’s strategy to meet the world’s acute need for scientific research and career-connected education is allowing us to drive solid year-to-date performance and significant social impact,” said Brian Napack, President and CEO. “We continue to benefit from strong competitive advantages, robust cash generation, and favorable long-term growth trends that benefit from the steadily rising demand to publish peer-reviewed research, the continued migration to digital, career-focused learning, and the need for employers to fill critical skill and talent gaps.”
details at: https://newsroom.wiley.com/press-releases/press-release-details/2022/Wiley-Reports-Third-Quarter-Fiscal-2022-Results/default.aspx