John Wiley & Sons, Inc. Reports First Quarter 2018 Results

HOBOKEN, N.J.--(BUSINESS WIRE)--John Wiley & Sons, Inc. (NYSE:JWA)(NYSE:JWB), a global research and learning company, today announced results for the first quarter ending July 31, 2017.

HIGHLIGHTS

  • Revenue increased 2% to $411 million; +1% at constant currency
  • Adjusted EPS increased 9% to $0.59 per share; -5% at constant currency
  • Operational excellence initiatives resulted in $29 million of restructuring and related charges, expected to yield $45 million in gross run-rate savings beginning in fiscal 2019
  • Free Cash Flow less Product Development spending improved by $48 million
  • Quarterly dividend increased for 24th consecutive year to $0.32 per share

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