Wiley Hosts Investor Update
25 Enero 2024 - 6:30AM
Business Wire
Global leader in research and learning to
discuss FY24-26 value creation plan to drive material performance
and profit improvement
Wiley (NYSE: WLY and WLYB), one of the world’s largest
publishers and a global leader in research and learning, will host
its Investor Update today at 10 am E.T. to discuss the company’s
business and financial outlook.
Today's virtual event will feature presentations by key members
of the executive management team and focus on Wiley's execution on
the following priorities:
- Wiley's recent reorganization around its Research &
Learning core to better leverage its competitive advantage, drive
scale, and improve operating and capital efficiency.
- The implementation of a 'focus and optimize' strategy to
deliver healthy revenue growth and material margin improvement in
Fiscal Years 2025 and 2026. Wiley will share its medium-term
targets for revenue growth, Adjusted EBITDA margins, and Free Cash
Flow.
“We continue to execute well on our value creation plan to make
Wiley a stronger and more profitable company, giving us confidence
in our ability to meet our medium-term targets and deliver
sustained long-term success,” said Matthew Kissner, Wiley’s interim
president and CEO. “Our renewed focus on our core presents exciting
opportunities to grow by leveraging our must-have content and
solutions for high-demand areas of the knowledge economy.”
Virtual Event The live video webcast and playback will be
available at Investor Update Webcast. Presentation slides will be
available on Wiley’s Investor Relations website at
investors.wiley.com.
About Wiley Wiley is one of the world’s largest
publishers and a global leader in research and learning. Dedicated
to the creation and application of knowledge, Wiley serves the
world’s researchers, learners, innovators, and leaders, helping
them achieve their goals and solve the world's most important
challenges. For more than two centuries, Wiley has been delivering
on its timeless mission to unlock human potential. Visit us at
Wiley.com. Follow us on Facebook, Twitter, LinkedIn and
Instagram.
Safe Harbor Statement
This presentation contains certain forward-looking statements
concerning the Company's operations, performance, and financial
condition. Reliance should not be placed on forward-looking
statements, as actual results may differ materially from those in
any forward-looking statements. Any such forward-looking statements
are based upon many assumptions and estimates that are inherently
subject to uncertainties and contingencies, many of which are
beyond the control of the Company and are subject to change based
on many important factors. Such factors include, but are not
limited to: (i) the level of investment in new technologies and
products; (ii) subscriber renewal rates for the Company's journals;
(iii) the financial stability and liquidity of journal subscription
agents; (iv) the consolidation of book wholesalers and retail
accounts; (v) the market position and financial stability of key
retailers; (vi) the seasonal nature of the Company’s Learning
business and the impact of the used book market; (vii) worldwide
economic and political conditions; (viii) the Company's ability to
protect its copyrights and other intellectual property worldwide
(ix) the ability of the Company to successfully integrate acquired
operations and realize expected opportunities; (x) the Company’s
ability to realize operating savings over time and in fiscal year
2024 in connection with our multi-year Global Restructuring
Program; (xi) the possibility that the divestitures will not be
pursued, failure to obtain necessary regulatory approvals or
required financing or to satisfy any of the other conditions to
planned dispositions; and (xii) other factors detailed from time to
time in the Company's filings with the Securities and Exchange
Commission. The Company undertakes no obligation to update or
revise any such forward-looking statements to reflect subsequent
events or circumstances.
Non-GAAP Measures
In this presentation, management may provide the following
non-GAAP performance measures:
- Adjusted Revenue
- Adjusted Earnings Per Share (“Adjusted EPS”);
- Free Cash Flow less Product Development Spending;
- Adjusted Contribution to Profit (“Adjusted CTP”) and
margin;
- Adjusted EBITDA and margin;
- Organic revenue; and
- Results on a constant currency (“CC”) basis.
Management believes non-GAAP financial measures, which exclude
our held for sale or sold businesses, impairment charges, and the
impact of restructuring charges and credits and other items,
provide supplementary information to support analyzing operating
results and earnings and are commonly used by shareholders to
measure our performance. Free Cash Flow less Product Development
Spending helps assess our ability over the long term to create
value for our shareholders. Results on a constant currency basis
removes distortion from the effects of foreign currency movements
to provide better comparability of our business trends from period
to period applying the same foreign currency exchange rates for the
current and equivalent prior period. We have not provided our
2024-2026 outlook for the most directly comparable U.S. GAAP
financial measures, as they are not available without unreasonable
effort due to the high variability, complexity, and low visibility
with respect to certain items, including restructuring charges and
credits, gains and losses on foreign currency, and other gains and
losses. These items are uncertain, depend on various factors, and
could be material to our consolidated results computed in
accordance with U.S. GAAP. Please refer to our Annual Report on
Form 10-K for the fiscal year ended April 30, 2023 and our 8-K
filed on September 1, 2023 for our Revised Segment Results for our
Non-GAAP reconciliations to US GAAP results.
Category: All Corporate News
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version on businesswire.com: https://www.businesswire.com/news/home/20240125088543/en/
Investors: Brian Campbell brian.campbell@wiley.com
201.748.6874
John Wiley and Sons (NYSE:WLY)
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John Wiley and Sons (NYSE:WLY)
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