Scholastic Corporation
- Scholastic Corp. plunged 12% to $23.39 after the education publishing company reported an increase in net loss for the first quarter ended August 31.
Consolidated revenue declined to $225.6 million from $237.2 million, net loss widened to $71.1 million from $62.5 million, and diluted loss per share increased to $2.83 from $2.21 a year ago.
The company paid $5.2 million in dividends and plans to continue share repurchases as market conditions allow, with $70.0 million remaining under its current board-approved repurchase authorization.
Net debt rose to $242.8 million from $152.1 million in the prior year, primarily due to working capital needs, dividends, and share repurchases.
Sep 19, 2025
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