Wiley Reports Fourth Quarter and Fiscal Year 2022 Results

FOURTH QUARTER SUMMARY
*GAAP Results: Revenue of $546 million (+2%), Operating Income of $58 million (+14%), and EPS of $0.76 (+4%)
*Adjusted Results (at constant currency): Revenue of $546 million (+4%), Adjusted EBITDA of $111 million (flat), and Adjusted EPS of $1.08 (-6%)

FULL YEAR SUMMARY
*Guidance: In line for Revenue, Adjusted EBITDA and Adjusted EPS. Exceeded for Free Cash Flow
*GAAP Results: Revenue of $2,083 million (+7%), Operating Income of $219 million (+18%), EPS of $2.62 (-0.4%), and Cash Provided by Operating Activities of $339 million (-6%)
*Adjusted Results (at constant currency): Revenue of $2,083 million (+7%), Adjusted EBITDA of $433 million (+3%), and Adjusted EPS of $4.16 (+1%)
*Free Cash Flow of$223 million, down 13% due to one-time items in prior year
*Digital Products and Tech-Enabled Services: 83% of total revenue
*Recurring Revenue: 58% of total revenue

“Wiley delivered another solid year in Fiscal 2022 as we materially accelerated organic growth, delivered on our financial targets, and surpassed $2 billion in revenue for the first time,” said Brian Napack, President and CEO. “Our consistent strategy to lead in open scientific research and career-connected education, our strong cash flow, and our dedication to operational excellence position us well for the future.”
details at: https://newsroom.wiley.com/press-releases/press-release-details/2022/Wiley-Reports-Fourth-Quarter-and-Fiscal-Year-2022-Results/default.aspx

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