Scholastic Corporation reported strong performance in the second quarter of fiscal 2026 with double-digit earnings growth driven by best-selling global publishing.
The company successfully executed key strategic and financial initiatives, with Book Fairs and Trade publishing leading the way.
Scholastic's transformation efforts have unlocked over $400 million in net proceeds, enabling initiatives like an expanded share repurchase authorization.
Double-Digit Earnings Growth
Earnings per share increased by 27% in the second quarter, showcasing significant financial progress.
Strategic Initiatives Success
The success of Book Fairs and Trade publishing demonstrates the effectiveness of Scholastic's strategic initiatives.
Capital Allocation Priorities
The Company's board has authorized a $150 million expanded share repurchase program, showcasing a commitment to returning cash to shareholders.
- Scholastic's revenue increased by 1% to $551.1 million in the second quarter, highlighting continued growth and market presence.
- Adjusted EBITDA rose by 13% to $122.5 million, reflecting the company's strong financial performance and operational efficiency.
Scholastic Corporation's fiscal second quarter results demonstrate resilience, growth, and strategic vision. The company's focus on children's publishing and media continues to drive value for shareholders and deliver impactful content.