SCHOLASTIC (SCHL) Company Report

Scholastic reported Q2 2026 revenues of $551.1 million, a 1% increase, with Adjusted EBITDA growing to $122.5 million and adjusted earnings per diluted share reaching $2.57.
The company completed two sale-leaseback transactions, generating over $400 million in net proceeds, and subsequently increased its open market share repurchase authorization to $150 million.
For Fiscal Year 2026, Scholastic updated its guidance, projecting Adjusted EBITDA of $146.0-$156.0 million and Free Cash Flow to exceed $430 million, reflecting the impact of the sale-leaseback transactions.
Since Fiscal 2022, Scholastic has returned nearly $500 million to shareholders through share repurchases and dividends, reducing its share count by approximately 25%.

6 days ago

Transcript

Scholastic Reports Strong Q2 2026 Results and Affirms Full-Year Guidance

SCHL

Earnings

Guidance Update

Share Buyback

Scholastic reported Q2 2026 Adjusted EBITDA of $122.5 million, a 13% increase from the prior year, with revenues growing 1% to $551.1 million and diluted EPS increasing 27% to $2.17.
The company closed accretive sale-leaseback transactions, unlocking over $400 million in net proceeds, contributing to nearly $500 million returned to shareholders and a ~25% reduction in share count since Fiscal 2022.
Scholastic affirmed its full-year Fiscal 2026 Adjusted EBITDA guidance of $146 million to $156 million and expects free cash flow to exceed $430 million, with revenue projected to be level with or slightly above the prior year.

6 days ago

Presentation

Scholastic Reports Strong Q2 FY26 Results and Updates Guidance Following Real Estate Sale-Leasebacks

SCHL

Earnings

Guidance Update

Share Buyback

Scholastic reported strong Q2 FY26 financial results, with revenues increasing 1% to $551.1 million, Adjusted EBITDA of $122.5 million, and adjusted earnings per share of $2.57.
The company completed two sale-leaseback transactions, generating over $400 million in net proceeds.
Following the sale-leasebacks, Scholastic's board increased its open market share repurchase authorization to $150 million, emphasizing that returning incremental cash to shareholders is a top priority.
Fiscal Year 2026 guidance was updated, with Adjusted EBITDA now projected at $146 million-$156 million and Free Cash Flow expected to exceed $430 million, reflecting the real estate proceeds.
The Children's Book Publishing and Distribution segment saw revenues increase 4% to $380.9 million, driven by strong Book Fairs and Trade Publishing, while the Scholastic Education segment experienced a revenue decline to $62.2 million due to a challenging funding environment.

6 days ago

Transcript

Scholastic Reports Strong Q2 2026 Results, Announces Over $400 Million in Sale-Leaseback Proceeds and Increased Share Repurchase Authorization

SCHL

Earnings

Guidance Update

Share Buyback

Scholastic reported Q2 2026 revenues of $551.1 million, a 1% increase, and Adjusted EBITDA of $122.5 million, representing 13% growth year-over-year.
The company completed two sale-leaseback transactions, generating over $400 million in net proceeds, and subsequently increased its open market share repurchase authorization to $150 million.
For Fiscal Year 2026, Scholastic affirmed its Adjusted EBITDA outlook, now projected between $146.0 million and $156.0 million, and updated its Free Cash Flow outlook to exceed $430 million due to the sale-leaseback proceeds.
The Children's Book Publishing and Distribution segment saw revenues increase 4% to $380.9 million, driven by strong Book Fairs and global franchises, while the Education segment faced lower sales but anticipates moderation in the second half of the fiscal year.

6 days ago

Transcript

Scholastic Completes Sale-Leaseback Transactions, Generating $401 Million in Net Proceeds

SCHL

Share Buyback

Scholastic Corporation completed sale-leaseback transactions for its New York City headquarters and Jefferson City distribution center on December 17, 2025.
The transactions generated $481 million in total proceeds, resulting in estimated $401 million in net proceeds after taxes, fees, and other expenses.
The company plans to use these net proceeds for capital allocation priorities, including share repurchases, to drive long-term growth and enhance shareholder value.
As part of the agreements, Scholastic entered into lease agreements for both properties, including a 15-year initial term for the New York City headquarters and a 20-year initial term for the Jefferson City facility.

6 days ago

8-K

Scholastic Reports Strong Q2 2026 Results and Expanded Share Repurchase Program

SCHL

Earnings

Share Buyback

Guidance Update

Scholastic Corporation (SCHL) reported strong fiscal Q2 2026 results, with revenues increasing 1% to $551.1 million and diluted earnings per share rising 27% to $2.17 compared to the prior year.
The company successfully completed sale-leaseback transactions, generating $401 million in estimated net proceeds.
As an initial step to deploy these proceeds, the Board authorized an expanded $150 million share repurchase authorization, representing an $80 million increase.
Scholastic affirmed its fiscal 2026 outlook, forecasting full-year Adjusted EBITDA of $146 million to $156 million and free cash flow to exceed $430 million.

6 days ago

8-K

Scholastic Reports Strong Fiscal Second Quarter 2026 Results and Expanded Share Repurchase

SCHL

Earnings

Share Buyback

Guidance Update

Scholastic reported strong financial performance for the fiscal second quarter ended November 30, 2025, with revenues increasing 1% to $551.1 million, operating income up 11% to $82.9 million, and diluted earnings per share rising 27% to $2.17.
The company's Board authorized an expanded $150 million share repurchase authorization, marking an initial step to deploy over $400 million in net proceeds from successful sale-leaseback transactions.
Scholastic affirmed its fiscal 2026 outlook, expecting full-year Adjusted EBITDA between $146 million and $156 million and free cash flow to exceed $430 million, reflecting proceeds from the sale of real estate assets.

6 days ago

Press Release

Scholastic Closes Sale-Leaseback Transactions

SCHL

Share Buyback

Scholastic Corporation (SCHL) has successfully completed previously announced sale-leaseback transactions for its New York City headquarters and its Jefferson City, Missouri distribution facility.
The transactions generated $481 million in total proceeds, with an estimated $401 million in net proceeds after taxes, fees, and other transaction-related expenses.
The net proceeds will be utilized according to the company's capital allocation priorities, which include share repurchases.
These transactions are expected to unlock value from non-operating assets, generate significant liquidity, reduce the company's operating footprint, and enhance its ability to deploy capital for shareholder returns and long-term value creation.

6 days ago

Press Release

Scholastic Announces Two Sale-Leaseback Transactions

SCHL

M&A

New Projects/Investments

Scholastic 557 Broadway, L.L.C. entered into a SoHo Sale-Leaseback Transaction to sell its property at 555-557 Broadway, New York, New York, to ESRT 555-557 Broadway, L.L.C. for $386,000,000. The closing is scheduled for December 16, 2025, with a one-time right to adjourn to December 18, 2025.
As part of the SoHo transaction, Scholastic will lease back floors six through twelve of the SoHo Building for an initial term of fifteen (15) years, with a total Fixed Rent of $333,059,306.47 in the aggregate for the initial lease term.
Scholastic also entered into a Jefferson City Sale-Leaseback Transaction to sell properties in Jefferson City, Missouri, to FNLR Fortuna Major LLC for $94,970,000. The closing is scheduled on or before December 31, 2025.
Scholastic will lease back the Jefferson City Property for an initial term of twenty (20) years, with an initial annual base rent of approximately $6,886,000, subject to annual CPI adjustments with a 4% cap and 1% collar.

Dec 5, 2025, 9:02 PM

8-K

Scholastic Announces Sale-Leaseback Transactions for Real Estate Assets

SCHL

Share Buyback

New Projects/Investments

Scholastic Corporation has entered into sale-leaseback transactions for its New York City headquarters and Jefferson City, Missouri distribution center, which are expected to generate $401 million in estimated net proceeds.
The New York City headquarters is being sold for $386 million in gross proceeds, yielding $327 million net, while the Jefferson City facility is being sold for $95 million in gross proceeds, yielding $74 million net.
Scholastic plans to deploy the proceeds towards capital allocation priorities, including debt reduction and share repurchases.
The company will continue operations at both locations under long-term leases, with both transactions expected to close before the end of 2025.