Q1 2025 John Wiley & Sons Inc Earnings Call Transcript
Key Points
- Strong recovery and growth in research driven by favorable demand trends and execution.
- Learning segment benefited from a second GenAI content rights project and delivered courseware growth.
- Executed full value creation plan ahead of schedule, including a $130 million cost savings program.
- Raised dividend for the 31st consecutive year and increased share repurchases.
- Significant increase in colleague engagement and satisfaction scores, indicating a positive work culture.
- GAAP revenue decline impacted by foregone revenue from sold businesses.
- GAAP EPS loss primarily due to a GAAP income tax adjustment related to a divestiture.
- Continued soft market conditions for recruiting in the research solutions segment.
- Professional publishing and assessment in the learning segment experienced softness.
- Higher tech expenses related to enterprise modernization investments and inflation-driven cost increases.
Good morning, and welcome to Wiley's Q1 fiscal 2025 earnings call. As a reminder, this conference is being recorded.
At this time, I'd like to introduce Wiley's Vice President of Investor Relations, Brian Campbell. Please go ahead.
Thank you, and hello, everyone. I'm with Matt Kissner, Wiley's President and CEO; Christina Van Tassell, Executive Vice President and CFO; and Jay Flynn, Executive Vice President, General Manager of Research and Learning.
Note that our comments and responses reflect management's views as of today and will include forward-looking statements. Actual results may differ materially from those statements. The company does not undertake any obligation to update them to reflect subsequent events or circumstances.
Also, Wiley provides non-GAAP measures as a supplement to evaluate underlying operating profitability and performance trends. These measures do not have standardized meanings prescribed by US GAAP and therefore may
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