Responsive Education Solutions

Scholastic Reports Fiscal 2024 Second Quarter Results

Retrieved on:

Thursday, December 14, 2023

Hong Kong Book Fair, EBITDA, Ballad, Distribution, International, Scholastic Corporation, Responsive Education Solutions, Tenant, Blumhouse Productions, Table, Publishing, Growth, Lionsgate, Video game, Club, Book, Soho

NEW YORK, Dec. 14, 2023 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported financial results for the Company's fiscal second quarter ended November 30, 2023.

Key Points:

Operating income was $101.3 million in the quarter, an increase of $1.2 million from $100.1 million a year ago.
Adjusted EBITDA (a non-GAAP measure of operations explained in the accompanying tables) increased $1.7 million to $124.0 million.
In the fiscal second quarter, the Children's Book Publishing and Distribution segment's revenues decreased 6% to $392.8 million.
Improved results were primarily driven by Canada, which benefited from the reorganization of Book Clubs.

Scholastic Reports Fiscal 2024 First Quarter Results

Retrieved on:

Thursday, September 21, 2023

NEW YORK, Sept. 21, 2023 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported financial results for the Company's fiscal first quarter ended August 31, 2023. The Company typically generates an operating loss in the first quarter, when schools are not in session.

Key Points:

Adjusted EBITDA (a non-GAAP measure of operations explained in the accompanying tables) decreased $35.0 million to a loss of $70.6 million.
In the fiscal first quarter, the Children's Book Publishing and Distribution segment's revenues decreased 18% to $102.8 million.
Book Fairs revenues were $27.3 million, down 4% from the prior year period, primarily due to lower Scholastic Dollar redemptions.
We expect participation at our in-person book fairs to remain strong in fiscal 2024, with fair count on track to reach approximately 90% of pre-pandemic levels.

American College of Education Hires Higher Education Strategist, Bob Paxton, as VP of Education Solutions

Retrieved on:

Wednesday, September 6, 2023

Workforce, Paxton, Organization, Student, Education, Responsive Education Solutions, United Arab Emirates, ACE, Iowa Central Community College, Management

INDIANAPOLIS, Sept. 6, 2023 /PRNewswire/ -- With rising tuition costs and declining enrollment rates at universities nationwide, American College of Education® (ACE) is addressing the need for affordable, accessible education. Bob Paxton, a seasoned higher education strategist, has joined the ACE staff as the Vice President of Education Solutions to lead the charge in creating continuing education pathways for adult learners through partnerships.

Key Points:

INDIANAPOLIS, Sept. 6, 2023 /PRNewswire/ -- With rising tuition costs and declining enrollment rates at universities nationwide, American College of Education® ( ACE ) is addressing the need for affordable, accessible education.
Bob Paxton, a seasoned higher education strategist, has joined the ACE staff as the Vice President of Education Solutions to lead the charge in creating continuing education pathways for adult learners through partnerships.
Paxton recently served ACE as a strategic advisor through his company, Dynamic Higher Education Solutions, where he provided strategic direction for colleges throughout the U.S., Russia, the United Arab Emirates and Canada.
He also served in several leadership roles including a notable 13-year tenure as president of Iowa Central Community College.

Scholastic Announces Key Leadership Transitions

Retrieved on:

Wednesday, August 16, 2023

International, Education, Teaching, Acquisition, Reading, CFO, Access to information in Bangladesh, Responsive Education Solutions, Management, Scholastic

NEW YORK, Aug. 16, 2023 /PRNewswire/ -- Scholastic (NASDAQ: SCHL), the global children's publishing, education and media company, today announced key leadership transitions. Beth Polcari, previously President of International, has been named President of Education Solutions, effective immediately. Ms. Polcari succeeds Rose Else-Mitchell, who will leave to pursue other interests following a transition period. Separately, Ken Cleary will leave his current role as Chief Financial Officer upon appointment of a successor. He will transition to become Scholastic's next President of International. The Company has retained a nationally recognized search firm, which has begun the process of identifying and hiring a successor CFO.

Key Points:

President of International Beth Polcari Named President of Education Solutions, Succeeding Rose Else-Mitchell
Chief Financial Officer Ken Cleary to Transition to President of International, Upon Completion of Current Executive Search Process
NEW YORK, Aug. 16, 2023 /PRNewswire/ -- Scholastic (NASDAQ: SCHL), the global children's publishing, education and media company, today announced key leadership transitions.
"I am humbled and excited to lead the Education Solutions division at this important moment for children, educators and Scholastic," Ms. Polcari said.
Under his leadership as CFO, Scholastic has dramatically increased efficiencies across our operations.
We look forward to recruiting a growth-oriented CFO to partner with our leadership team to deliver on Scholastic's long-term strategy."

Ambassador Advances Its PinPoint Technology, Empowering Schools and Bookstores to Manage Digital Content Fulfillment While Ambassador Manages the Financial Backbone

Retrieved on:

Tuesday, August 15, 2023

School, Student, Equitable Access to Care and Health Act, RODA, Equitable, Digital, Responsive Education Solutions, Add-drop multiplexer, Online shopping, Book

MELVILLE, N.Y., Aug. 15, 2023 /PRNewswire/ -- Ambassador Education Solutions, which powers course materials programs for schools across the country, has enhanced its PinPoint technology, removing the complicated financial management burden of digital content programs from school and bookstore operations. Now all schools and bookstores, regardless of their preference to outsource course materials management or handle fulfillment internally, can leverage Ambassador's PinPoint technology for a clear and accurate picture of actual digital usage to ensure they only pay what they owe.

Key Points:

"While some schools and bookstores want to manage fulfillment themselves, the increasing number of adds/drops, configurations, returns, and opt-outs can make financial reconciliation feel overwhelming," says Steven M. Blicht, CEO.
Ambassador's PinPoint suite originated with Pub-PinPoint, which verifies all digital materials usage and fees for schools that outsource course materials operations to Ambassador.
PinPoint-Billing provides the financial infrastructure for schools and bookstores that manage digital materials themselves, including student choice, Inclusive Access or Equitable Access programs.
Because the PinPoint suite manages all varieties of digital and third-party course materials, it eliminates significant manual effort and creates automated efficiencies.

Scholastic Reports Fourth Quarter and Fiscal 2023 Results

Retrieved on:

Thursday, July 20, 2023

International, Table, Marketing, Responsive Education Solutions, Book, EBITDA, Publishing, Dog, Distribution, Growth, Book club, Retail, Music, Video game, Hong Kong Book Fair

NEW YORK, July 20, 2023 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported financial results for the Company's fiscal fourth quarter and full year ended May 31, 2023.

Key Points:

Operating Income increased 40% to $92.0 million in the quarter, while Adjusted EBITDA (a non-GAAP measure of operations explained in the accompanying tables) increased 30% to $115.0 million.
In the fiscal fourth quarter, the Children's Book Publishing and Distribution segment's revenues increased 5% to $291.0 million.
Book Fairs revenues increased 12% to $180.5 million on increased fair count, which ended the year at approximately 85% of pre-pandemic levels compared to 72% in the prior fiscal year.
Operating income increased 20% to $55.0 million, as the segment benefited from higher revenues and the timing of marketing costs.

PowerSchool Releases 2023 Education Focus Report Spotlighting Top EdTech Challenges, Priorities and How Educators are Innovating Toward the Possible

Retrieved on:

Monday, July 10, 2023

PowerSchool (NYSE: PWSC), the leading provider of cloud-based software for K-12 education in North America, has released its key findings from the 2023 Education Focus Report for the 2023-24 school year.

Key Points:

PowerSchool (NYSE: PWSC), the leading provider of cloud-based software for K-12 education in North America, has released its key findings from the 2023 Education Focus Report for the 2023-24 school year.
The 2023 Education Focus Report was shaped in partnership with 15 education leaders – representing technology, teaching and learning, data, talent, and more – who comprise PowerSchool’s Education Insights Advisors Group.
The report also includes PowerSchool’s top commitments and actions to help make education technology more personalized, simple, easy, and secure.
To learn more about what we’ve heard from educators and what the future holds, visit https://www.powerschool.com/edtech-focus-report-2023/ to download the full report.

Logitech Named "EdTech Company of the Year" in 2023 EdTech Breakthrough Awards Program

Retrieved on:

Thursday, June 8, 2023

Educational technology, Learning, Distance, Student, Accident, Education, Teaching, School, Adaptive learning, Responsive Education Solutions, Computer science and engineering, Tutoring, Nursing, Logitech

LOS ANGELES, June 8, 2023 /PRNewswire-PRWeb/ -- EdTech Breakthrough, a leading market intelligence organization that recognizes the top companies and solutions in the global educational technology market, today announced that it has selected Logitech as winner of the "Overall EdTech Company of the Year" award in the 5th annual EdTech Breakthrough Awards program.

Key Points:

LOS ANGELES, June 8, 2023 /PRNewswire-PRWeb/ -- EdTech Breakthrough , a leading market intelligence organization that recognizes the top companies and solutions in the global educational technology market, today announced that it has selected Logitech as winner of the "Overall EdTech Company of the Year" award in the 5th annual EdTech Breakthrough Awards program.
Logitech products are built to withstand the rigors of student life and to support both teacher and school IT needs.
Additionally, Logitech for Education products include packaging that makes it easy to deploy and store when not in use.
We extend our sincerest of congratulations to the Logitech team on taking home the marquee 2023 EdTech Breakthrough Award win."

Scholastic Reports Fiscal 2023 Third Quarter Results

Retrieved on:

Thursday, March 23, 2023

Insurance, Scholastic, International, Table, Education, Book, School, EBITDA, Acquisition, Investment, Publishing, Distribution, Paper, Book club, Responsive Education Solutions, Retail, Video game, Trade, London Book Fair

NEW YORK, March 23, 2023 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported financial results for the Company's fiscal third quarter ended February 28, 2023.

Key Points:

The International segment experienced trends similar to the U.S. markets with lower revenues in Trade channels partially offset by improvements in Book Fairs sales.
Operating loss increased $8.2 million to $27.7 million while Adjusted EBITDA (a non-GAAP measure of operations explained in the accompanying tables) decreased $11.3 million.
The Company continues to spend on long-term strategic investments within the Education Solutions segment, which impacted segment contribution, as did lower revenues in the quarter.
In the fiscal third quarter, the Children's Book Publishing and Distribution segment's revenues increased $3.0 million to $204.0 million.

Graduate School USA Names J.R. "Pepe" Carreras President

Retrieved on:

Wednesday, January 18, 2023

WASHINGTON, Jan. 18, 2023 /PRNewswire/ -- Graduate School USA (GSUSA) today announced the appointment of J.R. "Pepe" Carreras as President.

Key Points:

WASHINGTON, Jan. 18, 2023 /PRNewswire/ -- Graduate School USA (GSUSA) today announced the appointment of J.R. "Pepe" Carreras as President.
"Pepe has led a distinguished career which is well-aligned with Graduate School USA's ambitions as we continue to execute on our strategic growth plan," said Ms. Selden.
"I'm excited to lead Graduate School USA in its next chapter of excellence," said Mr. Carreras.
Mr. Carreras has a Master of Business Administration from Northwestern University Kellogg School of Management, and a bachelor's degree from Boston College.