The holiday sales period ended on a high note with unit sales of print books increasing 5.8% over the week ended December 24, 2022 at outlets that report to Circana BookScan.
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For the total company in 3Q 2017: ◦Revenue increased 7.0%, and currency-neutral revenue* was up 7.1%. ◦Revenue increased in all segments and major product categories, as expanded customer demand spread across the company’s broad product portfolio. ◦Operating profit was $2.0 billion, driven by strong performance in the International and Supply Chain and Freight segments. ◦Year-to-date capital expenditures were $3.7 billion, supporting our investment strategies. Click Read More below for additional information.
Bonnier Corp. has signed a licensing agreement for its iconic brand Popular Science with Celestron Acquisition LLC, it was announced by Elise Contarsy, Senior Vice President of Bonnier Consumer Products. Founded in 1960, Celestron offers the largest selection of consumer optical products in the world and is the global leader in telescope manufacturing. An industry leader for more than 60 years, Celestron will produce an extensive line of Popular Science products that will include telescopes, microscopes, sport optics and accessories. The deal was brokered by Evolution USA LLC, the licensing and brand management agency that represents the Popular Science brand worldwide.
Summary: +GAAP Results: Revenue of $431 million (+2%) and EPS of $0.29 (+$0.23) +Adjusted Results (at constant currency): Revenue +2% to $431 million, EBITDA +42% to $82 million, and EPS +124% to $0.42 +Research Publishing & Platforms (at constant currency): Revenue +6% and Adjusted EBITDA +19% +Shareholder Return: Wiley among select group with 27 consecutive years of annual dividend increases