13% Adjusted EBITDA Growth
Scholastic delivered 13% adjusted EBITDA growth in the second quarter and affirmed FY 2026 earnings guidance.
Successful Sale Leasebacks
Closed two successful sale leasebacks unlocking more than $400 million in net proceeds, leading to an increased share repurchase authorization of $150 million.
Strong Performance of Children's Book Publishing
Revenues for the second quarter increased 4% to $380.9 million, driven by strong performance in book fairs and trade publishing, with book fairs revenue increasing by 5%.
Trade Publishing Achievements
Trade publishing revenues increased by 7%, led by successful releases such as Dave Pilkey's 'Dog Man, Big Jim believes'.
International Segment Growth
International segment revenues increased to $89.5 million from $86.7 million, driven by strong performance from key franchises.