John Wiley & Sons, Inc. (WLY) announced its first-quarter earnings, revealing a significant drop in net income to $25.27 million or $0.46 per share, down from $68.34 million or $1.22 per share in the same period last year.
On an adjusted basis, earnings per share were $1.21, slightly higher than the $1.19 per share recorded in the previous year.
Quarterly revenue experienced an 11 percent decrease, falling to $468.46 million from $526.13 million in the corresponding quarter of the previous year. However, when measured in constant currency, revenues saw a 4 percent increase.
For the fiscal year 2025, the company now anticipates adjusted earnings per share to be in the range of $3.25 to $3.60, with adjusted revenue projected between $1.65 billion and $1.69 billion.
