John Wiley & Sons (WLY) 8-K Regulation FD Disclosure

JOHN WILEY & SONS, INC.
REVISED SEGMENT RESULTS
(in thousands)
(unaudited)
		Q119			Q219			Q319			Q419		FY19
Research Publishing and Platforms:
Revenue, net
Research Publishing	$	216,714		$	219,710		$	217,973		$	248,852		$	903,249
Research Platforms		8,603			9,365			9,064			8,936			35,968
Total Revenue, net	$	225,317		$	229,075		$	227,037		$	257,788		$	939,217
Contribution to Profit	$	57,317		$	59,210		$	60,863		$	82,364		$	259,754
Adjustments:
Restructuring (credits) charges		(980	)		2,282			(51	)		(120	)		1,131
Non-GAAP Adjusted Contribution to Profit	$	56,337		$	61,492		$	60,812		$	82,244		$	260,885
Depreciation and amortization		15,365			15,422			14,651			15,451			60,889
Non-GAAP Adjusted EBITDA	$	71,702		$	76,914		$	75,463		$	97,695		$	321,774
Education Publishing and Professional Learning:
Revenue, net
Education Publishing	$	74,034		$	107,474		$	95,562		$	94,948		$	372,018
Professional Learning		82,390			82,196			80,561			86,138			331,285
Total Revenue, net	$	156,424		$	189,670		$	176,123		$	181,086		$	703,303
Contribution to Profit	$	21,767		$	47,078		$	37,536		$	39,884		$	146,265
Adjustments:
Restructuring (credits) charges		(717	)		2,194			(202	)		(136	)		1,139
Non-GAAP Adjusted Contribution to Profit	$	21,050		$	49,272		$	37,334		$	39,748		$	147,404
Depreciation and amortization		17,577			17,473			16,026			17,050			68,126
Non-GAAP Adjusted EBITDA	$	38,627		$	66,745		$	53,360		$	56,798		$	215,530
Education Services:
Total Revenue, net	$	29,160		$	29,877		$	46,207		$	52,305		$	157,549
Contribution to Profit	$	(5,019	)	$	(867	)	$	(7,589	)	$	203		$	(13,272	)
Adjustments:
Restructuring (credits) charges		(208	)		310			272			15			389
Non-GAAP Adjusted Contribution to Profit	$	(5,227	)	$	(557	)	$	(7,317	)	$	218		$	(12,883	)
Depreciation and amortization		3,467			3,045			5,725			5,880			18,117
Non-GAAP Adjusted EBITDA	$	(1,760	)	$	2,488		$	(1,592	)	$	6,098		$	5,234
Corporate Expenses:	$	(37,925	)	$	(47,946	)	$	(40,464	)	$	(42,423	)	$	(168,758	)
Adjustments:
Restructuring (credits) charges		(4,181	)		5,210			(367	)		(203	)		459
Non-GAAP Adjusted Corporate Expenses	$	(42,106	)	$	(42,736	)	$	(40,831	)	$	(42,626	)	$	(168,299	)
Depreciation and amortization		3,762			3,712			3,431			3,118			14,023
Non-GAAP Adjusted EBITDA	$	(38,344	)	$	(39,024	)	$	(37,400	)	$	(39,508	)	$	(154,276	)
Consolidated Results:
Revenue, net	$	410,901		$	448,622		$	449,367		$	491,179		$	1,800,069
Operating Income	$	36,140		$	57,475		$	50,346		$	80,028		$	223,989
Adjustments:
Restructuring (credits) charges		(6,086	)		9,996			(348	)		(444	)		3,118
Non-GAAP Adjusted Operating Income	$	30,054		$	67,471		$	49,998		$	79,584		$	227,107
Depreciation and amortization		40,171			39,652			39,833			41,499			161,155
Non-GAAP Adjusted EBITDA	$	70,225		$	107,123		$	89,831		$	121,083		$	388,262

JOHN WILEY & SONS, INC.
REVISED SEGMENT RESULTS
(in thousands)
(unaudited)
		Q118			Q218			Q318			Q418		FY18
Research Publishing and Platforms:
Revenue, net
Research Publishing	$	215,594		$	221,174		$	216,351		$	250,831		$	903,950
Research Platforms		8,269			8,028			8,262			8,348			32,907
Total Revenue, net	$	223,863		$	229,202		$	224,613		$	259,179		$	936,857
Contribution to Profit	$	60,491		$	70,264		$	59,167		$	82,982		$	272,904
Adjustments:
Restructuring charges (credits)		4,836			(388	)		690			119			5,257
Non-GAAP Adjusted Contribution to Profit	$	65,327		$	69,876		$	59,857		$	83,101		$	278,161
Depreciation and amortization		13,979			12,943			13,730			14,153			54,805
Non-GAAP Adjusted EBITDA	$	79,306		$	82,819		$	73,587		$	97,254		$	332,966
Education Publishing and Professional Learning:
Revenue, net
Education Publishing	$	83,427		$	110,566		$	110,079		$	97,535		$	401,607
Professional Learning		77,817			82,226			88,741			89,724			338,508
Total Revenue, net	$	161,244		$	192,792		$	198,820		$	187,259		$	740,115
Contribution to Profit	$	8,269		$	48,219		$	50,627		$	36,926		$	144,041
Adjustments:
Restructuring charges (credits)		7,979			166			369			(270	)		8,244
Publishing brand impairment charge		3,600			-			-			-			3,600
Non-GAAP Adjusted Contribution to Profit	$	19,848		$	48,385		$	50,996		$	36,656		$	155,885
Depreciation and amortization		17,897			18,253			17,635			18,489			72,274
Non-GAAP Adjusted EBITDA	$	37,745		$	66,638		$	68,631		$	55,145		$	228,159
Education Services:
Total Revenue, net	$	26,337		$	29,737		$	32,242		$	30,815		$	119,131
Contribution to Profit	$	(5,802	)	$	888		$	2,752		$	263		$	(1,899	)
Adjustments:
Restructuring charges (credits)		2,070			(720	)		516			28			1,894
Non-GAAP Adjusted Contribution to Profit	$	(3,732	)	$	168		$	3,268		$	291		$	(5	)
Depreciation and amortization		3,291			3,322			3,252			3,247			13,112
Non-GAAP Adjusted EBITDA	$	(441	)	$	3,490		$	6,520		$	3,538		$	13,107
Corporate Expenses:	$	(50,388	)	$	(38,585	)	$	(47,152	)	$	(47,460	)	$	(183,585	)
Adjustments:
Restructuring charges (credits)		10,844			(464	)		633			2,158			13,171
Non-GAAP Adjusted Corporate Expenses	$	(39,544	)	$	(39,049	)	$	(46,519	)	$	(45,302	)	$	(170,414	)
Depreciation and amortization		3,550			3,525			3,380			3,343			13,798
Non-GAAP Adjusted EBITDA	$	(35,994	)	$	(35,524	)	$	(43,139	)	$	(41,959	)	$	(156,616	)
Consolidated Results:
Revenue, net	$	411,444		$	451,731		$	455,675		$	477,253		$	1,796,103
Operating Income	$	12,570		$	80,786		$	65,394		$	72,711		$	231,461
Adjustments:
Restructuring charges (credits)		25,729			(1,406	)		2,208			2,035			28,566
Publishing brand impairment charge		3,600			-			-			-			3,600
Non-GAAP Adjusted Operating Income	$	41,899		$	79,380		$	67,602		$	74,746		$	263,627
Depreciation and amortization		38,717			38,043			37,997			39,232			153,989
Non-GAAP Adjusted EBITDA	$	80,616		$	117,423		$	105,599		$	113,978		$	417,616