Slide 1: First Quarter 2026 Earnings Call Presentation
First Quarter 2026 Earnings Call Presentation Thursday, September 18, 2025
Slide 2: Forward-Looking Statements / Regulation G
Forward-Looking Statements / Regulation G This presentation contains certain statements made today which will be forward-looking. These forward-looking statements, by their nature, are subject to various risks and uncertainties, and actual results may differ materially from those currently anticipat
Slide 3: Peter Warwick, President and Chief Executive Officer
Peter Warwick President and Chief Executive Officer
Slide 4: First Quarter 2026 Highlights
First Quarter 2026 Highlights ● Operating loss in-line with prior years, as expected, reflecting the normal seasonality of our business ● Progressed on previously announced real estate monetization process, with significant interest in both SoHo headquarters and Jefferson City distribution center ●
Slide 5: First Quarter 2026 Segment Highlights
First Quarter 2026 Segment Highlights ● Children’s Book Publishing and Distribution saw strong continued demand for Scholastic’s global franchises ○ Major upcoming releases include 25th title in I Survived series, collector’s edition of Sunrise on the Reaping, and Dav Pilkey’s Dog Man: Big Jim Belie
Slide 6: Haji Glover, Chief Financial Officer and Executive Vice President
Haji Glover Chief Financial Officer and Executive Vice President
Slide 7: First Quarter Results
First Quarter Results First Quarter In $ Millions (except per share data) Fiscal 2026 Fiscal 2025 Change Revenues $ 225.6 $ 237.2 $ (11.6) (5)% Operating income (loss) $ (92.2) $ (88.5) $ (3.7) (4)% Earnings (loss) before taxes $ (97.0) $ (91.8) $ (5.2) (6)% Diluted earnings (loss) per share $ (2.83
Slide 8: First Quarter Segment Results (excluding one-time items)
First Quarter Segment Results (excluding one-time items) First Quarter In $ Millions Fiscal 2026 Fiscal 2025 Change Children’s Book Publishing and Distribution School Reading Events $ 35.9 $ 31.5 14 % Consolidated Trade 73.5 73.9 (1)% Total Revenues 109.4 105.4 4% Operating income (loss) (34.3) (36.
Slide 9: Balance Sheet and Cash Flow Results
First Quarter Balance Sheet and Cash Flow Results In $ Millions August 31, 2025 August 31, 2024 Free cash flow (use) (3 month period ending) (1) $ (100.2) $ (68.7) Accounts receivable, net $ 187.0 $ 201.1 Inventories, net 322.2 310.3 Accounts payable 175.8 184.0 Deferred revenue 181.0 173.9 Accrued
Slide 10: Fiscal 2026 Outlook
Fiscal 2026 Outlook ● Focused on continuing to lower cost structure, especially with respect to non-revenue generating and consulting expenses ● Affirming fiscal year 2026 guidance: ● Revenue growth of 2% to 4% ● Adjusted EBITDA of $160 million to $170 million ● Free cash flow of $30 million to $40
Slide 11: Peter Warwick, President and Chief Executive Officer
Peter Warwick President and Chief Executive Officer
Slide 12: Q&A
Q&A
Slide 13: Appendix
Appendix
Slide 14: First Quarter Adjusted EBITDA
First Quarter Adjusted EBITDA First Quarter In $ Millions Fiscal 2026 Fiscal 2025 Earnings (loss) before income taxes as reported $ (97.0) $ (91.8) One-time items before income taxes 10.3 2.9 Earnings (loss) before income taxes excluding one-time items (86.7) (88.9) Interest (income) expense (1) 4.5
Slide 15: Earnings (before and after one-time items)
First Quarter Earnings (before and after one-time items) First Quarter Fiscal 2026 First Quarter Fiscal 2025 Excluding One- Excluding One- In $ Millions (except per share data) As Reported One-Time Items Time Items As Reported One-Time Items Time Items Diluted earnings (loss) per share (1) $ (2.83)