Scholastic Corporation · NASDAQ:SCHL

Scholastic — Q3 FY2009 Earnings Presentation

8 slides from Scholastic's earnings presentation, Mar 26, 2009

  1. Slide 1: Fiscal 2009 Third Quarter Earnings Presentation

    Fiscal 2009 Third Quarter Earnings Presentation March 26, 2009

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements This presentation contains certain forward-looking statements, which are subject to various risks and uncertainties, including the conditions of the children’s book and educational materials markets and acceptance of the Company’s products in those markets and other risks

  3. Slide 3: Dick Robinson, Chief Executive Officer, President and Chairman

    Dick Robinson Chief Executive Officer, President and Chairman 3

  4. Slide 4: Third Quarter Operating Highlights

    Third Quarter Operating Highlights ƒ Children’s Book revenue increase 2% on strong Trade sales – Club sales down modestly from soft January; order volumes up – Fair sales down slightly from lower clearance sales; revenue per fair up ƒ Revenue up in Canada, Australia and Asia, excluding foreign excha

  5. Slide 5: Maureen O'Connell, Executive Vice President, Chief Administrative Officer and CFO

    Maureen O’Connell Executive Vice President, Chief Administrative Officer and Chief Financial Officer 5

  6. Slide 6: Key Financial Results

    Key Financial Results $M (except per share) 3Q09 Adj 3Q09 Adj 3Q08 Revenue $424.9 $446.7 $440.4 Cost of goods sold 214.1 214.1 216.0 Selling, general and administrative expenses 199.5 (4.8) 194.7 202.7 Bad debt expense 2.4 2.4 3.1 Depreciation and amortization 14.5 14.5 14.4 Impairment charges 17.0

  7. Slide 7: Affirming FY09 Guidance

    Affirming FY09 Guidance ƒ EPS from continuing operations of $1.20 to $1.50 – Excluding severance and one-time expenses related to cost savings, as well as non-cash charges for goodwill impairments and non-operating items ƒ Free cash flow of $55 to $80 million 7

  8. Slide 8: Questions & Answers

    Questions & Answers Participants ƒ Richard Robinson ƒ Maureen O’Connell ƒ Ellie Berger, Scholastic Trade Publishing ƒ Margery Mayer, Scholastic Education ƒ Judy Newman, Scholastic Book Clubs ƒ Hugh Roome, Scholastic International 8

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