Group 1 - John Wiley & Sons, Inc. (WLY) demonstrated reasonable performance driven by margin improvement and sales growth in research, despite facing pressures in the learning segment [2] - The company is focusing on AI as an important theme, indicating a strategic direction towards technology integration [2] - The Valkyrie Trading Society, associated with the company, emphasizes high conviction and obscure developed market ideas that are downside limited and likely to generate non-correlated and outsized returns in the current economic environment [2] Group 2 - The Value Lab, led by the Valkyrie Trading Society, targets a portfolio yield of about 4% and has performed well over the last 5 years by engaging in international markets [1] - The Value Lab offers members real-time updates, 24/7 chat support, regular global market news reports, feedback on stock ideas, new trades monthly, quarterly earnings write-ups, and daily macro opinions [2]

Core Insights - Virtusa and Wiley have formed a multi-year managed services partnership aimed at accelerating Wiley's technology transformation to enhance customer service and drive innovation, productivity, and cost efficiencies [1] - The partnership will allow Wiley to free up capital for high-return investments and enable its technology teams to focus on developing next-generation customer platforms and AI-powered solutions [1] - Virtusa will take ownership of Wiley's Sri Lanka technology operation, leveraging its established presence and expertise to provide continuity and optimize Wiley's technology foundation [1] Company Overview - Wiley is a global leader in authoritative content and research intelligence, with over 200 years of experience in the scholarly ecosystem, focusing on transforming scientific breakthroughs into real-world impact [1] - Virtusa specializes in product and platform engineering services, helping organizations grow sustainably by reimagining enterprises through domain-driven solutions [1] - Virtusa offers a broad range of services, including AI advisory, digital engineering, data analytics, and managed services across various industries such as financial services, healthcare, and technology [1]

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Company Overview - John Wiley & Sons (WLY) is located in Hoboken and operates within the Consumer Staples sector [3] - The stock has experienced a price change of 0.29% since the beginning of the year [3] Dividend Information - The company currently pays a dividend of $0.35 per share, resulting in a dividend yield of 4.62%, which is higher than the Publishing - Books industry's yield of 4.31% and the S&P 500's yield of 1.39% [3] - The annualized dividend of $1.42 has increased by 0.7% from the previous year [4] - Over the past 5 years, John Wiley & Sons has raised its dividend 5 times, averaging an annual increase of 0.69% [4] - The current payout ratio is 37%, indicating that the company pays out 37% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year, WLY anticipates solid earnings growth, with the Zacks Consensus Estimate for 2026 projected at $4.00 per share, reflecting a year-over-year earnings growth rate of 9.89% [5] Investment Considerations - Established firms with secure profits are typically viewed as the best dividend options, while high-growth businesses or tech start-ups rarely offer dividends [6] - WLY is considered a compelling investment opportunity due to its strong dividend profile and a Zacks Rank of 3 (Hold) [6]

Company Overview - John Wiley & Sons (WLY) is a Consumer Staples stock headquartered in Hoboken, experiencing a price change of -3.69% this year [3] - The company currently pays a dividend of $0.70 per share, resulting in a dividend yield of 4.81%, which is higher than the Publishing - Books industry's yield of 4.3% and the S&P 500's yield of 1.41% [3] Dividend Performance - The current annualized dividend of John Wiley & Sons is $1.42, reflecting a 0.7% increase from the previous year [4] - Over the past 5 years, the company has increased its dividend 5 times, averaging an annual increase of 0.69% [4] - The current payout ratio is 37%, indicating that the company pays out 37% of its trailing 12-month earnings per share as dividends [4] Earnings Expectations - The Zacks Consensus Estimate for earnings in 2026 is $4.00 per share, with an expected increase of 9.89% from the previous year [5] - The company is anticipated to see earnings expansion this fiscal year, which will influence future dividend growth [5] Investment Considerations - Dividends are favored by investors as they enhance stock investing profits, reduce overall portfolio risk, and offer tax advantages [5] - WLY is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [6]

Company Overview - John Wiley & Sons (WLY) is located in Hoboken and operates within the Consumer Staples sector [3] - The stock has experienced a price decline of 28.9% since the beginning of the year [3] Dividend Information - The company currently pays a dividend of $0.35 per share, resulting in a dividend yield of 4.57% [3] - The Publishing - Books industry has a slightly higher yield of 4.59%, while the S&P 500's yield stands at 1.42% [3] - The annualized dividend of $1.42 has increased by 0.7% from the previous year [4] - Over the past five years, John Wiley & Sons has raised its dividend five times, averaging an annual increase of 0.69% [4] - The current payout ratio is 37%, indicating that the company distributes 37% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year 2025, the Zacks Consensus Estimate predicts earnings of $4.00 per share, reflecting a year-over-year growth rate of 9.89% [5] Investment Considerations - Dividends are favored by investors as they enhance stock investment profits, reduce overall portfolio risk, and offer tax advantages [5] - WLY is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [6]

Core Viewpoint - Wiley has declared a quarterly cash dividend of $0.355 per share on its Class A and Class B Common Stock, reflecting its commitment to returning value to shareholders [1] Dividend Announcement - The quarterly dividend is scheduled to be paid on January 15, 2026, to shareholders of record on December 30, 2025 [1] - This dividend translates to an annual dividend of $1.42 per share, indicating an increase compared to previous periods [1]

Core Viewpoint - Wiley has increased its share repurchase allocation for Fiscal 2026 to $100 million, reflecting a significant rise from previous years [1] Financial Performance - The share repurchase allocation for Fiscal 2025 was $60 million, and for Fiscal 2024 it was $45 million, indicating a consistent upward trend in the company's commitment to returning capital to shareholders [1] - In the first half of Fiscal 2026, Wiley has already executed approximately $35 million of the repurchase allocation, with a goal to complete $65 million by the end of the fiscal year [1]

Revenue Performance - For the three months ended October 31, 2025, consolidated revenue decreased by $4.8 million, or 1%, compared to the prior year, with Adjusted Revenue of $421.8 million[150][151]. - Revenue for the six months ended October 31, 2025 decreased by $11.9 million, or 1%, compared to the prior year, with a constant currency decrease of 2%[196]. - Adjusted Revenue for the six months ended October 31, 2025 was $818.6 million, consistent with the prior year, while US GAAP Revenue was $818.6 million, a decrease of 1%[197][200]. - 48% of Adjusted Revenue for the year ended April 30, 2025, was recurring revenue, indicating a stable revenue stream[144]. Segment Performance - Research revenue increased by $16.6 million, or 6%, to $278,514 million for the three months ended October 31, 2025, driven by growth in Research Publishing[185]. - Learning revenue decreased by $18.3 million, or 11%, to $143,237 million for the three months ended October 31, 2025, due to market-related softness[189]. - Research revenue increased by $33.0 million, or 6%, for the six months ended October 31, 2025, compared to the prior year[227]. - Learning revenue decreased by $27.5 million, or 10%, for the six months ended October 31, 2025, compared to the prior year[231]. Income and Earnings - Operating income for the same period increased by $8.9 million, or 14%, to $73.0 million, driven by lower operating and administrative expenses[155][164]. - US GAAP Income Before Taxes for the six months ended October 31, 2025, was $75.7 million, an increase from $71.9 million in 2024, representing a growth of 2.4%[221]. - Non-GAAP Adjusted Income Before Taxes increased to $113.2 million for the six months ended October 31, 2025, compared to $103.1 million in 2024, reflecting a growth of 9.8%[221]. - Diluted earnings per share increased to $0.84 for the three months ended October 31, 2025, compared to $0.74 in 2024, marking a 14% rise[182]. - Diluted Earnings per Share rose to $1.05 for the six months ended October 31, 2025, up from $0.71 in 2024, marking an increase of 48.6%[224]. Expenses and Cost Management - Operating and administrative expenses decreased by $13.8 million, or 6%, to $225.1 million, primarily due to restructuring and cost savings initiatives[154]. - Operating and administrative expenses decreased by $22.3 million, or 5%, to $465.4 million for the six months ended October 31, 2025[201]. - Interest expense decreased to $11.7 million for the three months ended October 31, 2025, down from $14.5 million in the prior year[169]. - Interest expense decreased to $22.7 million for the six months ended October 31, 2025, down from $27.3 million in the prior year[213]. Cash Flow and Financial Position - As of October 31, 2025, the company had cash and cash equivalents of $67.4 million, with approximately 95% located outside the US[239]. - The company reported approximately $871.7 million of debt outstanding as of October 31, 2025, with $423.5 million of unused borrowing capacity[241]. - For the six months ended October 31, 2025, net cash used in operating activities was $(76.5) million, an improvement from $(94.0) million in the prior year[243]. - Net cash provided by investing activities for the six months ended October 31, 2025 was $72.4 million, compared to net cash used of $(44.5) million in the prior year[252]. - Net cash used in financing activities was $(13.0) million for the six months ended October 31, 2025, a decrease from net cash provided of $113.1 million in the prior year[253]. Taxation - The US GAAP Effective Tax Rate increased to 22.6% for the three months ended October 31, 2025, compared to 17.3% in 2024, primarily due to a change in jurisdictional mix of earnings[178]. - The US GAAP Effective Tax Rate decreased to 25.3% for the six months ended October 31, 2025, down from 45.8% in 2024, mainly due to a change in jurisdictional mix of earnings[222]. Shareholder Returns - The company increased its quarterly dividend to shareholders to $1.42 per share annualized, up from $1.41 per share in the prior year[254]. - The company repurchased $35.1 million of shares during the six months ended October 31, 2025, compared to $25.0 million in the prior year[255]. Restructuring and Cost Savings - The Global Restructuring Program is expected to yield annualized cost savings of approximately $115 million, with about $110 million realized in fiscal year 2026[159]. - Adjusted EBITDA for the three months ended October 31, 2025, was $115.1 million, reflecting an 8% increase compared to the prior year[155][166]. - Adjusted EBITDA for the six months ended October 31, 2025 was $185.5 million, an increase of 4% compared to the prior year[210]. - Adjusted EBITDA for the Research segment increased by 14% to $93,280 million on a constant currency basis[187]. - Adjusted EBITDA for the Learning segment decreased by 14% to $57,435 million on a constant currency basis, primarily due to lower revenue[190][233]. Foreign Currency Impact - The company recorded foreign currency translation losses of approximately $(10.0) million for the six months ended October 31, 2025, primarily due to fluctuations in the US dollar relative to the British pound sterling[263].

Revenue Performance - For the three months ended October 31, 2025, consolidated revenue decreased by $4.8 million, or 1%, compared to the prior year, with Adjusted Revenue of $421.8 million[150][151]. - Research revenue increased by $16.6 million, or 6%, to $278,514 million for the three months ended October 31, 2025, driven by growth in Research Publishing[185]. - Learning revenue decreased by $18.3 million, or 11%, to $143,237 million for the same period, attributed to market-related softness and a decline in print sales[189]. - Revenue for the six months ended October 31, 2025 decreased by $11.9 million, or 1%, compared to the prior year, with a constant currency decrease of 2%[196]. - Research revenue for the six months ended October 31, 2025, increased by $33 million, or 6%, compared to the prior year, with Research Solutions revenue growing by 18%[227]. - Learning revenue decreased by $27.5 million, or 10%, for the six months ended October 31, 2025, compared to the prior year, primarily due to declines in print sales and license revenue[231]. Income and Earnings - Operating income for the same period increased by $8.9 million, or 14%, to $73.0 million, driven by lower operating and administrative expenses[155][164]. - Adjusted EBITDA for the three months ended October 31, 2025, was $115.1 million, reflecting an 8% increase compared to the prior year[155][166]. - US GAAP Income Before Taxes was $58,010 million, an increase from $48,937 million in the same period of 2024, representing a growth of 20%[177]. - Non-GAAP Adjusted Income Before Taxes for the same period was $78,596 million, up from $69,141 million in 2024, reflecting a 14% increase[177]. - Diluted earnings per share increased to $0.84 for the three months ended October 31, 2025, compared to $0.74 in 2024, marking a 14% rise[182]. - Diluted Earnings per Share rose to $1.05 for the six months ended October 31, 2025, up from $0.71 in 2024, marking an increase of 48.6%[224]. Expenses and Cost Management - Operating and administrative expenses decreased by $13.8 million, or 6%, to $225.1 million, primarily due to restructuring and cost savings initiatives[154]. - Operating and administrative expenses decreased by $22.3 million, or 5%, to $465.4 million for the six months ended October 31, 2025[201]. - Interest expense decreased to $11.7 million for the three months ended October 31, 2025, down from $14.5 million in the prior year[169]. - Interest expense decreased to $22.7 million for the six months ended October 31, 2025, down from $27.3 million in the prior year[213]. - The company recorded restructuring and related charges of $6.0 million for the three months ended October 31, 2025, compared to $3.6 million in the prior year[156]. AI and Research Segment - Artificial intelligence (AI) license revenue increased to $6.0 million for the three months ended October 31, 2025, up from $4.0 million in the prior year[150]. - Research AI license revenue reached $4.8 million for the three months ended October 31, 2025, compared to none in the prior year[186]. - AI license revenue increased to $34.9 million for the six months ended October 31, 2025, up from $21 million in the prior year, including $15.7 million from licensed content[196]. - Research AI license revenue surged to $20.7 million for the six months ended October 31, 2025, compared to approximately $1 million in the prior year[228]. - Adjusted EBITDA for the Research segment increased by 14% to $93,280 million on a constant currency basis, driven by higher revenue[187]. - Adjusted Operating Income for the Research segment increased by 18% to $69,961 million for the three months ended October 31, 2025[184]. Tax and Financial Position - The US GAAP Effective Tax Rate increased to 22.6% for the three months ended October 31, 2025, compared to 17.3% in 2024, primarily due to a change in jurisdictional mix of earnings[178]. - The US GAAP Effective Tax Rate decreased to 25.3% for the six months ended October 31, 2025, down from 45.8% in 2024, mainly due to a change in jurisdictional mix of earnings[222]. - The company maintains a strong liquidity position, with operating cash flow and credit facilities expected to meet operational and investment needs over the next twelve months[238]. - As of October 31, 2025, the company had cash and cash equivalents of $67.4 million, with approximately 95% located outside the US[239]. - The company reported approximately $871.7 million of debt outstanding as of October 31, 2025, with $423.5 million of unused borrowing capacity under its Amended and Restated Credit Agreement[241]. Cash Flow and Dividends - For the six months ended October 31, 2025, net cash used in operating activities was $(76.5) million, an improvement from $(94.0) million in the same period of 2024[243]. - Free cash flow less product development spending for the six months ended October 31, 2025 was $(107.9) million, compared to $(130.1) million in the prior year[245]. - Net cash provided by investing activities for the six months ended October 31, 2025 was $72.4 million, a significant increase from net cash used of $(44.5) million in the prior year[252]. - Net cash used in financing activities was $(13.0) million for the six months ended October 31, 2025, compared to net cash provided of $113.1 million in the same period of 2024[253]. - The company increased its quarterly dividend to shareholders to $1.42 per share annualized, up from $1.41 per share in the prior year[254]. Foreign Exchange and Other - Net foreign exchange transaction gains were $1.0 million for the three months ended October 31, 2025, compared to losses of $(3.3) million in the prior year[170][171]. - The company recorded foreign currency translation losses of approximately $(10.0) million for the six months ended October 31, 2025, primarily due to fluctuations in the US dollar relative to the British pound sterling[263]. - Other expense, net was $(2.1) million for the six months ended October 31, 2025, compared to other income, net of $3.0 million in the prior year[220].