JOHN WILEY & SONS, INC. — Form 8-K
Filed September 3, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 68/100
What the filing says
Wiley completed acquisition of Emerald Publishing for ~$450M net cash on June 1, 2026 (valued at ~7x Adjusted EBITDA including $30M cost synergies). Q1 FY2027 (ended July 31, 2026) revenue $386M (−3% YoY); Adjusted EPS $0.44 (−10% YoY); Adjusted EBITDA $68M (−4% YoY). Research segment revenue grew 4% with Publishing +12% (including $13M from 2 months of Emerald) offset by Research Solutions −30% due to $29M prior-year AI licensing comparison. Learning declined 20% with $8M prior-year AI comparison. AI licensing revenue was $14M for quarter; company reaffirmed full-year guidance: organic revenue low-to-mid single digit growth, Adjusted EBITDA margin 26.5%–27.5%, Adjusted EPS $4.60–$5.05, Free Cash Flow $205M.
Why this rating
Emerald acquisition (~30% of company market cap) materially reshapes portfolio and leverage (2.7x TTM, 2.1x proforma), but Q1 results flat and near-term margin pressure offset by AI momentum and cost discipline. Moderately significant M&A relative to size; execution risk on synergies.
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