This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

John Wiley & Sons' CEO Discusses F1Q 2012 Results - Earnings Conference Call

Stocks in this article: JW.A

Net debt was $353 million at the end of the quarter, down from $573 million a year earlier. During the quarter, Wiley repurchased 184,700 shares at a cost of $9.4 million. In June, Wiley increased its quarterly dividend by 25% to $0.20. It was the 18th consecutive annual increase.

Now I'd like to provide some information regarding the performance of Wiley's global businesses. STMS revenue of $253 million for the quarter increased 10% or 3% excluding the favorable effects of foreign exchange. Journal's revenue grew by 6.4% over prior year and by solid underlying subscription growth of 3.4% per calendar year 2011 receipts to date, strong publication flow, impressive back [file] sales growth and an excellent start to the year for corporate sales.

Institutional licensing business continues to grow accounting for 77% of total calendar year 2011 subscriptions versus the prior year of 72%.

The STMS book business was down by 2.5% against prior largely as a result of a one-time $5 million digital book sale to Saudi Arabia in the corresponding quarter of the prior year as discussed previously.

Direct contribution to profit for the quarter of $106 million was 13% ahead of prior year or 6% on a currency neutral basis. In the quarter, STMS signed new contracts with societies that published 14 new journals with combined annual revenue of $4 million and renewed or extended contracts to publish 36 journals with combined annual revenues of $5 million. No journal contracts were lost.

For the 12 months ended in July 2011, full [fixed] accesses on Wiley Online Library increased by 63% across all product types compared with the same period a year ago. During this period, usage of journals was up 64% and our books 86%.

Read the rest of this transcript for free on

3 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,072.03 +10.80 0.52%
NASDAQ 4,769.4260 +21.03 0.44%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs