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About Scholastic Corporation

Once upon a time, a company grew up to become one of the world's leading children's book publishers. Scholastic Corporation sells books to children in more than 150 countries. It operates through three divisions: Children's Book Publishing and Distribution; Education; and International. Scholastic owns the rights to properties such as Goosebumps and The Baby-Sitters Club and is the US distributor of the Harry Potter books, the best-selling children's series of all time. Known for its school book fairs, Scholastic also publishes magazines, textbooks, and software for students and teachers, and produces children's TV shows.

Geographic Reach

The company generates about 25% of sales outside of the US. Scholastic has long-established operations in Australia, Canada, New Zealand, and the UK, with newer holdings in China, India, and Ireland. Going forward, Scholastic expects to see strong growth in Asia and improved results in the UK.

Financial Performance

Scholastic's revenues increased by about 5% in fiscal 2015 compared to the prior year, while the company's net income was up $250 million to nearly $295 million in fiscal 2015 compared to fiscal 2014. The company's revenue and net income increased mainly due to increases in the book clubs and book fairs channels of the Children's Book Publishing and Distribution segment combined with the higher revenues driven by changes in marketing strategies.

Strategy

Scholastic expects growth to be driven by new technology. Television has been a particular area of focus for Scholastic. The company has a partnership with NBC and Telemundo (along with other content and broadcasting companies) to produce and distribute television for children through a venture called Qubo. Spots reinforcing the importance of books and reading play throughout the Qubo programming block, which airs on NBC and Telemundo in English and Spanish.

In 2015 Scholastic agreed to sell its Educational Technology and Services business to Houghton Mifflin Harcourt for $575 million in cash.

Scholastic Corporation

557 BROADWAY
New York, NY 10012-3999
Phone: 1 (212) 343-6100

Stats

Employer Type: Publicly Owned
Stock Symbol: SCHL
Stock Exchange: , NASDAQ
CIO: Arun Abraham
EVP, Chief Administrative Officer, and CFO: Maureen O'Connell
Chairman, President, and CEO: Richard Robinson
Employees (This Location): 9
Employees (All Locations): 9,000

Major Office Locations

New York, NY

Other Locations

Birmingham, AL
Maumelle, AR
Phoenix, AZ
Anaheim, CA
Baldwin Park, CA
Fremont, CA
Fresno, CA
Irwindale, CA
Redwood City, CA
Sacramento, CA
San Diego, CA
Aurora, CO
Loveland, CO
Danbury, CT
Jacksonville, FL
Lake Mary, FL
Pompano Beach, FL
Tallahassee, FL
Covington, GA
Kennesaw, GA
Aiea, HI
Des Moines, IA
Roselle, IL
Saint Charles, IL
Indianapolis, IN
Shawnee Mission, KS
Baton Rouge, LA
Clinton, MA
Odenton, MD
Saco, ME
Caledonia, MI
Fenton, MO
Jefferson City, MO
Neosho, MO
Saint Louis, MO
Charlotte, NC
Greensboro, NC
Raleigh, NC
La Vista, NE
Cranbury, NJ
Secaucus, NJ
Albuquerque, NM
Las Vegas, NV
North Las Vegas, NV
Deer Park, NY
Liverpool, NY
New York, NY
Strongsville, OH
West Chester, OH
Portland, OR
Homestead, PA
Middletown, PA
West Columbia, SC
Alcoa, TN
La Vergne, TN
Arlington, TX
College Station, TX
El Paso, TX
Irving, TX
Jersey Village, TX
Lubbock, TX
Robinson, TX
Schertz, TX
Spokane Valley, WA
Milwaukee, WI
Bengaluru, India
Gurgaon, India
Kolkata, India
Mumbai, India
New Delhi, India
Pune, India
Aurora, Canada
Brockville, Canada
Calgary, Canada
Dartmouth, Canada
Edmonton, Canada
Gloucester, Canada
Kelowna, Canada
Lachine, Canada
Mississauga, Canada
Moncton, Canada
Newmarket, Canada
Oka, Canada
Saskatoon, Canada
Sherwood Park, Canada
Surrey, Canada
Toronto, Canada
Truro, Canada
Vancouver, Canada
Winnipeg, Canada
Woodstock, Canada
London, England
Manchester, England
Southam, England
Wellington, England
Singapore, Singapore