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NEW YORK – Scholastic (NASDAQ:) Corporation (NASDAQ: SCHL), a leading publisher and distributor of children's books and educational materials, has expanded its Board of Directors to 11 members, including Alix Guerrier and Kaya Henderson. announced that he has been appointed as an independent director. Effective Monday.
Mr. Guerrier, current CEO of DonorsChoose, brings more than 20 years of experience in the education sector to the Board. His background includes teaching, education technology entrepreneur, and leadership roles at GlobalGiving and LearnZillion. Mr. Guerrier's educational background includes a bachelor's degree in physics from Harvard University, a master's degree in education from Stanford University, and an MBA.
Mr. Henderson joins Scholastic with an extensive background in education, including his current role as CEO of Reconstruction US, a K-12 supplemental curriculum company.
Her career spanned a variety of leadership positions, including Chancellor of the District of Columbia Public Schools, where she oversaw significant improvements in student achievement and satisfaction. Henderson holds a Bachelor of Science in Foreign Affairs, a Master of Arts in Leadership, and an honorary doctorate from the University of Washington.
This appointment is in line with Scholastic's strategy to support children's personal and intellectual growth, with a focus on reading comprehension and literacy. With operations in more than 135 countries, the company is known for its role in providing books and educational resources to schools, homes and children around the world.
Information is based on the company's press release.
Investment Pro Insights
As Scholastic Corporation (NASDAQ: SCHL) welcomes new board members with strong backgrounds in education, it's worth noting that the company's financial health and shareholder value are also in the spotlight. Masu. According to InvestingPro, Scholastic has more cash than debt on its balance sheet, which is a good sign of the company's liquidity and financial stability. This is especially important as the company continues to invest in strategic initiatives that promote reading comprehension and literacy.
According to InvestingPro data, Scholastic has a market capitalization of approximately $1.12 billion, demonstrating the company's large presence in the publishing industry. The company has a price-to-earnings ratio (P/E) of 20.28, with an adjusted P/E ratio of 19.25 for the trailing twelve months as of Q2 2024. This suggests that investors are willing to pay a higher price for Scholastic's profits, perhaps reflecting optimism about the company's future growth.
Additionally, Scholastic boasts a gross profit margin of 54.66% for the same period, indicating that the company has effectively managed its production costs and maintained its profitability. This is critical to Scholastic as we adapt to the evolving educational landscape and invest in new products and services.
InvestingPro Tips highlights Scholastic's commitment to returning value to shareholders, as evidenced by its high shareholder yield and 17 consecutive years of dividend payments. For investors looking for additional insight, he has more in-depth InvestingPro tips, including analysis on company profitability and cash flow management. To explore these further, consider using a coupon code. pro news 24 Get an extra 10% off your annual or biennial Pro and Pro+ subscriptions with InvestingPro. For Scholastic, 7 more of his InvestingPro tips are listed to give you a comprehensive view of a company's financial and operational performance.
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