Scholastic Corporation (SCHL) 2019年年度报告「NASDAQ」.pdf

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1、2018/2019ANNUAL REPORTThe central idea of Scholastic is to help every child develop the personal power to engage with issues,to understand themselves and become the best and most able person they can be,equipped with the thinking skills and the emotional resilience to navigate the mid-21st century w

2、orld they will inherit.Richard Robinson557 Broadway,New York,NY 10012 212 343 6100 Chairman,President and Chief Executive OfficerFellow Shareholders,As I write this,Scholastic author Dav Pilkey is embarking on a global“Do Good”tour encouraging young readers to make an impact in their communities,dem

3、onstrating the power of reading to inspire positive change.The tour reminds us that reading can inspire both action and reflection,which is central to our Scholastic missionhelping kids read so they can develop the thinking skills to understand how the world works and the inspiration to understand t

4、hemselves and their place in that world.The stakes are certainly high.At best,only 30%of U.S.children read at grade level.As millions of students and teachers prepare to return to school this month,Scholastic will be there for them as we have been for generations,providing the support,educational ma

5、terials and high-quality childrens books needed to help prepare students for success,now and in the future.As we remain dedicated to this mission,we are also taking actions that enable us to continue serving educators,families,and children for our next 100 years.In FY20,this includes improving opera

6、ting profitability while preparing for longer term growth.Here is an overview of this years financial results:?Revenues were$1.65 billion,versus$1.63 billion last year.Operating income was$25 million,compared to$55.6 million in FY18.Excluding one-time items and the impact of ASC 606,operating income