1、2015/2016 ANNUAL REPORT557 Broadway,New York,NY 10012 212-343-6100 Fellow Shareholders,In Fiscal 2016,Scholastic delivered significant growth in the Childrens Book Publishing and Distribution and Education segments and grew in the International segment in local currency terms.Fiscal 2016 Highlights
2、Revenues grew+2%to$1.67 billion.Excluding the impact of foreign exchange,revenue increased+5%versus the prior year period.Trade publishing revenues were up+14%on the strength of the core frontlist and new Harry Potter publishing,while revenues in the Education segment grew+8%for the second year in a
3、 row,driven by Classroom Books and Classroom Magazines.Operating income from continuing operations was$67.6 million,up+105%from$32.9 million in the prior year.Excluding special one-time items,operating income from continuing operations was$93.4 million,up+17%from prior year.Earnings per diluted shar
4、e from continuing operations increased+174%to$1.26.Excluding special one-time items,earnings per diluted share was$1.70,an increase of+32%versus the prior year period.Our strong Fiscal 2016 results,including double-digit growth in operating income for the year,demonstrate the success of our strategy
5、 to closely align our childrens book and education businesses in order to serve the changing needs of our educator,parent and child customers.Strong childrens book publishing,available both through retail and our school-based clubs and fairs channels,along with our customized curriculum solutions,wh
6、ich include classroom book collections,print and digital classroom magazines and instructional programs,as well as consulting services for professional learning and family and community engagement(FACE),all contribute to a complete program that supports literacy and learning in school and at home.As