101 0 Kommentare Wiley Hosts Investor Update - Seite 2

Non-GAAP Measures

In this presentation, management may provide the following non-GAAP performance measures:

Adjusted Revenue
Adjusted Earnings Per Share (“Adjusted EPS”);
Free Cash Flow less Product Development Spending;
Adjusted Contribution to Profit (“Adjusted CTP”) and margin;
Adjusted EBITDA and margin;
Organic revenue; and
Results on a constant currency (“CC”) basis.

Management believes non-GAAP financial measures, which exclude our held for sale or sold businesses, impairment charges, and the impact of restructuring charges and credits and other items, provide supplementary information to support analyzing operating results and earnings and are commonly used by shareholders to measure our performance. Free Cash Flow less Product Development Spending helps assess our ability over the long term to create value for our shareholders. Results on a constant currency basis removes distortion from the effects of foreign currency movements to provide better comparability of our business trends from period to period applying the same foreign currency exchange rates for the current and equivalent prior period. We have not provided our 2024-2026 outlook for the most directly comparable U.S. GAAP financial measures, as they are not available without unreasonable effort due to the high variability, complexity, and low visibility with respect to certain items, including restructuring charges and credits, gains and losses on foreign currency, and other gains and losses. These items are uncertain, depend on various factors, and could be material to our consolidated results computed in accordance with U.S. GAAP. Please refer to our Annual Report on Form 10-K for the fiscal year ended April 30, 2023 and our 8-K filed on September 1, 2023 for our Revised Segment Results for our Non-GAAP reconciliations to US GAAP results.

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