Last $120.00 USD
Change Today 0.00 / 0.00%
Volume 0.0
SCOO On Other Exchanges
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OTC US
As of 8:10 PM 08/19/14 All times are local (Market data is delayed by at least 15 minutes).

school specialty inc (SCOO) Snapshot

Open
$120.00
Previous Close
$120.00
Day High
$120.00
Day Low
$120.00
52 Week High
07/17/14 - $121.00
52 Week Low
02/6/14 - $74.50
Market Cap
120.0M
Average Volume 10 Days
10.0
EPS TTM
--
Shares Outstanding
1.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SCHOOL SPECIALTY INC (SCOO)

school specialty inc (SCOO) Details

School Specialty, Inc., an education company, offers instructional and curriculum solutions to the pre-kindergarten to twelfth grade market in the United States and Canada. It operates in two segments, Distribution and Curriculum. The Distribution segment offers office products, classroom supplies, janitorial and sanitation supplies, school equipment, planning and development products, physical education products, art supplies and paper, and others; and supplemental learning materials, classroom technology, and coordinated school health and furniture, as well as provides project management services for school retrofits and new school construction. This segment offers its products under the Childcraft, Sax Arts & Crafts, Califone, Premier Agendas, Classroom Select, Sportime, Abilitations, Hammond & Stephens, SPARK, Brodhead Garrett, School Smart, and Projects by Design brand names. It also distributes headphones, earphones, headsets, and their replaceable cords that are used in the education marketplace. The Curriculum segment develops standards-based curriculum products, supplemental curriculum materials, instructional programs, and student assessment tools in the areas of science, math, and reading and math intervention, as well as comprehension, vocabulary, and spelling and grammar. This segment sells its proprietary and non-proprietary published products to teachers, curriculum specialists, and other educators under various product lines, such as Delta Education, FOSS, CPO Science, Frey Scientific, Educator’s Publishing Service, Academy of Reading, Academy of Math, Wordly Wise 3000, Explode the Code, ThinkMath!, Making Connections, S.P.I.R.E., and EPS E.P.I.C. The company offers its products through its sales force, catalog mailings, and its proprietary e-commerce Websites. School Specialty, Inc. was founded in 1959 and is headquartered in Greenville, Wisconsin.

Founded in 1959

school specialty inc (SCOO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $6.9K
Curriculum Division President
Total Annual Compensation: $343.3K
Distribution Division President
Total Annual Compensation: $328.8K
Compensation as of Fiscal Year 2014.

school specialty inc (SCOO) Key Developments

School Specialty, Inc. Appoints Todd A. Shaw as Vice President, Operational Excellence and Continuous Improvement

School Specialty, Inc. announced that Todd A. Shaw has joined the company as Vice President, Operational Excellence and Continuous Improvement, responsible for overseeing all of the company's Process Improvement Programs, effective immediately. He was most recently Vice President of Operations with Prolitec Inc.

School Specialty, Inc. Approves Amendments to the Bylaws

On July 9, 2014, the Board of Directors of School Specialty, Inc. approved amendments to the company's Bylaws, and the Bylaws were amended and restated to incorporate the amendments. The amendments do not require the approval of stockholders. In summary, the amendments: add an advance notice provision describing the process for stockholders to bring business before stockholders' meetings; revise the process for nominating directors; conform the quorum requirements for stockholders meetings to the Delaware General Corporation Law; remove certain provisions that are no longer applicable as the company has emerged from bankruptcy; conform the number of directors to the company's Certificate of Incorporation; add the position of Chief Executive Officer and update the descriptions of the other officer positions to reflect such addition as well as to make certain other changes; clarify that directors may be compensated for their services in cash or equity based compensation as reasonably determined by the Board of Directors from time to time; clarify that the Chairman of the Board is not an officer or employee of the company; conform the Bylaws to current board practices with respect to board qualification, meetings and committees; provide that, unless the company consents in writing to the selection of an alternative forum, the Court of Chancery of the State of Delaware shall, to the fullest extent permitted by law, be the sole and exclusive forum for certain legal actions; and make certain other administrative changes.

School Specialty, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended April 26, 2014; Provides Earnings Guidance for the Fiscal Year of 2015

School Specialty, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended April 26, 2014. For the quarter, the company reported revenues of $108.3 million, an increase of 2.9% or $3.1 million as compared to $105.2 million reported for the three months ended April 27, 2013. Operating loss was $13.4 million as compared to an operating loss of $26.6 million in the comparable year-ago period. Net loss was $19 million compared with a net loss of $70.3 million in the comparable period last year. On a diluted per share basis, net loss was $18.99 compared to a net loss of $3.72 for the three months ended April 27, 2013. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was $4 million in the fiscal 2014 fourth quarter as compared to $11.3 million in the comparable fiscal 2013 period. Loss before provision for income taxes was $18,990,000 compared to $70,018,000 a year ago. For the full year, the company reported revenue of $630.7 million, a decrease of 6.6% as compared to $675 million in fiscal 2013. Combined operating loss was $1.4 million as compared to an operating loss of $49.4 million in the previous fiscal year. Excluding the impact of these costs and charges, the company's operating income was $13.5 million in fiscal 2014 as compared to $3.9 million in fiscal 2013. Combined net income was $58.6 million compared with a net loss of $147.7 million in the comparable fiscal 2013 period. On a diluted share basis, net loss was $13.47 in fiscal 2014 as compared to a net loss of $7.81 in fiscal 2013. Combined Adjusted EBITDA was $42.6 million for both the fiscal 2014 and fiscal 2013 years ended April 26, 2014 and April 27, 2013. Income before provision for income taxes was $60,482,000 compared to loss before provision for income taxes of $146,590,000 a year ago. The company provided earnings guidance for the fiscal year of 2015. For the period, the company anticipates revenues will be approximately $640 million to $660 million, representing growth between 1.5% and 4.5%. Additionally, the company projects that Adjusted EBITDA for fiscal 2015 will be approximately $48 million to $54 million. Capital expenditures are expected to be approximately $17 million to $19 million.

 

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