John Wiley & Sons 4th-quarter net income up 14 percent as revenue rises 8 percent

John Wiley & Sons 4Q net income rises 14 percent

HOBOKEN, N.J. — Business publisher John Wiley & Sons Inc. said Thursday its fiscal fourth-quarter net income rose 14 percent, helped by stronger sales of higher education and professional and trade publications.

For the three months ended April 30, quarterly earnings rose to $28 million, or 46 cents per share, from $24.5 million, or 42 cents per share, in the same period last year.

The latest quarter’s results included a restructuring charge of 1 cent per share.

Revenue increased 8 percent to $435.6 million from $403.4 million. The company said the professional and trade division saw revenue grow 18 percent to $113 million, with especially strong sales in the U.S.

Higher education publications brought in revenue of $45 million, a 27 percent increase.

For the full year, the company’s net income rose 12 percent to $143.5 million, or $2.41 per share, from $128.3 million, or $2.15 per share, in the 2009 fiscal year.

Full-year revenue rose 5 percent to $1.7 billion from $1.6 billion.

John Wiley & Sons said it expects mid-single digit revenue growth in the current fiscal year.

Shares of John Wiley rose 50 cents to close at $39.64.