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Educational Development (NASDAQ:EDUC) reported quarterly losses of $(0.15) per share. This is a 36.36 percent decrease over losses of $(0.11) per share from the same period last year. The company reported $9.99 million in sales this quarter. This is a 31.20 percent decrease over sales of $14.52 million the same period last year.
Educational Development Corporation (NASDAQ:EDUC) ("EDC", the "Company" or "Seller") (http://www.edcpub.com) today announced that on June 6, 2024, it executed a Commercial Real Estate Contract ("Contract") with Rockford Holdings ("Rockford" or "Buyer") for the sale of the Company's headquarters and distribution warehouse located at 5400-5402 South 122nd East Avenue, Tulsa, Oklahoma 74146 (the "Hilti Complex").The agreed upon sale price of the Hilti Complex per the executed Contract totaled $35,500,000. The proceeds from the sale will be utilized to pay off the Term Loans and Revolving Loan outstanding in the Credit Agreement with the Company's Bank. At closing, EDC will assign the existing H
4 - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Issuer)
4 - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Issuer)
4 - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Issuer)
SC 13G/A - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Subject)
SC 13G/A - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Subject)
SC 13G - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Subject)
Tulsa, Oklahoma--(Newsfile Corp. - October 10, 2024) - Educational Development Corporation (NASDAQ:EDUC) ("EDC", or the "Company"), a publishing company specializing in books and educational products for children, today reports financial results for the fiscal second quarter ended August 31, 2024.Second Quarter Summary Compared to the Prior Year Second QuarterNet revenues were $6.5 million compared to $10.6 million.Average active PaperPie Brand Partners totaled 13,900 compared to 18,100.Earnings (loss) before income taxes were $(2.5) million, compared to $1.5 million.Net earnings (loss) totaled $(1.8) million, compared to $1.1 million.Earnings (loss) per share totaled $(0.22) compared to $0.
Tulsa, Oklahoma--(Newsfile Corp. - October 7, 2024) - Educational Development Corporation (NASDAQ:EDUC) (the "Company") announced it has executed the Sixth Amendment ("Amendment") to the Existing Credit Agreement ("Amendment") with BOKF, NA (the "Lender"). The Amendment, effective October 3, 2024, extends the maturity date to January 4, 2025 and includes required step downs on the Revolving Loan to $5.5 million by November 30, 2024.On September 19, 2024 the Company announced the executed Commercial Real Estate Contract ("Contract") with Partner Holdings ("Buyer") for the sale of the Company's headquarters and distribution warehouse located at 5400-5402 South 122nd East Avenue, Tulsa, Oklaho
Tulsa, Oklahoma--(Newsfile Corp. - September 23, 2024) - Educational Development Corporation (NASDAQ:EDUC) ("EDC", the "Company" or "Seller") (http://www.edcpub.com) today announced that on September 19, 2024, it executed a Commercial Real Estate Contract ("Contract") with Partner Holdings or ("Buyer") for the sale of the Company's headquarters and distribution warehouse located at 5400-5402 South 122nd East Avenue, Tulsa, Oklahoma 74146 (the "Hilti Complex").The agreed upon sale price of the Hilti Complex per the executed Contract totaled $38,250,000 less fees, commissions and closing costs. The proceeds from the sale will be utilized to pay off the Term Loans and Revolving Loan outstanding
4 - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Issuer)
3 - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Issuer)
4 - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Issuer)
Tulsa, Oklahoma--(Newsfile Corp. - May 11, 2023) - Educational Development Corporation (NASDAQ:EDUC) ("EDC", or the "Company"), a publishing company specializing in books and educational products for children, today reports financial results for the fiscal fourth quarter and fiscal year ended February 28, 2023.Year-to-Date Summary Compared to the Prior YearNet revenues of $87.8 million, a decrease of $54.4 million, or 38.3%, compared to $142.2 million.Average active PaperPie Brand Partners totaled 28,000 compared to 44,900.Earnings (loss) before income taxes were $(3.4) million, a decrease of $14.6 million, compared to $11.2 million.Net earnings (loss) totaled $(2.5) million, compared to $8.
Tulsa, Oklahoma--(Newsfile Corp. - January 5, 2023) - Educational Development Corporation (NASDAQ:EDUC) ("EDC", or the "Company"), a publishing company specializing in books and educational products for children, today reports financial results for the third quarter and year-to-date ended November 30, 2022.Third Quarter Highlights Compared to the Prior Year Third QuarterNet revenues were $30.3 million, a decrease of $14.8 million, or 32.8%, compared to $45.1 million.Average active direct-sales consultants totaled 27,100 compared to 41,500.Earnings before income taxes were $0.0 million, a decrease of $3.6 million, compared to $3.6 million.Net earnings totaled $0.0 million, compared to $2.6 mi
Tulsa, Oklahoma--(Newsfile Corp. - December 22, 2022) - Educational Development Corporation (NASDAQ:EDUC) ("EDC", or the "Company") (http://www.edcpub.com) provides updated Conference call ID information for upcoming earnings call.EDC will host its Third Quarter Fiscal 2023 Earnings Call, including a live Q&A webcast, on Thursday, January 5, 2023 at 3:30 PM CT (4:30 PM ET). Craig White, Chief Executive Officer and President, Heather Cobb, Chief Sales and Marketing Officer, Dan O'Keefe, Chief Financial Officer and Secretary, and Randall White, Executive Chairman, will present the Company's third quarter results and be available for questions following the presentation. Phone lines for partici
10-Q - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Filer)
8-K - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Filer)
8-K - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Filer)
TULSA, Okla., July 13, 2021 (GLOBE NEWSWIRE) -- Educational Development Corporation ("EDC", or the "Company") (NASDAQ:EDUC) today announced that Randall White is transitioning from his role as President and Chief Executive Officer to active Executive Chairman. Craig White, Chief Operating Officer, has been promoted to Chief Executive Officer and President of the Company. All changes became effective on July 13, 2021. Craig White has also been appointed and unanimously approved to the Company's Board of Directors. Effective July 13, 2021, Randall White will serve as Executive Chairman, and in that capacity will remain active to inform the Board of Directors on the Company's performance