Educational Development Corporation, a publishing company, operates as a trade co-publisher of educational children's books in the United States. The company offers various books, including touchy-feely board books, activity books and flashcards, adventure and search books, art books, sticker books, and foreign language books, as well as science and math titles, and chapter books and novels. It operates in two divisions, Home Business and Publishing. The Home Business division distributes books through a network of independent consultants using a combination of direct sales, home parties, book fairs, and Internet based social media platforms. The Publishing division markets books to bookstores, toy stores, specialty stores, museums, and other retail outlets throughout the country. The company distributes children's books published by Usborne Publishing Limited in the United Kingdom. Educational Development Corporation was incorporated in 1965 and is headquartered in Tulsa, Oklahoma.
IPO Year:
Exchange: NASDAQ
Website: edcpub.com
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4 - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Issuer)
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4 - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Issuer)
4 - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Issuer)
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4 - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Issuer)
4 - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Issuer)
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
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SC 13G/A - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Subject)
SC 13G - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Subject)
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4 - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Issuer)
4 - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Issuer)
4 - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Issuer)
4 - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Issuer)
4 - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Issuer)
4 - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Issuer)
4 - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Issuer)
8-K - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Filer)
8-K - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Filer)
10-Q - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Filer)
8-K - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Filer)
8-K - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Filer)
10-Q - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Filer)
8-K - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Filer)
8-K - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Filer)
8-K - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Filer)
8-K - EDUCATIONAL DEVELOPMENT CORP (0000031667) (Filer)
Tulsa, Oklahoma--(Newsfile Corp. - January 13, 2025) - 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 third quarter ended November 30, 2024.Third Quarter Summary Compared to the Prior Year Third QuarterNet revenues were $11.1 million compared to $16.9 million.Average active PaperPie Brand Partners totaled 12,400 compared to 16,400.Earnings (loss) before income taxes were $(1.1) million, compared to $2.7 million.Net earnings (loss) totaled $(0.8) million, compared to $2.0 million.Earnings (loss) per share totaled $(0.10) compared to $0.
Tulsa, Oklahoma--(Newsfile Corp. - December 12, 2024) - Educational Development Corporation (NASDAQ:EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today announces the time and date of their fiscal 2025 third quarter earnings call.EDC will host its Fiscal Year 2025 Third Quarter Earnings Call, including a live Q&A webcast, on Monday, January 13, 2025, 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 will present the Company's third quarter results and be available for questions following the presentation. Phone lines for participants will be available at
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
Tulsa, Oklahoma--(Newsfile Corp. - September 19, 2024) - Educational Development Corporation (NASDAQ:EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today announces the time and date of their fiscal 2025 second quarter earnings call.EDC will host its Fiscal Year 2025 Second Quarter Earnings Call, including a live Q&A webcast, on Thursday, October 10, 2024 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 will present the Company's second quarter results and be available for questions following the presentation. Phone lines for participants will be availabl
Tulsa, Oklahoma--(Newsfile Corp. - September 18, 2024) - Educational Development Corporation (NASDAQ:EDUC) ("EDC", the "Company" or "Seller") (http://www.edcpub.com) today announced that on September 12, 2024, the Company terminated its agreement with Rockford Holdings ("Rockford" or "Buyer") after receiving notice that Rockford could not meet the terms of the agreement to purchase the Company's headquarters and distribution warehouse located at 5400-5402 South 122nd East Avenue, Tulsa, Oklahoma 74146 (the "Hilti Complex"). The original purchase agreement was dated June 6, 2024. Per Craig White, President and Chief Executive Officer, "We recently received notification from the Rockford Grou
Tulsa, Oklahoma--(Newsfile Corp. - July 11, 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 first quarter ended May 31, 2024.First Quarter Summary Compared to the Prior Year First QuarterNet revenues were $10.0 million compared to $14.5 million.Average active PaperPie Brand Partners totaled 13,400 compared to 23,200.Average active PaperPie Brand Partners totaled 15,015 as of February 29, 2024.Loss before income taxes were $(1.7) million, compared to $(1.2) million.Net Loss totaled $(1.3) million, compared to $(0.9) million.Loss
Tulsa, Oklahoma--(Newsfile Corp. - July 8, 2024) - Educational Development Corporation (NASDAQ:EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today announces the time and date of their fiscal 2025 first quarter earnings call.EDC will host its Fiscal Year 2025 First Quarter Earnings Call, including a live Q&A webcast, on Thursday, July 11, 2024 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 will present the Company's first quarter results and be available for questions following the presentation. Phone lines for participants will be available at (800) 7
Tulsa, Oklahoma--(Newsfile Corp. - June 17, 2024) - Educational Development Corporation (NASDAQ:EDUC) (the "Company") executed the Fifth Amendment ("Amendment") to the Existing Credit Agreement ("Amendment") with BOKF, NA (the "Lender"). The Amendment, effective May 31, 2024, adjusts the maximum availability of the Revolving Loan commitment to $7.0 million through the maturity date of October 4, 2024. The Amendment also requires an additional decrease in the Revolving Loan to $4.5 million from the effective date of the sale of the Company's Headquarters building. On June 12, 2024 the Company announced the executed Commercial Real Estate Contract ("Contract") with Rockford Holdings ("Rockf
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
Tulsa, Oklahoma--(Newsfile Corp. - October 6, 2022) - Educational Development Corporation (NASDAQ:EDUC) ("EDC", or the "Company"), a publishing company specializing in books for children, today reports financial results for the second quarter and year-to-date ended August 31, 2022.Second Quarter Highlights Compared to the Prior Year Second QuarterNet revenues were $19.4 million, a decrease of $13.6 million, or 41.2%, compared to $33.0 million.Average active UBAM sales consultants totaled 26,800 compared to 46,100.Earnings (loss) before income taxes was $(1.1) million, a decrease of $3.8 million, or 140.7%, compared to $2.7 million.Net earnings (loss) totaled $(0.8) million, compared to $1.9
Tulsa, Oklahoma--(Newsfile Corp. - August 11, 2022) - Educational Development Corporation (NASDAQ:EDUC) ("EDC") (http://www.edcpub.com) today announced that the Company has executed a new Credit Agreement ("Loan Agreement") with BOKF, NA dba Bank of Oklahoma. The new Loan Agreement establishes (1) a fixed rate mortgage term loan in the principal amount of $15,000,000 (the "Fixed Rate Term Loan"), (2) a floating rate mortgage term loan in the principal amount of $21,000,000 (the "Floating Rate Term Loan"), and (3) a revolving promissory note in the principal amount up to $15,000,000 (the "Revolving Loan").Along with the new Loan Agreement, the Company paid off its loans with its former lender
Tulsa, Oklahoma--(Newsfile Corp. - July 6, 2022) - Educational Development Corporation (NASDAQ:EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today reports financial results for the first quarter for fiscal year 2023.First Quarter Highlights Compared to the Prior Year First QuarterNet revenues of $23.2 million, a decrease of $17.6 million, or 43.1%, compared to $40.8 million.Average active UBAM sales consultants totaled 32,200 compared to 55,100.Earnings before income taxes were $0.3 million, a decrease of $4.4 million, or 93.6%, compared to $4.7 million.Net earnings totaled $0.2 million, compared to $3.4 million, a decrease of $3.2 million, or 94.1%.Earnings per share totaled $0.03
Tulsa, Oklahoma--(Newsfile Corp. - May 4, 2022) - Educational Development Corporation (NASDAQ:EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today reports financial results for the fiscal fourth quarter and fiscal year ended February 28, 2022.Fiscal Year End Highlights Compared to the Prior YearNet revenues of $142.2 million, a decrease of $62.4 million, or 30.5%, compared to $204.6 million.Average active UBAM sales consultants totaled 44,900.Earnings before income taxes were $11.2 million, a decrease of $6.0 million, or 34.9%, compared to $17.2 million.Net earnings totaled $8.3 million, compared to $12.6 million, a decrease of $4.3 million, or 34.1%.Earnings per share totaled $0.98
Tulsa, Oklahoma--(Newsfile Corp. - January 6, 2022) - Educational Development Corporation (NASDAQ:EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today reports financial results for the third quarter and year-to-date ended November 30, 2021.Pre-COVID, COVID Impacted and Current Year Comparison"We are encouraged to report that we continue to exceed pre-pandemic levels in our fiscal third quarter with increases in net revenues and average number of consultants and improved after tax profitability on a year-to-date basis. Last year, due to multiple circumstances associated with the COVID-19 pandemic, we saw an unusually positive increase in the demand for our products which resulted in
Tulsa, Oklahoma--(Newsfile Corp. - December 22, 2021) - Educational Development Corp. (NASDAQ:EDUC), a publishing company specializing in books for children, today announced plans to release financial results for its third fiscal quarter ended November 30, 2021. The company will announce earnings after the close on January 6, 2022. Educational Development Corp. will also host an earnings conference call followed by a question-and-answer session to be held on January 6, 2022 at 4:30 PM Eastern Time.Conference CallDate: Thursday, January 6, 2022Time: 4:30 p.m. ET (3:30 p.m. CT)Toll-free dial-in number: (855) 639-3876International dial-in number: (602) 585-9973Conference ID: 3089317The conferen
Tulsa, Oklahoma--(Newsfile Corp. - November 24, 2021) - Educational Development Corporation (NASDAQ:EDUC) ("EDC") (http://www.edcpub.com) today announced the execution of the Fourth Amendment to Amended and Restated Loan Agreement.Craig White, CEO of Educational Development Corporation, announced that the Company has executed the Fourth Amendment to the Amended and Restated Loan Agreement with its primary lender. The Amendment modifies the Loan Agreement, establishing Term Loan #2 in the principal amount of $10,000,000, amends the definition of LIBO Rate and LIBOR Margin and adds Benchmark Replacement Provisions. Per Mr. White, "During fiscal 2021, we paid off approximately $9.3 million of l