Educational Development Corporation Announces Fiscal Fourth Quarter and Fiscal 2025 Results
Tulsa, Oklahoma--(Newsfile Corp. - May 19, 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 fourth quarter and fiscal year ended February 28, 2025.Fiscal Year Summary Compared to the Prior YearNet revenues of $34.2 million compared to $51.0 million.Average active PaperPie Brand Partners totaled 12,300 compared to 18,300.Loss before income taxes totaled $(6.9) million.Net loss totaled $(5.3) million.Earnings (loss) per...
2025-05-19 4:00 PM EDT
Educational Development Corporation Announces New Fiscal Year 2025 Earnings Call Date
Tulsa, Oklahoma--(Newsfile Corp. - May 5, 2025) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today announces a revised time and date of their fiscal year 2025 earnings call. EDC will host its Fiscal Year 2025 Earnings Call, including a live Q&A webcast, on Monday, May 19, 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...
2025-05-05 4:00 PM EDT
Educational Development Corporation Announces Fiscal Year 2025 Earnings Call, 2025 Annual Meeting of Shareholders and Record Date
Tulsa, Oklahoma--(Newsfile Corp. - April 22, 2025) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today announces the time and date of their fiscal year 2025 earnings call, as well as the date of the Annual Shareholders Meeting and record date for Shareholder Proxy vote.EDC will host its Fiscal Year 2025 Earnings Call, including a live Q&A webcast, on Wednesday, May 21, 2025 at 3:30 PM CT (4:30 PM ET). Craig White, Chief Executive Officer and President,...
2025-04-22 4:00 PM EDT
Educational Development Corporation Announces Extension of Credit Agreement With BOKF
Tulsa, Oklahoma--(Newsfile Corp. - April 17, 2025) - Educational Development Corporation (NASDAQ: EDUC) (the "Company") announced it has executed the Eighth Amendment ("Amendment") to the Existing Credit Agreement ("Amendment") with BOKF, NA (the "Lender"). The Amendment, effective April 4, 2025, extends the maturity date on the Revolving Loan to July 11, 2025 and includes required step downs on the Revolving Loan to $4.5 million by May 31, 2025. The Amendment also extends the maturity dates of the two term...
2025-04-17 4:00 PM EDT
Educational Development Corporation Announces New Brokerage Agreement with Keen-Summit to Market the Sale of the Hilti Complex
Tulsa, Oklahoma--(Newsfile Corp. - March 24, 2025) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", the "Company" or "Seller") (http://www.edcpub.com) executed a new brokerage agreement ("Agreement") with Keen-Summit Capital Partners, LLC ("Keen-Summit") for the marketing and brokerage services associated with the Company's headquarters and distribution warehouse located at 5400-5402 South 122nd East Avenue, Tulsa, Oklahoma 74146 (the "Hilti Complex"). The Agreement offers Keen-Summit the opportunity to market the Hilti Complex for sale for nine months. Per Craig White, Chief Executive Officer...
2025-03-24 4:36 PM EDT
Educational Development Corporation Announces Fiscal 2025 Third Quarter Results
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)...
2025-01-13 4:00 PM EST
Educational Development Corporation Announces Fiscal 2025 Third Quarter Earnings Call
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...
2024-12-12 4:00 PM EST
Educational Development Corporation Announces Fiscal 2025 Second Quarter and Year to Date Results
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...
2024-10-10 4:00 PM EDT
Educational Development Corporation Announces Extension of Credit Agreement with BOKF
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...
2024-10-07 4:00 PM EDT
Educational Development Corporation Announces Sale and Leaseback Agreement of Headquarters and Warehouse Facility
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...
2024-09-23 4:00 PM EDT
Educational Development Corporation Announces Fiscal 2025 Second Quarter Earnings Call
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...
2024-09-19 3:29 PM EDT
Educational Development Corporation Terminates Sale and Leaseback of Hilti Complex with Rockford Holdings
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,...
2024-09-18 4:23 PM EDT
Educational Development Corporation Announces Fiscal 2025 First Quarter Results
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...
2024-07-11 4:00 PM EDT
Educational Development Corporation Announces Fiscal 2025 First Quarter Earnings Call
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...
2024-07-08 11:38 AM EDT
Educational Development Corporation Announces Executed Fifth Amendment to Credit Agreement
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...
2024-06-17 4:12 PM EDT
Educational Development Corporation Announces Sale and Leaseback Agreement of Headquarters and Warehouse Facility
Tulsa, Oklahoma--(Newsfile Corp. - June 12, 2024) - 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...
2024-06-12 8:00 AM EDT
Educational Development Corporation Announces Execution of New Tenant Lease Agreement for Available Space at Hilti Complex
Tulsa, Oklahoma--(Newsfile Corp. - May 30, 2024) - Educational Development Corporation (NASDAQ: EDUC) ("EDC" or "Landlord") (http://www.edcpub.com) announced it has entered into a triple-net ("NNN") lease (the "Lease") agreement for approximately 111,000 square feet of unused office and warehouse space in it's property located at 5402 S. 122nd East Ave, Tulsa, OK 74146 (the "Hilti Complex") with a new tenant ("Tenant"). The initial lease term is five years commencing July 1, 2024 and includes an option...
2024-05-30 4:00 PM EDT
Educational Development Corporation Announces Fiscal Fourth Quarter and Fiscal 2024 Results
Tulsa, Oklahoma--(Newsfile Corp. - May 21, 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 fourth quarter and fiscal year ended February 29, 2024.Fiscal Year Summary Compared to the Prior YearNet revenues of $51.0 million compared to $87.8 million.Average active PaperPie Brand Partners totaled 18,300 compared to 28,000.Earnings before income taxes improved by $4.1 million to $0.7 million.Net earnings totaled...
2024-05-21 4:00 PM EDT
Educational Development Corporation Announces Fiscal Year 2024 Earnings Call, 2024 Annual Meeting of Shareholders and Record Date
Tulsa, Oklahoma--(Newsfile Corp. - May 2, 2024) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today announces the time and date of their fiscal year 2024 earnings call, as well as the date of the Annual Shareholders Meeting and record date for Shareholder Proxy vote.EDC will host its Fiscal Year 2024 Earnings Call, including a live Q&A webcast, on Tuesday, May 21, 2024 at 3:30 PM CT (4:30 PM ET). Craig White, Chief Executive Officer and President, Heather...
2024-05-02 4:42 PM EDT
Educational Development Corporation Announces Sale and Leaseback Agreement of Headquarters and Warehouse Facility
Tulsa, Oklahoma--(Newsfile Corp. - March 12, 2024) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", the "Company" or "Seller") (http://www.edcpub.com) today announced that on March 6, 2024, it executed a Letter of Intent ("LOI") with Blue Ledge Group ("Blue Ledge Group" or "Buyer") to enter into a Purchase and Sale Agreement ("the Purchase Agreement") for 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...
2024-03-12 4:00 PM EDT