Common Stock, $.20 par value
- Symbol
- EDUC
- Exchange
- NASDAQ
- Classification
- COMMON
- Status
- Current
Current Report · Items 2.02, 7.01, 9.01 · 8-K
EDUCNASDAQEQUITYCurrent
ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION On May 19, 2026, Educational Development Corporation announced, via press release, fiscal 2026 and fiscal fourth quarter financial results. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
EDC began as a publishing company specializing in books for children. EDC is the owner and exclusive publisher of Kane Miller Books (“Kane Miller”); Learning Wrap-Ups, maker of educational manipulatives; and SmartLab Toys, maker of STEAM-based toys and games. EDC is also the exclusive United States MLM distributor of Usborne Publishing Limited (“Usborne”) children’s books. EDC-owned products are sold via 4,000 retail outlets and EDC and Usborne products are offered by independent brand partners who hold book showings through social media, book fairs with schools and public libraries, in individual homes, as well as other in-person events and internet sales.
EDUCATIONAL DEVELOPMENT CORPORATION · 8-K · Filed 2026-05-19
EX-99.1 2 educex99-1.htm EXHIBIT 99.1 EXHIBIT 99.1 EDUCATIONAL DEVELOPMENT CORPORATION ANNOUNCES FISCAL FOURTH QUARTER AND FISCAL 2026 RESULTS TULSA, OK, May 19, 2026 - Educational Development Corporation (“EDC”, or the “Company”) (NASDAQ: EDUC), 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, 2026. Fiscal Year Summary Compared to the Prior Year Net revenues of $22.9 million compared to $34.2 million. Average active PaperPie Brand Partners totaled 5,800 compared to 12,300. Earnings before income taxes totaled $5.3 million. Excluding the gain on the building sale of $12.2 million, loss before income taxes were $(6.9) million. Income tax expense was $3.0 million, with an effective tax of 56.5%, due to a one-time valuation allowance of $1.5 million. Net earnings totaled $2.3 million. Earnings (loss) per share totaled $0.27, compared to a loss of $(0.63), on a fully diluted basis. Fourth Quarter Summary Compared to the Prior Year Fourth Quarter Net revenues for the quarter were $4.2 million compared to $6.6 mi…
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