Educational Development Corporation

The future of our world depends on the education of our children. We deliver educational excellence one book at a time. We provide economic opportunity while fostering strong family values. We touch the lives of children for a lifetime.

Recent News

  • Educational Development Corporation Announces Second Quarter Fiscal Year 2023 Earnings Call

    Tulsa, Oklahoma--(Newsfile Corp. - September 30, 2022) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today announces the time and date of their second quarter fiscal 2023 earnings call.EDC will host its Second Quarter Fiscal 2023 Earnings Call, including a live Q&A webcast, on Thursday, October 6, 2022 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...

    2022-09-30 10:28 AM EDT
  • Educational Development Corporation Announces New Loan Agreement

    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...

    2022-08-11 4:00 PM EDT
  • Educational Development Corporation Announces First Quarter Fiscal Year 2023 Results

    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...

    2022-07-06 6:00 PM EDT
  • Educational Development Corporation Announces 2022 Annual Meeting of Shareholders and Record Date

    Tulsa, Oklahoma--(Newsfile Corp. - May 27, 2022) - Educational Development Corporation (NASDAQ: EDUC) ("EDC," or the "Company") (http://www.edcpub.com) today announces the date of the annual shareholders meeting and record date of shareholders.The Annual Meeting of Shareholders of Educational Development Corporation will be held on July 6, 2022 at 10:00 a.m. at the Corporate Offices, 5402 S. 122nd East Ave in Tulsa, Oklahoma. Shareholders of record at the close of business on June 2, 2022 are entitled to participate in the...

    2022-05-27 5:19 PM EDT
  • Educational Development Corporation Announces New Distribution Agreement with Usborne Publishing Limited

    Tulsa, Oklahoma--(Newsfile Corp. - May 19, 2022) - Educational Development Corporation (NASDAQ: EDUC) ("EDC," or the "Company") (http://www.edcpub.com) today reports a new Distribution Agreement with Usborne Publishing Limited effective May 16, 2022.Under the terms of the new agreement, EDC's UBAM direct sales division will have continuous access to sell Usborne titles through its sales channels. UBAM will also continue to have non-exclusive rights to sell Usborne titles to individuals in the School and Library Market through book fair and...

    2022-05-19 4:00 PM EDT
  • Educational Development Corporation Announces Fiscal Fourth Quarter and Fiscal Year 2022 Results

    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...

    2022-05-04 5:00 PM EDT
  • Educational Development to Present at The Sidoti Virtual Investor Conference on March 24, 2022

    Tulsa, Oklahoma--(Newsfile Corp. - March 18, 2022) - Educational Development Corporations (NASDAQ: EDUC), a publishing company specializing in books for children, today announced that the Company will present and host one-on-one meetings at the Sidoti Spring Virtual Investor Conference taking place on March 23-24, 2022. Craig White, President and CEO will provide an update on the business.The presentation will begin at 10:00 AM Eastern Time on March 24, 2022. Educational Development will also host one-on-one meetings with investors throughout the...

    2022-03-18 11:43 AM EDT
  • Educational Development Corporation Announces Fiscal Year 2022 Third Quarter and Year-To-Date Results

    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...

    2022-01-06 4:00 PM EST