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,...
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...
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...
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...
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...
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...
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...
2024-03-12 4:00 PM EDT
Educational Development Corporation Announces Fiscal Third Quarter and Fiscal 2024 Year-to-Date Results
Tulsa, Oklahoma--(Newsfile Corp. - January 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 third quarter and year-to-date ended November 30, 2023.Third Quarter Summary Compared to the Prior Year Third QuarterNet revenues of $16.9 million, a decrease of $13.4 million, or 44.2%, compared to $30.3 million.Average active PaperPie Brand...
2024-01-11 4:00 PM EST
Educational Development Corporation Announces Fiscal 2024 Third Quarter Earnings Call
Tulsa, Oklahoma--(Newsfile Corp. - January 3, 2024) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today announces the time and date of their fiscal 2024 third quarter earnings call.EDC will host its Third Quarter Fiscal Year 2024 Earnings Call, including a live Q&A webcast, on Thursday, January 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...
2024-01-03 4:00 PM EST
Educational Development Corporation Announces Executed Fourth Amendment to Credit Agreement
Tulsa, Oklahoma--(Newsfile Corp. - December 28, 2023) - On December 28, 2023, Educational Development Corporation (NASDAQ: EDUC) announced, via press release, the executed the Fourth Amendment to its existing credit agreement with its bank. The Amendment, effective December 1, 2023, increases the Revolving Loan commitment to $8.0 million and extends the maturity date to May 31, 2024. The amendment also allows the Company to execute additional purchase orders, subject to lender approval, not...
2023-12-28 4:00 PM EST
Educational Development Corporation Announces Board Approval to List Company Headquarters for Sale
Tulsa, Oklahoma--(Newsfile Corp. - November 15, 2023) - On November 15, 2023, Educational Development Corporation (NASDAQ: EDUC) announced, via press release, Board of Director approval to list for sale the Company's headquarters and distribution warehouse located at 5400-5402 South 122nd East Avenue, Tulsa, Oklahoma 74146 (the "Hilti Complex") with a licensed commercial real estate broker by November 30, 2023. The Hilti Complex consists of multiple buildings totaling 402,255 square feet of...
2023-11-15 4:00 PM EST
Educational Development Corporation Announces Fiscal Second Quarter and Fiscal 2024 Year-to-Date Results
Tulsa, Oklahoma--(Newsfile Corp. - October 12, 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 second quarter and year-to-date ended August 31, 2023.Second Quarter Summary Compared to the Prior Year Second QuarterNet revenues of $10.6 million, a decrease of $8.8 million, or 45.4%, compared to $19.4 millionAverage active PaperPie Brand...
2023-10-12 4:00 PM EDT
Educational Development Corporation Announces Fiscal 2024 Second Quarter Earnings Call
Tulsa, Oklahoma--(Newsfile Corp. - October 4, 2023) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today announces the time and date of their fiscal 2024 second quarter earnings call.EDC will host its Second Quarter Fiscal Year 2024 Earnings Call, including a live Q&A webcast, on Thursday, October 12, 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...
2023-10-04 4:00 PM EDT
Educational Development Corporation Announces Sale and Leaseback Agreement of Former Headquarters and Warehouse Facility
Tulsa, Oklahoma--(Newsfile Corp. - September 13, 2023) - Educational Development Corporation (NASDAQ: EDUC) ("EDC" or "Seller") (http://www.edcpub.com) today announced that on September 11, 2023, it entered a Contract of Sale of Real Estate (the "Sale Agreement") with MA Temple Investments LLC ("MA Temple" or "Buyer"), for the sale of the Company's former headquarters and current bulk storage warehouse, located at 10302 East 55th Place, Tulsa, Oklahoma 74146. The purchase price for the...
2023-09-13 4:12 PM EDT
Educational Development Corporation Announces Third Amendment to the Existing Credit Agreement
Tulsa, Oklahoma--(Newsfile Corp. - August 16, 2023) - Educational Development Corporation (NASDAQ: EDUC) ("EDC") (http://www.edcpub.com) today announced the execution of the Third Amendment to the Existing Credit Agreement.Craig White, CEO of Educational Development Corporation, announced that the Company has executed the Third Amendment to the Existing Credit Agreement ("Amendment") with BOKF, NA (the "Lender"), effective August 9, 2023. This amendment:Extends the Revolving Loan Maturity...
2023-08-16 5:01 PM EDT
Educational Development Corporation Announces Planned Execution of New Credit Agreement with Lender
Tulsa, Oklahoma--(Newsfile Corp. - August 10, 2023) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today reports it is finalizing a new loan agreement with it's lender, Bank of Oklahoma, to replace the expiring Revolving Promissory Note. The planned agreement will extend through January 31st, 2024. Full details of the terms of the agreement will be filed in the upcoming days."We have been working closely with our financial advisors and...
2023-08-10 9:24 AM EDT
Educational Development Corporation Announces First Quarter Fiscal Year 2024 Results
Tulsa, Oklahoma--(Newsfile Corp. - July 13, 2023) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today reports financial results for the first quarter for fiscal year 2024.First Quarter Summary Compared to the Prior Year First QuarterNet revenues of $14.5 million, a decrease of $8.7 million, or 37.5%, compared to $23.2 million.Average active PaperPie brand partners totaled 23,200 compared to 32,200.Earnings (loss) before income taxes...
2023-07-13 4:00 PM EDT
Educational Development Corporation Announces Fiscal 2024 First Quarter Earnings Call
Tulsa, Oklahoma--(Newsfile Corp. - June 30, 2023) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today announces the time and date of their fiscal 2024 first quarter earnings call.EDC will host its First Quarter Fiscal Year 2024 Earnings Call, including a live Q&A webcast, on Thursday, July 13, 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...
2023-06-30 10:50 AM EDT
Educational Development Corporation to Present at the 13th Annual East Coast Ideas Investor Conference Held Virtually June 21 and 22, 2023
Tulsa, Oklahoma--(Newsfile Corp. - June 20, 2023) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company"), a publishing company specializing in books, educational toys and manipulatives for children, today announced that Craig White, President and CEO, Heather Cobb, Chief Sales and Marketing Officer and Dan O'Keefe, Chief Financial Officer will attend virtual investor meetings at the East Coast IDEAS Investor Conference on June 21st.About IDEAS Investor ConferencesThe...
2023-06-20 12:16 PM EDT
Educational Development Corporation Announces Fiscal Fourth Quarter and Fiscal 2023 Results
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...
2023-05-11 5:04 PM EDT