Educational Development Corporation reported earnings results for the fourth quarter and full year ended February 28, 2022. For the fourth quarter, the company reported sales was USD 23.31 million compared to USD 40.34 million a year ago. Net income was USD 0.3239 million compared to USD 2.17 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to USD 0.26 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to USD 0.25 a year ago.
For the full year, sales was USD 142.23 million compared to USD 204.64 million a year ago. Net income was USD 8.31 million compared to USD 12.62 million a year ago. Basic earnings per share from continuing operations was USD 1.03 compared to USD 1.51 a year ago. Diluted earnings per share from continuing operations was USD 0.98 compared to USD 1.5 a year ago.