TAL Education Group (TAL) Q3 2023 Earnings Call Transcript

TAL Education Group (NYSE:TAL) Q3 2023 Earnings Conference Call January 19, 2023 7:00 AM ET

Company Participants

Jackson Ding - Investor Relations Director

Alex Peng - President & Chief Financial Officer

Conference Call Participants

Lucy Yu - Bank of America

Liping Zhao - CICC

Felix Liu - UBS

DS Kim - JPMorgan

Operator

Ladies and gentlemen, good day, and thank you for standing by. Welcome to TAL Education Group Third Quarter Fiscal Year 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a Q&A session. Please be informed, today's conference is being recorded.

I would now like to hand the conference over to Mr. Jackson Ding, Investor Relations Director. Thank you. Please, go ahead, sir.

Jackson Ding

Thank you, operator. Thank you all for joining us today with TAL Education Group's third quarter fiscal year 2023 earnings conference call. The earnings release was distributed earlier today and you may find a copy on the company's IR website or through the newswires.

During this call you will hear from Mr. Alex Peng, President and Chief Financial Officer; and myself Investor Relations Director. Following the prepared remarks Mr. Peng and I will be available to answer your questions.

Before we continue, please note that today's discussion will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from our current expectations. Potential risks and uncertainties include, but are not limited to, those outlined in public filings with the SEC.

For more information about these risks and uncertainties, please refer to our filings with the SEC. Also, our earnings release and this call include discussions of certain non-GAAP financial measures. Please refer to our earnings release which contains a reconciliation of the non-GAAP measures to the most directly comparable GAAP measures.

I would like to turn the call over to Mr. Alex Peng. Alex, please go ahead.

Alex Peng

Thanks, Jackson. I appreciate you all for joining us on today's call, especially as we are approaching the Chinese New Years' holidays. I'd like to really take this opportunity to wish you and your families a very happy Chinese New Year.

One of the traditions of Chinese New Year is to recap the past and plan for the future. On this call, I'd also like to share with you our performance in the last quarter, as well as our expectations for the quarters to come.