TAL Education Group (TAL) Management on Q1 2023 Results - Earnings Call Transcript

TAL Education Group (NYSE:TAL) Q1 2023 Earnings Conference Call July 29, 2022 8:00 AM ET

Company Participants

Jackson Ding - IR Director

Alex Peng - President and CFO

Conference Call Participants

Mark Lee - Citi

Liping Zhao - CICC

Felix Liu - UBS

Operator

Ladies and gentlemen, good day, and thank you for standing by. Welcome to TAL Education Group First Quarter 2023 Earnings Conference Call.

At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. Please be informed, today's conference is being recorded.

I'd 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 for TAL Education Group's First Fiscal Quarter 2023 earnings conference call. The earnings release was distributed earlier today. You may find a copy on the company 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 the discussions will contain forward-looking statements made under the safe harbor provisions of the US 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'd like now to turn the call over to Mr. Alex Peng. Alex, please?

Alex Peng

Thanks Jackson, and thank you all for joining us on today's call. I think it was exactly three months ago, to the date on April 29, which also happened to be a Friday that we last spoke and I really look forward to sharing with you today on some of the progress we've made in restructuring and transforming our business.