John Wiley & Sons, Inc. (NYSE:WLY) Q4 2022 Earnings Conference Call June 15, 2022 10:00 AM ET

Company Participants

Brian Campbell - Vice President of Investor Relations

Brian Napack - President & Chief Executive Officer

Christina Van Tassell - Executive Vice President & Chief Financial Officer

Conference Call Participants

Daniel Moore - CJS Securities

Operator

Good morning and welcome to Wiley's Fourth Quarter and Fiscal 2022 Earnings Call. As a reminder, this conference is being recorded.

At this time, I'd like to introduce Wiley's Vice President of Investor Relations, Brian Campbell. Please go ahead.

Brian Campbell

Hello, everyone. Just a few reminders to start. The call is being recorded and may include forward-looking statements. You shouldn't rely on these statements as actual results may differ materially and are subject to factors discussed in our SEC filings. The company does not undertake any obligations to update or revise forward-looking statements to reflect subsequent events or circumstances. Also, Wiley provides non-GAAP measures as a supplement to evaluate underlying operating profitability and performance trends. These measures do not have standardized meanings prescribed by U.S. GAAP. And therefore, may not be comparable to similar measures used by other companies, nor should they be viewed as alternatives to measures under GAAP. Unless otherwise noted, we will refer to non-GAAP metrics on the call and variances are on a year-over-year basis and will exclude the impact of currency. After the call, a copy of the presentation and a playback of the webcast will be available on our Investor Relations web page at investors.wiley.com.

I'll now turn the call over to Wiley's President and CEO, Brian Napack.

Brian Napack

Good morning and thanks for joining us. I'm pleased to report that in fiscal year '22, the Wiley team delivered another year of revenue and earnings growth with continuing strong free cash flow. As a reminder, this year marked Wiley's 215th anniversary. And to mark the occasion, we surpassed $2 billion in annual revenue for the first time. What began in 1807 as a print shop in Lower Manhattan is now one of America's oldest public companies, standing out as a global leader in scientific research and career-connected education.

Our legacy is more than just a narrative. The Wiley brand is respected worldwide and our reputation is a unique advantage that helps us to win and retain customers, partners, authors and great talent across all of our lines of business. Wiley has been unlocking human potential by advancing knowledge for over two centuries and it has done so through many economic cycles and periods of disruption. In good times and bad, Wiley delivers consistent financial performance by serving the world's researchers and learners.