Stride, Inc. (NYSE:LRN) Q1 2023 Earnings Conference Call October 25, 2022 5:00 PM ET

Company Participants

Tim Casey - Vice President of Investor Relations

James Rhyu - Chief Executive Officer

Donna Blackman - Chief Financial Officer

Conference Call Participants

Jeff Silber - BMO Capital Markets

Greg Parrish - Morgan Stanley

Tom Singlehurst - Citi

Operator

Ladies and gentlemen, thank you for standing by and welcome to Stride, Inc. First Quarter Fiscal 2023 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

Tim Casey, Vice President of Investor Relations, you may begin your conference.

Tim Casey

Thank you and good afternoon. Welcome to Stride's first quarter earnings call for fiscal year 2023. With me on today's call are James Rhyu, Chief Executive Officer; and Donna Blackman, Chief Financial Officer. As a reminder, today's conference call and webcast are accompanied by a presentation that can be found on the Stride Investor Relations website.

Please be advised that today's discussion of our financial results may include certain non-GAAP financial measures. A reconciliation of these measures is provided in the earnings release issued this afternoon and can also be found on our Investors Relations website. In addition to historical information, this call may also involve forward-looking statements. The company's actual results could differ materially from any forward-looking statements, due to several important factors as described in the company's latest SEC filings. These statements are made on the basis of our views and assumptions regarding future events and business performance at the time we make them and the company assumes no obligation to update any forward-looking statements made during this call. Following our prepared remarks, we'll answer any questions you may have.

I will now turn the call over to James. James?

James Rhyu

Thank you, Tim, and good afternoon everyone. The world has been volatile to say the least these past few years with many companies reeling from the impact of that volatility. When the COVID pandemic first hit, we were coming off a decade of strong economic growth, a long bull market and historically low inflation interest rates and unemployment in a relatively peaceful global environment.

Fast forward a couple of years and we've experienced not one, but two stock market corrections, almost double-digit inflation, interest rates that have tripled and heightened global tensions. Amid all this turmoil, there is one constant that gives me optimism, the resilience, ingenuity and resolve of America and in particular, its younger generations.