Scholastic Corporation (NASDAQ:SCHL) Q1 2023 Earnings Conference Call September 22, 2022 4:30 PM ET

Company Participants

Jeffrey Mathews - EVP, Corporate Development and IR

Peter Warwick - President and CEO

Ken Cleary - CFO

Operator

Thank you for standing by. Welcome to Scholastic Reports First Quarter Fiscal Year 2023 Results. During the program today, all participants are in a listen-only mode. As a reminder, today’s program may be recorded.

And now I’d like to introduce your host for today’s program, Jeff Matthews, Executive Vice President, Corporate Development and Investor Relations. Please go ahead, sir.

Jeffrey Mathews

Hello and welcome everyone to Scholastic fiscal 2023 first quarter earnings call.

I’m excited to be back at Scholastic, a company defined by its incredible people emission, over the coming months I look forward to reconnecting with and getting to know again it’s classics investment community, as we work to reach a new level of understanding of our shareholders perspective and communicate our strategy, opportunity and progress.

Today on the call, I’m joined by Peter Warwick, our President and Chief Executive Officer; and Ken Cleary, our Chief Financial Officer. As usual, we have posted the company investor presentation on our IR website at investor.scholastic.com, which you may download now, if you’ve not done so already. We would like to point out that certain statements made today will be forward-looking. These forward-looking statements by their nature are subject to various risks and uncertainties and actual results may differ materially from those currently anticipated. In addition, we will be discussing some non-GAAP financial measures as defined in Regulation G.

The reconciliation of these measures to the most directly comparable GAAP measures may be found in the company’s earnings release and in company’s financial tables, filed this afternoon on a Form 8-K. This earnings release has also been posted to our Investor Relations website. We encourage you to review the disclaimers in the release and investor presentation and to review the risk factors disclosed in the company’s annual and quarterly reports filed with the SEC. Should you have any questions after today’s call, please send them directly to me at our IR email address, investor_relations@scholastic.com.

And now, I’d like to turn the call over to Peter to begin this afternoons’ presentation.

Peter Warwick

Good afternoon, everyone and thank you, Jeff.

I’ll start by welcoming you back to Scholastic in the new role of Executive Vice President, Corporate Development and Investor Relations. I am confident that Jeff is the right person to assume this important new position, which marks a key milestone in our plan to strategically expand the expertise available in our already highly skilled management team.