Stride, Inc. (NYSE:LRN) Q2 2024 Earnings Conference Call January 23, 2024 5:00 PM ET

Company Participants

Timothy Casey - VP, IR

James Rhyu - CEO

Donna Blackman - CFO

Conference Call Participants

Greg Parrish - Morgan Stanley

Jeff Silber - BMO Capital Markets

Stephen Sheldon - William Blair

Alex Paris - Barrington

Operator

Ladies and gentlemen, thank you for standing by. I would like to welcome everyone to the Stride, Inc. Conference Call. At this time, 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. I will now hand the call over to Mr. Tim Casey, Vice President of Corporate Development and Investor Relations. You may begin your conference.

Timothy Casey

Thank you, and good afternoon. Welcome to Stride's Second Quarter Earnings Call for Fiscal Year 2024. 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 these measures is provided in the earnings release issued this afternoon and can also be found on our Investor 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 will answer any questions you may have.

I'll now turn the call over to James. James?

James Rhyu

Thanks, Tim. Good afternoon. In November, during our Investor Day, we discussed the opportunities for our business and laid out our strategy to deliver what we believe will be market-leading returns. I discussed how increasing uncertainty and volatility in chaos in our country has and will continue to increase demand for our offerings.

Our second quarter results speak for themselves and demonstrate the macro trends are behind us. Our strategy is getting to play out and we are executing better. The year began with some uncertainty regarding the trend we might see in-year given the volatility over the past few years. We have been convinced that the market has moved in our direction and that we were not going to fall back to pre-pandemic levels, but there still remains a question of whether we could surpass those pandemic highs.