TAL Education Group (NYSE:TAL) Q3 2024 Earnings Conference Call January 25, 2024 7:00 AM ET

Company Participants

Jackson Ding - IR Director

Alex Peng - President & CFO

Conference Call Participants

Timothy Zhao - Goldman Sachs

Eddy Wang - Morgan Stanley

Felix Liu - UBS

Caini Wang - CICC

Yiwen Zhang - China Renaissance

Operator

Ladies and gentlemen, good day, and thank you for standing by. Welcome to TAL Education Group's Third Quarter of Fiscal Year 2024 Earnings Conference Call. At this time all participants are in 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 would now like to hand the conference over to Mr. Jackson Ding, Investor Relations Director. Thank you. Please go ahead, sir.

Jackson Ding

Thank you. And thank you all for joining us today for TAL Education Group's third quarter fiscal year 2024 earnings conference call. The earnings release was distributed earlier today and you may find a copy on the company's 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 today’s discussions will contain forward-looking statements made under the Safe Harbor provisions of the U.S. 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 our 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 in this call includes 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 would like to now turn the call over to Mr. Alex Peng. Alex, please go ahead.

Alex Peng

Thank you, Jackson. I'd also like to thank all of you for participating in today's conference call. During this call, we'll review our financial performance and business progress in the third quarter of the fiscal year 2024. After that, I will share our thoughts for the next quarter's outlook.

Throughout this fiscal quarter, we continue to manage our core businesses, while concurrently exploring additional opportunities for development. We’ve witnessed learning services continuing on its development trajectory, enabling learners’ growth and development with our enrichment learning programs, both online and offline. The advancement of learning services is underpinned by our execution on the quality of our service offerings, and the capacity of our learning center network.