John Wiley & Sons, Inc. (NYSE:WLY) Q3 2024 Earnings Conference Call March 7, 2024 10:00 AM ET

Company Participants

Brian Campbell - Vice President, Investor Relations

Matt Kissner - Interim President & Chief Executive Officer

Christina Van Tassell - Executive Vice President & Chief Financial Officer

Jay Flynn - Executive Vice President & General Manager of Research & Learning

Conference Call Participants

Pete Lukas - CJS Securities

Operator

Good morning and welcome to Wiley's Q3 Fiscal 2024 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

Thank you and welcome everyone. With me today are Matt Kissner, Wiley's Interim President and CEO; Christina Van Tassell, Executive Vice President and CFO; and Jay Flynn, Executive Vice President and General Manager of Research and Learning.

Note that our comments and responses to your questions reflect management's views as of today and will include forward-looking statements. Actual results may differ materially from those statements. The company does not undertake any obligation to update them to reflect subsequent events or circumstances.

Also Wiley provide 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 held-for-sale assets and the impact of currency.

Additional information is included in our filings with the SEC. A copy of this presentation and transcript will be available on our Investor Relations web page at investors.wiley.com.

I'll now turn the call over to Matt Kissner.

Matt Kissner

Thank you, Brian and hello everyone. I am fighting a bit of a cold this morning, so if I sound muted, you'll understand why.

Let me start by saying we're seeing marked improvement as we enter the home stretch of this transition year. I'll talk about our overall progress to-date, review our third quarter performance, and recap our recent investor event. I'll also provide some additional color on how we view the evolving AI opportunity.

Christina will walk through our VCP progress, segment performance, and full year outlook. We'll then open it up for questions and Jay will be joining us as well.