Scholastic Corporation (NASDAQ:SCHL) Q3 2024 Earnings Conference Call March 21, 2024 4:30 PM ET

Company Participants

Jeffrey Mathews - Investor Relations
Peter Warwick - President and Chief Executive Officer
Haji Glover - Chief Financial Officer and Executive Vice President

Conference Call Participants

Brendan McCarthy - Sidoti

Operator

Good day. Thank you for standing by. Welcome to the Scholastic reports Q3 Fiscal Year 2024 Results Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded. I would now like to hand the conference over to your speaker today, Jeffrey Mathews.

Jeffrey Mathews

Welcome everyone to Scholastic’s fiscal 2024 third quarter earnings call. Today on the call, I am joined by Peter Warwick, our President and Chief Executive Officer and Haji Glover, our new Chief Financial Officer and Executive Vice President, who I am excited to welcome. As usual, we posted the accompanying investor presentation on our IR website at investor.scholastic.com, which you may download now if you’ve not already done so.

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 those measures to the most directly comparable GAAP measures may be found in the company’s earnings release and accompanying financial tables filed this afternoon on our Form 8-K.

This earnings release has also been posted to our Investor Relations website. I 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 our IR e-mail address, investors_relations@scholastic.com.

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

Peter Warwick

So, thanks Jeff and good afternoon everyone. We appreciate you joining us today. During the third quarter, Scholastic executed our long-term strategy for growth and impact while delivering value for our shareholders. In particular, we continue to prove our leadership in children’s publishing and media through a consistent and growing presence on bestsellers lists and advanced our 360-degree content creation strategy including with our recently announced agreement to acquire 100% of the economic interest in 9 Story Media Group, which I’ll discuss in a moment.