John Wiley & Sons, Inc. (NYSE:WLY) Q4 2024 Earnings Conference Call June 13, 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, Research & Learning

Conference Call Participants

Daniel Moore - CJS Securities
Nick Dempsey - Barclays

Operator

Good morning, and welcome to Wiley's Q4 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 & Learning.

Note that our comments and responses 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 provides non-GAAP measures as a supplement to evaluate underlying operating profitability and performance trends. These measures do not have standardized meanings prescribed by US 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 webpage at investors.wiley.com.

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

Matt Kissner

Thank you, Brian, and thank you, everyone, for joining us today.

What a difference a year makes. Today we look forward with renewed confidence and optimism as a leaner and stronger Wiley. We are executing with much greater discipline and rigor, we have met and exceeded our stated commitments, and we are seeing strong momentum in our businesses and value creation activities.

I'll start by reviewing how we did against our objectives and provide an update on the emerging and exciting GenAI opportunities in front of us. I'll walk through our fourth quarter and full year performance and then review our momentum heading into fiscal '25. Christina will walk through our value creation plan progress, reinvestments, segment performance and fiscal '25 outlook. After summarizing, we'll open it up for questions. Jay Flynn will be joining us as well.