Stride, Inc. (NYSE:LRN) Q4 2024 Earnings Conference Call August 6, 2024 5:00 PM ET

Company Participants

Timothy Casey - Vice President of Investor Relations
James Rhyu - Chief Executive Officer
Donna Blackman - Chief Financial Officer

Conference Call Participants

Gregory Parrish - Morgan Stanley
Jeffrey Silber - BMO Capital Markets
Patrick McIlwee - William Blair & Co.

Operator

Good afternoon, and welcome to the Stride Fourth Quarter Fiscal 2024 Earnings Call. Please note that this call is being recorded. 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]

I will now turn the call over to Timothy Casey, Vice President of Investor Relations. You may begin your conference.

Timothy Casey

Thank you, and good afternoon. Welcome to Stride's fourth quarter and year-end earnings call for fiscal 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 of 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 will now turn this call over to James. James?

James Rhyu

Thanks, Tim, and good afternoon, everyone. I started this year by talking about my belief that Stride can change the future of education. I outlined some of the macro trends in our country precipitating the need for change. Throughout the year, we've continued to see these trends play out. High parent dissatisfaction and surveys showing over 70% of families considering changing schools over the past 12 months. And we continue to see students reconsidering the traditional college pathway in favor of a more skills-based education.