Scholastic Corporation (NASDAQ:SCHL) Q1 2025 Earnings Call Transcript September 26, 2024 4:30 PM ET

Company Participants

Jeffrey Mathews - EVP and Chief Growth Officer
Peter Warwick - President and CEO
Haji Glover - CFO and EVP

Conference Call Participants

Brendan McCarthy - Sidoti

Operator

Good day and thank you for standing by. Welcome to the Scholastic Reports Q1 Fiscal Year 2025 Results Conference Call. At this time, all participants are in a listen-only mode. Please be advised that today's conference is being recorded. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] I would now like to hand the conference over to your speaker today, Jeffrey Mathews.

Jeffrey Mathews

Hello and welcome everyone to Scholastic's fiscal 2025 first quarter earnings call. Today on the call, I'm joined by Peter Warwick, our President and Chief Executive Officer; and Haji Glover, our Chief Financial Officer and Executive Vice President. As usual, we have posted the accompanying investor presentation on our IR website at investor.scholastic.com, which you may download now if you have 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 reconciliations 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 a Form 8-K. This earnings release has also been posted to our Investor Relations website. We 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 email address investor_relations@scholastic.com.

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

Peter Warwick

Thank you, Jeff, and good afternoon everyone. Thanks for joining us. I'd like to start by congratulating Jeff on his appointment of Scholastic's first Chief Growth Officer. In this new role, Jeff will refine and implement Scholastic's long-term growth strategy in partnership with his peers on our management executive committee. He'll also continue to lead the company's investor relations and corporate development functions, as well as Scholastic's cross-company corporate sustainability and impact program. Jeff's deep knowledge of Scholastic and our industry, as well as 30-plus years of experience in strategy, M&A and investor relations, has already had a profound impact here since Jeff rejoined as the company has prioritized growth, capital allocation and long-term shareholder value. I'm thrilled to have Jeff now also leading the development and implementation of growth initiatives across Scholastic, building on the long-term growth strategy and targets he's helped us to create.