John Wiley & Sons, Inc. (NYSE:WLY) Q2 2025 Earnings Conference Call December 5, 2024 10:00 AM ET

Company Participants

Brian Campbell - Vice President of Investor Relations
Matthew Kissner - President and Chief Executive Officer
Christopher Caridi - Interim Chief Financial Officer
Jay Flynn - Executive Vice President and General Manager, Research and Learning

Conference Call Participants

Daniel Moore - CJS Securities

Operator

Good morning, and welcome to Wiley’s Q2 Fiscal 2025 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 hello, everyone. I’m with Matt Kissner, Wiley’s President and CEO; Christopher Caridi, Interim CFO; and Jay Flynn, Executive Vice President and General Manager of Research and 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. 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 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 divested 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.

Matthew Kissner

Thank you, Brian, and hello, everyone.

At the midpoint of the year, we’re pleased with our continued progress. Our revenue and profit performance are in-line with our expectations, our investments are starting to pay off, and we remain confident in our full-year trajectory.

We’re working to deliver compounding growth and material margin expansion over time. Our knowledge businesses remain recession tolerant, our balance sheet and cash flow remain core strengths, and we’re starting to see AI related tailwinds.

I know you may have questions about the political environment in the U.S. It’s too early to speculate on any impact, positive or negative that a new administration could have. I’ll just say this, scientific exchange and global R&D investment have always risen above the changing political tides given their vital importance to economic growth and quality of life.