Scholastic CEO Discusses F1Q2011 Results - Earnings Call Transcript

Scholastic Corporation (NASDAQ:SCHL) F1Q2011 Earnings Call Transcript September 23, 2010 8:30 AM ET

Executives

Jeff Matthews – VP, Corporate Strategy, Business Development and IR
Richard Robinson – Chairman, President and CEO
Maureen O'Connell – EVP, CFO and Chief Administrative Officer
Judith Newman – EVP and President, Book Clubs
Ellie Berger – President, Trade Publishing
Margery Mayer – EVP and President, Scholastic Education
Deborah Forte – EVP and President, Scholastic Media

Analysts

Drew Crum – Stifel Nicolaus
Barry Lucas – Gabelli & Company

Operator

Good day ladies and gentlemen, and welcome to the Scholastic’s fiscal 2011 first quarter earnings conference call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will be given at that time. (Operator instructions) As a reminder, today’s conference call is being recorded.

I would now like to turn the conference over to your host, Mr. Jeff Matthews, Vice President of Corporate Strategy, Business Development, and Investor Relations. Please go ahead.

Jeff Matthews

Thank you Ellie, and good morning everyone. Before we begin, I would like to point out that the slides for this presentation are available for simultaneous viewing by going to our Website, Scholastic.com, clicking on the Investor Relations, and following the links on that page.

I also like to note that this presentation contains certain forward-looking statements which are subject to various risks and uncertainties, including the conditions of the Children’s Books and Educational Materials markets, and acceptance of the company’s products in those markets, and other risk and factors identified from time to time in the company’s filings with the Securities and Exchange Commission. Actual results could differ materially from those currently anticipated.

Now I will introduce Dick Robinson, the Chairman, CEO, and President of Scholastic to begin our call.

Richard Robinson

Thank