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Houghton Mifflin Harcourt's (HMHC) CEO John Lynch on Q3 2017 Results - Earnings Call Transcript

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Houghton Mifflin Harcourt (NASDAQ:HMHC) Q3 2017 Results Earnings Conference Call November 2, 2017 8:30 AM ET


Brian Shipman - SVP, IR

John Lynch - President & CEO

Joe Abbott - CFO


Drew Crum - Stifel

Jeff Silber - BMO Capital Markets

Peter Appert - Piper Jaffray

Bill Warmington - Wells Fargo


Good morning, and welcome to Houghton Mifflin Harcourt's Third Quarter 2017 Earnings Call. I would like to inform you that this call is being recorded. [Operator Instructions] I would now like to introduce Brian Shipman, Senior Vice President of Investor Relations for Houghton Mifflin Harcourt. Mr. Shipman, you may begin.

Brian Shipman

Thank you, Chelsea, and good morning, everyone. Before we begin, I would like to point out that the slides referred to on today's call can be accessed via the Investor Relations section of the Houghton Mifflin Harcourt website at hmhco.com. A replay of today's call will be available until November 10, 2017, and a webcast will be available on our website for one year. Our 10-Q was also filed earlier this morning, along with our third quarter 2017 earnings release.

Before we discuss our results, I encourage you to review the cautionary statement on Slide 2, which explains the risks and forward-looking statements and the use of non-GAAP financial measures in the slide presentation and on today's call. Please also refer to our most recent Forms 10-K and 10-Q for a discussion of factors that could cause actual results to differ materially from these forward-looking statements. In addition, please refer to the appendix of the slide presentation for reconciliations of these non-GAAP measures to the most directly comparable GAAP measures.

After our prepared remarks, we will open the call to questions from investors. During the Q&A, please limit yourself to one question plus one follow-up. You may get

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