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Cambium Learning's (ABCD) CEO John Campbell on Q4 2017 Results - Earnings Call Transcript

Mar. 07, 2018 3:23 PM ETCambium Learning Group, Inc. (ABCD)
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Cambium Learning Group, Inc. (NASDAQ:ABCD) Q4 2017 Results Earnings Conference Call March 7, 2018 9:00 AM ET


Scott McWhorter - General Counsel and Corporate Secretary

John Campbell - Chief Executive Officer

Barbara Benson - Chief Financial Officer



Good day, ladies and gentlemen. And welcome to Cambium Learning Group Fourth Quarter 2017 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will have a question-and-answer session, and instructions will be given at that time. [Operator Instructions]

As a reminder, this conference call is being recorded. I would now like to turn the conference over to Scott McWhorter of Cambium’s General Counsel, please begin.

Scott McWhorter

Thank you. And welcome everyone to Cambium Learning Group’s fourth quarter 2017 earnings conference call. I am Scott McWhorter, Cambium’s General Counsel. With me today are John Campbell, Cambium Learning’s Chief Executive Officer; and Barbara Benson, Chief Financial Officer.

Statements made on this call including those during the question-and-answer session may contain forward-looking statements that are subject to risks and uncertainties. Please refer to the Safe Harbor statement included in today’s press release, as well as Cambium Learning Group’s periodic filings with the SEC for a complete discussion of the risks and uncertainties that could cause actual results to differ materially from those expressed today.

We will be discussing certain non-GAAP financial results, including adjusted EBITDA and cash income. The press release and Form 10-Q issued earlier today contain a reconciliation of these non-GAAP financial measures to the most comparable GAAP measures.

Because of the high percentage of amortization expense, deferred revenue and other non-cash non-operational items in our reported GAAP income, we report these non-GAAP measures as key performance metrics. Management believes these metrics help portray the underlying trajectory of the business and give you a view of operations

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