New Oriental Education & Technology Group Inc.'s (EDU) Q3 2022 Results - Earnings Call Transcript

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New Oriental Education & Technology Group Inc. (NYSE:EDU) Q3 2022 Earnings Conference Call April 26, 2022 8:00 AM ET

Company Participants

Sisi Zhao - Director, Investor Relations

Stephen Yang - Executive President and Chief Financial Officer

Conference Call Participants

Felix Liu - UBS

DS Kim - J.P. Morgan

Lucy Yu - Bank of America

Liping Zhao - CICC

Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to help you navigate the audio should the corresponding text be unclear. The machine-assisted output provided is partly edited and is designed as a guide.

Operator

00:02 Good evening and thank you for standing by for New Oriental’s FY 2022 Third Quarter Results Earnings Conference Call. At this time, all participants are in a listen-only mode. After managements' prepared remarks, there will be a question-and-answer session. Today’s conference is being recorded. If you have any objections, you may disconnect at this time.

00:26 I now like to turn the meeting over to your host for today’s conference, Ms. Sisi Zhao.

Sisi Zhao

00:32 Thank you. Hello everyone, and welcome to New Oriental’s third fiscal quarter 2021 earnings conference call. Our financial results for the periods were released earlier today and are available on the company’s website, as well as on Newswire Services. Today, you will hear from Stephen Yang, Executive President and Chief Financial Officer. After his prepared remarks, Stephen and I will be available to answer your questions.

00:58 Before we continue, please note that the discussion today will contain forward-looking statements made under the Safe Harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, our results may be materially different from the views expressed today.

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