Bright Scholar Education Holdings Limited (NYSE:BEDU) Q1 2024 Earnings Call Transcript
Bright Scholar Education Holdings Limited (NYSE:BEDU) Q1 2024 Earnings Call Transcript February 6, 2024
Bright Scholar Education Holdings Limited isn't one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here).
Operator: Good morning, and thank you for standing by for Bright Scholar's First Fiscal Quarter of Fiscal 2024 Earnings Conference Call. [Operator Instructions]. Today’s conference is being recorded. I would now like to turn the meeting over to your host for today's conference, Ms. Ruby Yim, Investor Relations Counsel. Please go ahead.
Ruby Yim: Thank you, Operator. Good morning and good evening everyone. I would like to welcome to Bright Scholar's First Fiscal Quarter 2024 ended November 30, 2023 Earnings Call. With me today on the call are Mr. Robert Niu, our Chief Executive Officer and Ms. Cindy Hui Zhang our Chief Financial Officer. The agenda today is Robert will start the call with an update on progress of our strategic initiatives to be followed by a business performance in first fiscal quarter and strategic priorities in fiscal year 2024. Before Cindy to walk you through our key financial performance, we will then open the call for questions. As a reminder, today's conference call is being broadcast live via webcast. In addition, a replay will be available on our website following the call.
By now, you should have received a copy of our press release that was distributed on February 5th, 2024 after market closes Eastern Time. If you have not, it is available on the IR section of our website. Before we get started, let me remind you that today's call may contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended and as defined in the U.S. Privacy Securities Litigation Reform Act of 1995. These forward-looking statements include without limitation the company's business plans and development, which can be identified by terminology such as may, will, expect, anticipate, aim, estimate, intend, plan, believe, potential, continue, is or are likely to or are the similar structures.
Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the company's control, which may cause the company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding this and other risks, uncertainties or factors is included in the company's filings with the U.S. Securities and Exchange Commission. The company does not undertake any obligations to update any forward-looking statement as a result of new information, due to events or otherwise, except required under law.
During this call, we'll be referring to GAAP and non-GAAP financial measures. We use certain non-GAAP measures as supplemental measures to review and assess our operating performance. These non-GAAP financial measures have limitations as analytical tools and investors should not consider them in isolation or as a substitute for net income attributable to company or other consolidated statements of comprehensive income data prepared in accordance with U.S. GAAP. Please note, all numbers in our management remarks are in R&D and all comparisons refer to year-over-year comparisons, unless otherwise stated. You can download a copy of our earnings presentation on our IR web page. With that note, I'll turn the call over to our CEO. Robert, please go ahead.
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