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September 10, 2012 10:00 am ET
Stephen M. Smith - Chief Executive officer, President and Director
Ellis E. Cousens - Chief Financial & Operations Officer and Executive Vice President
Daniel Moore - CJS Securities, Inc.
Andrew E. Crum - Stifel, Nicolaus & Co., Inc., Research Division
Michael Corty - Morningstar Inc., Research Division
Ian Whittaker - Liberum Capital Limited, Research Division
Welcome to the John Wiley & Sons Quarterly Earnings Conference Call. Before introducing Steve Smith, President and Chief Executive Officer, I would like to remind you this call is being recorded and may include forward-looking statements. You should not rely on such statements, as actual results may differ materially and are subject to factors that are discussed in the detail in the company's 10-K and 10-Q filings with the SEC. The company does not undertake any obligations to update or revise forward-looking statements to reflect subsequent events or circumstances.
Mr. Smith, please go ahead.
Stephen M. Smith
Good morning. Thank you for participating in Wiley's Fiscal Year 2013 First Quarter Investor Conference Call. And with us are Ellis Cousens, Executive Vice President and Chief Financial Operations Officer; and Brian Campbell, Director of Investor Relations. I'll take a few moments to provide an overview of Wiley's performance in the first quarter and we will then respond to your questions and comments. When we review Wiley's performance, we'll refer to financial variations, excluding the effect of foreign exchange unless otherwise noted.