The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Brendan McCarthy - Sidoti & Company - Analyst
: I just wanted to start out at the segment margin level, specifically the Entertainment segment. I'm wondering if you could walk us through some
of the dynamics and factors that drive margins in that new Entertainment segment? And what kind of drove segment operating loss for this recent
quarter?
Question: Brendan McCarthy - Sidoti & Company - Analyst
: Good, Haji. How are you?
Question: Brendan McCarthy - Sidoti & Company - Analyst
: Got it. That makes sense. And then as a follow-up with the -- sorry, go ahead.
Question: Brendan McCarthy - Sidoti & Company - Analyst
: Got it. Just as a follow-up for the Entertainment segment, the Dog Man movie that's due to come out in January 2025. What kind of role did 9 Story
play in that production or distribution there? And maybe you could just kind of walk us through how that worked its way through the Entertainment
business?
Question: Brendan McCarthy - Sidoti & Company - Analyst
: Got it. That makes sense. And then more of a broad question here on the Education Solutions side of the business, and as it relates to the incoming
Trump administration, just I guess just curious as to what's your base case for any funding changes there. I know that Trump has mentioned
potentially eliminating the Department of Education. Just curious as base case as to what changes we might see and ultimately how that will impact
the business and spending?
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DECEMBER 19, 2024 / 9:30PM, SCHL.OQ - Q2 2025 Scholastic Corp Earnings Call
Question: Brendan McCarthy - Sidoti & Company - Analyst
: Great. That's helpful. And then on the state literacy partnerships, I think you mentioned in the remarks, you're pretty optimistic about the outlook
there for the rest of the fiscal year. Maybe you could talk about what's driving that optimism?
Question: Brendan McCarthy - Sidoti & Company - Analyst
: Got it. And one more question for me, just on the capital allocation priorities. Haji, I think you mentioned strengthening the balance sheet is kind
of second in line there. How can we kind of think about leverage for where it stands now relative to your goals for leverage or where you would
ultimately want leverage to fall long term?
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