earnings
confidence high
sentiment positive
materiality 0.80
Laureate raises FY 2021 guidance after strong Q2; revenue up 8%, Adj EBITDA +14%
LAUREATE EDUCATION, INC.
2022-Q2 EPS reported
-$0.99
revenue$522,280,000
- Q2 revenue $327.6M (+8% reported, +9% organic constant currency); operating income $57.7M vs $29.1M.
- Adjusted EBITDA $107.1M vs $94.1M; net loss $(29.2)M includes $77.9M loss on debt extinguishment.
- Six-month new enrollments +13%, total enrollments +9%; Peru enrollments +18%.
- FY 2021 guidance raised: revenue $1,025-$1,065M; Adjusted EBITDA $205-$215M.
- Cash $533M, gross debt $179M; expects ~$1.3B net proceeds from Walden sale.