secwatch.observer — SEC 8-K summary
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Issuer:     LAUREATE EDUCATION, INC. (LAUR)
CIK:        0000912766
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0001193125-21-319301
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Laureate Education Reports Q3 2021 Results, Revenue Up 10%, Completes All Divestitures, Increases Full-Year Guidance
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- Q3 2021 revenue increased 10% to $267.7M, driven by higher enrollment in Peru; organic constant currency revenue up 13%.
- Net income for Q3 2021 was $360.1M, primarily driven by gain on sale of Walden University; Adjusted EBITDA rose to $75.9M from $50.4M.
- Completed all pending divestitures including Walden University; made $1.3B special dividend ($7.01/share) on October 29, 2021.
- Raised full-year 2021 guidance: revenues expected $1.075-$1.085B (8%-9% organic growth) and Adjusted EBITDA $247-$253M (34%-37% growth).
- New enrollments increased 15% and total enrollments up 16% for the nine months ended September 30, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912766/000119312521319301/0001193125-21-319301-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912766/000119312521319301/d241043d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-319301

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