Laureate Q2 revenue +18% to $385.4M; raises FY22 guidance on strong enrollment

LAUREATE EDUCATION, INC.

2022-Q2 EPS reported $0.00 revenue$594,944,000

Q2 net income $43.6M vs. net loss $(29.2)M a year ago; diluted EPS $0.25.
Adjusted EBITDA $144.1M, up 35% from $107.1M in Q2 2021.
Total enrollments +11% for first six months; new enrollments also +11%.
FY22 guidance raised: revenue $1,206M-$1,218M, Adjusted EBITDA $329M-$337M.
Cash $157M, gross debt $139M; $74M Walden escrow due in Aug 2022.

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