Laureate Education raises FY2022 guidance; Q3 revenue up 12% to $301M

LAUREATE EDUCATION, INC.

2022-Q3 EPS reported $0.17 revenue$895,943,000

Q3 revenue $301M (+12% YoY); operating income $56.3M vs $35.1M; net income $31M ($0.19 EPS).
New enrollments up 13% YTD; total enrollments up 10% to 420-423k expected for FY2022.
FY2022 guidance raised: revenue $1,223-1,231M and Adjusted EBITDA $331-337M (growth 31-33%).
Paid special distribution $0.83/share in Oct; paying special dividend $0.68/share on Nov 17.
Cash $319M, gross debt $127.2M, net cash $191.9M as of Sep 30.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

LAUREATE EDUCATION, INC. reported the nine months ended September 30, 2022 results: revenue $895.9 million, net income $29.9 million, EPS $0.17. Guidance raised.

Period: the nine months ended September 30, 2022
Revenue: $895.9 million
Net income: $29.9 million
EPS: $0.17
Guidance: raised
Result: reported results

Exact text from the filing

(compared to nine months ended September 30, 2021): • New enrollments increased 13%. • Total enrollments increased 10%. • On a reported basis, revenue increased 13% to $895.9 million. On an organic constant currency basis 1 , revenue increased 13%. • Operating income for the nine months ended September 30, 2022 was $192.0 million, compared to $6.4 million for

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

LAUREATE EDUCATION, INC. reported the quarter ended September 30, 2022 results: revenue $301.0 million, net income $31.0 million, EPS $0.19. Guidance raised.

Period: the quarter ended September 30, 2022
Revenue: $301.0 million
Net income: $31.0 million
EPS: $0.19
Guidance: raised
Result: reported results

Exact text from the filing

for the third quarter and nine months ended September 30, 2022. Third Quarter 2022 Highlights (compared to third quarter 2021): • On a reported basis, revenue increased 12% to $301.0 million. On an organic constant currency basis 1 , revenue increased 11%. • Operating income for the third quarter of 2022 was $56.3 million, compared to $35.1 million for the third

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LAUREATE EDUCATION, INC. filing history →

Source: SEC EDGAR

accession 0001628280-22-027961

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