Laureate Education Q1 revenue +20% to $251.3M; raises full-year guidance

LAUREATE EDUCATION, INC.

2023-Q1 EPS reported -$0.17 revenue$251,255,000

Q1 revenue $251.3M (+20% YoY); operating income $15.6M vs $9.0M; net loss improved to $(26.8)M from $(44.7)M.
New enrollments +17% and total enrollments +8% YoY, driven by strong growth in Mexico and Peru.
Adjusted EBITDA $33.5M vs $27.2M; FY2023 guidance raised: revenue $1,412-$1,427M, Adjusted EBITDA $398-$406M.
Balance sheet strong: cash $130.6M, gross debt $266.2M, net debt $135.6M; 157.2M shares outstanding.

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 0.95

LAUREATE EDUCATION, INC. reported the quarter ended March 31, 2023 results: revenue $251.3 million, net income $(26.8) million, EPS $(0.17). Guidance raised.

Period: the quarter ended March 31, 2023
Revenue: $251.3 million
Net income: $(26.8) million
EPS: $(0.17)
Guidance: raised
Result: reported results

Exact text from the filing

Quarter 2023 Highlights (compared to first quarter 2022): • New enrollments increased 17%. • Total enrollments increased 8%. • On a reported basis, revenue increased 20% to $251.3 million. On an organic constant currency basis 1 , revenue increased 12%. • Operating income for the first quarter of 2023 was $15.6 million, compared to $9.0 million for the first

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Source: SEC EDGAR

accession 0001628280-23-015442

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