Laureate Q3 revenue $361.5M (+20%), EPS $0.23, declares $0.70 special dividend

LAUREATE EDUCATION, INC.

2023-Q3 EPS reported $0.42 revenue$1,074,855,000

Q3 revenue $361.5M (+20% reported, +8% organic constant currency); net income $36.0M vs $31.0M.
Q3 Adjusted EBITDA $78.4M vs $72.8M; operating income $58.7M vs $56.3M.
Nine-month new enrollments +9%, total enrollments +6%; FY2023 guidance ~447,000 students.
Board declares special cash dividend of $0.70/share (~$110M aggregate), payable Nov 30, 2023 to holders of record Nov 15, 2023.
FY2023 guidance: revenue $1,457M-$1,465M, Adj EBITDA $410M-$416M, organic constant currency revenue growth 10%.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LAUREATE EDUCATION, INC. reported the nine months ended September 30, 2023 results: revenue $1,074.9 million, net income $65.5 million, EPS $0.42. Guidance reaffirmed.

Period: the nine months ended September 30, 2023
Revenue: $1,074.9 million
Net income: $65.5 million
EPS: $0.42
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Highlights (compared to nine months ended September 30, 2022): • New enrollments increased 9%. • Total enrollments increased 6%. • On a reported basis, revenue increased 20% to $1,074.9 million. On an organic constant currency basis 1 , revenue increased 11%. • Operating income for the nine months ended September 30, 2023 was $228.8 million, compared to operating income

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LAUREATE EDUCATION, INC. reported the quarter ended September 30, 2023 results: revenue $361.5 million, net income $36.0 million, EPS $0.23. Guidance reaffirmed.

Period: the quarter ended September 30, 2023
Revenue: $361.5 million
Net income: $36.0 million
EPS: $0.23
Guidance: reaffirmed
Result: reported results

Exact text from the filing

has declared a special cash dividend of $0.70 per common share. Third Quarter 2023 Highlights (compared to third quarter 2022): • On a reported basis, revenue increased 20% to $361.5 million. On an organic constant currency basis 1 , revenue increased 8%. • Operating income for the third quarter of 2023 was $58.7 million, compared to operating income of $56.3 million

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Source: SEC EDGAR

accession 0001628280-23-036191

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