Laureate Education Q4 revenue up 18% to $409.4M, Adj EBITDA $131.3M; announces $100M buyback

LAUREATE EDUCATION, INC.

2023-FY EPS reported $0.68 revenue$1,484,288,000

Q4 revenue $409.4M (+18% reported, +10% organic constant currency); net income $41.7M ($0.26 EPS).
FY2023 revenue $1,484.3M (+19% reported); Adj EBITDA $418.6M vs $338.9M in 2022.
New enrollments up 10% YoY; total enrollments up 6% to ~450k.
Board authorized $100M share repurchase program; special dividend of $110.2M paid Nov 2023.
FY2024 guidance: revenue $1,553M-$1,568M (+5-6%); Adj EBITDA $441M-$451M (+5-8%).

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 0.9

LAUREATE EDUCATION, INC. reported the year ended December 31, 2023 results: revenue $1,484.3 million, net income $107.3 million, EPS $0.69 and $0.68, respectively.

Period: the year ended December 31, 2023
Revenue: $1,484.3 million
Net income: $107.3 million
EPS: $0.69 and $0.68, respectively
Result: reported results

Exact text from the filing

For the full-year 2023, revenue on a reported basis was $1,484.3 million, an increase of $242.0 million, or 19%, compared to 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LAUREATE EDUCATION, INC. reported the fourth quarter of 2023 results: revenue $409.4 million, net income $41.7 million, EPS $0.26 per share.

Period: the fourth quarter of 2023
Revenue: $409.4 million
Net income: $41.7 million
EPS: $0.26 per share
Result: reported results

Exact text from the filing

For the fourth quarter of 2023, revenue on a reported basis was $409.4 million, an increase of $63.1 million, or 18%, compared to the fourth quarter of 2022.

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LAUREATE EDUCATION, INC. filing history →

Source: SEC EDGAR

accession 0001628280-24-006140

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