earnings
confidence high
sentiment positive
materiality 0.80
Laureate Education Q3 net income $85.3M, adj. EBITDA $91.4M, raises FY 2024 guidance
LAUREATE EDUCATION, INC.
2024-Q3 EPS reported
$1.31
revenue$1,143,248,000
- Q3 revenue $368.6M (+2% reported, +9% organic constant currency); op income $72.0M vs $58.7M.
- Net income $85.3M includes $37.9M discrete tax benefit; adj. EBITDA $91.4M vs $78.4M.
- Nine-month new enrollments +4%, total enrollments +5%; full-year total expected ~470,000 students.
- FY 2024 guidance raised: revenue $1,551M-$1,556M (5% reported, 7% organic CC); adj. EBITDA $447M-$451M.
- New $100M share repurchase program approved; prior $100M program completed in Q3.