Highest-materiality recent filing
Laureate Q2 revenue up 17% to $615.9M; raises FY2026 guidance, adds $150M buyback
Q2 revenue $615.9M (+17% reported, +8% constant currency); net income $137.1M vs $97.4M; EPS $0.98.
Laureate Education stockholders approve 2026 Long-Term Incentive Plan and elect directors
Stockholders approved 2026 Long-Term Incentive Plan with 93.9% of votes cast in favor.
New enrollments +9%, total enrollments +6% YoY; revenue constant currency +1% due to calendar timing.
Laureate Q4 revenue up 28% to $541.4M; FY2025 adj. EBITDA $518.9M; $150M buyback boost
Q4 revenue $541.4M (+28% reported, +16% organic CC); adj. EBITDA $204.3M (+45% vs $141.1M).
Laureate Q3 revenue $400.2M (+9%), raises FY2025 guidance, adds $150M buyback
Q3 revenue $400.2M (+9% reported, +4% organic constant currency); Adjusted EBITDA $94.8M vs $91.4M a year ago.
Laureate Q2 revenue $524.2M (+5% reported, +10% organic); raises FY2025 guidance
Revenue $524.2M (+5% reported, +10% organic constant currency); Adjusted EBITDA $214.5M vs $186.9M YoY.
All 10 director nominees elected; Dr. Judith Rodin had 36,901,614 shares withheld, highest among nominees.
Laureate Q1 revenue $236.2M, adj EBITDA $5.4M; raises FY25 guidance midpoint
Revenue $236.2M (down 14% reported, -1% organic CC); operating loss $13.2M vs income $11.1M YoY.
Laureate Education Q4 EPS $0.62, Adj EBITDA $141.1M; guides 4-6% Adj EBITDA growth in 2025
Q4 revenue $423.4M (+3% reported, +10% organic constant currency); net income $93.6M vs $41.7M YoY.
Laureate Education amends CEO Eilif Serck-Hanssen's compensation; base salary $1M, one-time RSU $5M
Annual base salary increased to $1,000,000 effective January 1, 2025.
Laureate Education Q3 net income $85.3M, adj. EBITDA $91.4M, raises FY 2024 guidance
Q3 revenue $368.6M (+2% reported, +9% organic constant currency); op income $72.0M vs $58.7M.
Laureate Education Q2 revenue up 8% to $499M; EPS $0.83; guides FY revenue $1.55-$1.57B
Revenue $499.2M (+8% YoY); operating income $166.6M vs $154.5M.
Laureate Education appoints new Chair, grants $5M retention RSUs to CFO and COO
Andrew B. Cohen appointed Chair of Board, effective Sept 10, 2024, succeeding Kenneth W. Freeman.
Laureate repurchases 2.1M shares at $14.64 from Snow Phipps under existing buyback
Purchased 2,114,928 shares of common stock at $14.64 each from Snow Phipps entities.
Laureate Q1 revenue up 10% to $275.4M; net loss narrows; raises FY2024 guidance
Revenue $275.4M (+10% reported, +1% organic constant currency); total enrollments +5% vs prior year.
Laureate Education repurchases 2.6M shares for $32.9M under existing buyback program
Agreement to buy 2,606,507 shares from multiple sellers at $12.62/share.
Chief Legal Officer Richard Sinkfield to depart June 30; Leslie Brush named successor
Richard H. Sinkfield III, Chief Legal Officer and Chief Ethics & Compliance Officer, to leave on or about June 30, 2024.
Laureate Education Q4 revenue up 18% to $409.4M, Adj EBITDA $131.3M; announces $100M buyback
Q4 revenue $409.4M (+18% reported, +10% organic constant currency); net income $41.7M ($0.26 EPS).
Laureate Education enters new employment agreement with CEO Eilif Serck-Hanssen
CEO Eilif Serck-Hanssen receives $850k base salary, 130% target bonus, $600k equity grant (50% RSU/50% PSU).
Laureate Q3 revenue $361.5M (+20%), EPS $0.23, declares $0.70 special dividend
Q3 revenue $361.5M (+20% reported, +8% organic constant currency); net income $36.0M vs $31.0M.
Laureate Education adds $155M Series 2028 revolving tranche, total facility $300M
Added $155M Series 2028 Tranche; total revolver $300M ($145M maturing Oct 2024).
Laureate Q2 revenue up 20% to $462M; raises FY2023 guidance
Q2 revenue $462.1M (+20%); adjusted EBITDA $175.4M vs $144.1M.
All nine director nominees elected; Dr. Judith Rodin received ~101M for vs ~29.8M withheld.
Laureate Education Q1 revenue +20% to $251.3M; raises full-year guidance
Q1 revenue $251.3M (+20% YoY); operating income $15.6M vs $9.0M; net loss improved to $(26.8)M from $(44.7)M.
Laureate Education Q4 revenue $346.3M (+17% YoY); Adj EBITDA $94.8M; 2023 outlook $1.37-1.40B
Q4 revenue $346.3M (+17% reported, +13% organic constant currency); operating income $78.0M vs $(11.0)M loss.
KKR sells 32.8M shares in secondary offering; Laureate repurchases 7.97M shares at $9.41 each
KKR sold 32,842,183 shares at $9.40875 per share; Laureate repurchased 7,971,303 of those at same price.
Laureate Education raises FY2022 guidance; Q3 revenue up 12% to $301M
Q3 revenue $301M (+12% YoY); operating income $56.3M vs $35.1M; net income $31M ($0.19 EPS).
Laureate Education approves special cash dividend of $0.68 per share (~$112M total)
Special dividend of $0.68/share declared, payable Nov 17, 2022 to holders of record Nov 4, 2022.
Removed 'change in duties' trigger from modified good reason; CEO gets 10-month resignation window starting April 7, 2024.
Laureate Education to pay $0.83/share special distribution on Oct 12, 2022; provides tax details
Special cash distribution of $0.83 per share; aggregate amount approximately $137 million based on record date shares.
Laureate Education declares special $0.83/share distribution from Walden sale proceeds
Special cash distribution of $0.83 per share, record date Sep 28, payable Oct 12, 2022.
Laureate Q2 revenue +18% to $385.4M; raises FY22 guidance on strong enrollment
Q2 net income $43.6M vs. net loss $(29.2)M a year ago; diluted EPS $0.25.
Laureate Education announces 2022 annual meeting results; all directors elected, say-on-pay approved
Nine directors elected; Andrew Cohen 98.9%, William Cornog 84.3%, Pedro del Corro 98.9% votes for.
Laureate Education Q1 2022 revenue up 8% to $209.6M; raises full-year guidance
Total enrollments up 11% YoY; new enrollments up 9%.
Laureate Education CHRO Timothy Grace to depart April 8 as transformation efforts complete
Timothy P. Grace, Chief Human Resources Officer and named exec, leaving April 8, 2022.
Laureate Education Q4 rev $296.7M, adj EBITDA $60.7M; FY22 guide rev up 8-10%
Revenue $296.7M in Q4 2021 (+4% reported, +10% organic constant currency); operating loss of $11.0M vs income $36.9M.
Laureate Education awards $400k cash bonus to CHRO Timothy Grace for 2021 transformation efforts
Awarded to Timothy Grace, Chief Human Resources Officer and named executive officer.
Laureate Education reports preliminary 2021 revenue ~$1.086B, guides 2022 revenue ~$1.18B
Q4 2021 revenue ~$295-297M, Adjusted EBITDA ~$57-60M.
All outstanding Class A and Class B shares automatically converted into common stock on Oct 29, 2021, with one vote per share.
Laureate Education announces special cash distribution of $0.58 per share, totaling ~$105 million
Board approves special cash distribution of $0.58 per share; payable Dec 28, 2021 to holders of record Dec 14, 2021; aggregate ~$105M.
Q3 2021 revenue increased 10% to $267.7M, driven by higher enrollment in Peru; organic constant currency revenue up 13%.
Laureate eliminates dual-class stock, loses controlled company status after Wengen redemption
Wengen investors redeemed interests for shares; Class B fell below 15%, triggering automatic conversion of all Class A & B into single common stock class.
Laureate approves $3.33M executive bonuses; sets due bill for $7.01 special dividend
CEO Eilif Serck-Hanssen receives $2M bonus; CFO Richard Buskirk and CLO Richard Sinkfield each receive $666,667.
Special cash distribution of $7.01 per share; record date Oct 6, 2021; payable Oct 29, 2021.
Laureate Education closes $1.48B sale of Walden Group to Adtalem
Total cash purchase price $1,480M; net proceeds after transaction costs ~$1,649M.
Laureate raises FY 2021 guidance after strong Q2; revenue up 8%, Adj EBITDA +14%
Q2 revenue $327.6M (+8% reported, +9% organic constant currency); operating income $57.7M vs $29.1M.
Laureate and Adtalem amend Walden University sale; waive termination rights over DOE letter
U.S. DOE notification dated June 23, 2021 to Walden University deemed a DOE Preacquisition Response under amended agreement.
Leslie S. Brush will succeed Mr. Sinkfield in the role of Chief Legal Officer effective as of April 1, 2024.
Richard H. Sinkfield III, Chief Legal Officer and Chief Ethics & Compliance Officer, will leave the Company on or about June 30, 2024.
Accordingly, on November 17, 2022, Mr. William Cornog, the director previously designated by KKR pursuant to the Securityholders Agreement, submitted his resignation as a director of the Company, effective as of the closing date of the Secondary Offering, November 22, 2022.
On February 25, 2022, Laureate Education, Inc. (the “Company”) announced that Timothy P. Grace, Chief Human Resources Officer and a named executive officer, will depart the Company on April 8, 2022 as a result of the completion of certain organization transformation efforts.
On August 11, 2021, the Company and Paula Singer, CEO, Walden and Laureate Online Partners, agreed to the termination of the previously disclosed April 2020 Special Retention/Transaction Bonus, Equity Awards and Severance Policy Letter Agreement between Ms. Singer and the Company.
Max materiality 0.90 · Median 0.70 · Most common event earnings