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.
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.
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 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 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 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 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 Q2 revenue up 20% to $462M; raises FY2023 guidance
Q2 revenue $462.1M (+20%); adjusted EBITDA $175.4M vs $144.1M.
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 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 Q1 2022 revenue up 8% to $209.6M; raises full-year guidance
Total enrollments up 11% YoY; new enrollments up 9%.
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 reports preliminary 2021 revenue ~$1.086B, guides 2022 revenue ~$1.18B
Q4 2021 revenue ~$295-297M, Adjusted EBITDA ~$57-60M.
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.
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