Loading...
•
Sep 30, 2023
Laureate Q3 2023 Earnings Report
Reported a 20% increase in revenue to $361.5 million, with operating income at $58.7 million and net income at $36.0 million.
Key Takeaways
Laureate Education reported strong third-quarter results, with revenue increasing by 20% to $361.5 million. Operating income increased to $58.7 million, and net income rose to $36.0 million. The company also announced a special cash dividend of $0.70 per common share.
Revenue increased 20% to $361.5 million.
Operating income was $58.7 million, compared to $56.3 million.
Net income was $36.0 million, compared to $31.0 million.
Adjusted EBITDA was $78.4 million, compared to $72.8 million.
Laureate
Laureate
Forward Guidance
Laureate is updating its full-year 2023 guidance, reflecting a narrower range on an organic constant currency basis as well as the impact of weaker foreign currency rates.
Positive Outlook
- Total enrollments are now expected to be approximately 447,000 students, reflecting growth of approximately 6% versus 2022
- Revenues are now expected to be in the range of $1,457 million to $1,465 million, reflecting growth of 17%-18% on an as-reported basis and 10% on an organic constant currency basis versus 2022
- Adjusted EBITDA is now expected to be in the range of $410 million to $416 million, reflecting growth of 21%-23% on an as-reported basis and 14%-16% on an organic constant currency basis versus 2022.