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Dec 31, 2019
Laureate Q4 2019 Earnings Report
Reported strong performance and made significant progress on strategic priorities, including margin expansion initiatives.
Key Takeaways
Laureate Education reported strong Q4 2019 performance with revenue of $883.2 million and operating income increasing by 15% to $155.3 million. Net income was $60.6 million and Adjusted EBITDA was $243.6 million, up 11% compared to Q4 2018.
Revenue in the fourth quarter of 2019 was $883.2 million, a decrease of 1% compared to the fourth quarter of 2018.
Operating income increased by 15% to $155.3 million, from $134.5 million in the fourth quarter of 2018, due primarily to cost reduction efforts.
Net income (including discontinued operations) was $60.6 million for the fourth quarter, compared to $72.1 million in the fourth quarter of 2018, a decrease of 16%.
Adjusted EBITDA was $243.6 million in the fourth quarter of 2019, up 11% when compared to the fourth quarter of 2018.
Forward Guidance
Based on the current foreign exchange spot rates, we currently expect our pro-forma performance for full-year 2020 to be as follows: Continuing Operations Consolidated Operations The guidance provided assumes all entities currently included within continuing operations remain there for the entirety of 2020; if and when additional entities are required to be moved to discontinued operations during 2020, guidance will be revised.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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