Laureate Q4 2019 Earnings Report
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.
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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.