Adtalem Q1 2022 Earnings Report
Key Takeaways
Adtalem Global Education reported a 29.9% increase in revenue to $348.3 million, driven by the acquisition of Walden University. However, the company experienced a net loss of $58.0 million, compared to a net income of $19.9 million in the prior year, due to higher interest expense and acquisition-related costs. The company reaffirmed its full-year revenue and earnings guidance.
Revenue increased by 29.9% to $348.3 million due to the Walden University acquisition.
Excluding Walden, revenue increased by 4.3% to $279.7 million.
The company reported a net loss of $58.0 million, compared to a net income of $19.9 million in the prior year.
Adtalem reaffirmed its full-year revenue and earnings guidance.
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Adtalem Revenue by Segment
Forward Guidance
Adtalem reaffirmed its previous guidance for the full fiscal year 2022, expecting adjusted revenue, excluding special items, to be within the range of $1,685 million and $1,735 million, and adjusted diluted earnings per share of $4.20 to $4.45 from continuing operations, excluding special items.