Adtalem Q2 2020 Earnings Report
Key Takeaways
Adtalem Global Education reported a 4.8% increase in revenue for the fiscal second quarter 2020, reaching $266.2 million. Diluted earnings per share from continuing operations was $0.10, while diluted earnings per share from continuing operations, excluding special items, was $0.57. The company saw increased enrollments at Chamberlain University and completed the integration of OnCourse Learning.
Revenue increased by 4.8% to $266.2 million compared to the prior year.
Diluted earnings per share from continuing operations was $0.10, while diluted earnings per share from continuing operations, excluding special items, was $0.57, flat when compared with prior year.
Operating income from continuing operations was $40.3 million, while operating income from continuing operations, excluding special items, was $42.3 million, a 9.4% decrease compared with prior year.
Net income from continuing operations was $5.5 million, while net income from continuing operations, excluding special items, was $30.9 million, a 9.8% decrease compared with prior year.
Adtalem
Adtalem
Adtalem Revenue by Segment
Forward Guidance
The outlook for the full year 2020 remains unchanged from our guidance issued in the first quarter earnings press release.
Positive Outlook
- Revenue is expected to grow 5% to 7% compared with the prior year
- Effective income tax rate is expected to be in the 19% to 20% range
- Earnings per share from continuing operations, excluding special items, are expected to grow in the 7 to 9% range compared with the prior year
- Full-year capital spending is expected to be in the $45 million to $50 million range
Revenue & Expenses
Visualization of income flow from segment revenue to net income