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Dec 31, 2023
Adtalem Q2 2024 Earnings Report
Adtalem's Q2 2024 performance reflected accelerated enrollment and revenue growth, driven by strong profitability and high-quality academic outcomes.
Key Takeaways
Adtalem Global Education reported an 8.4% increase in revenue and a 6.2% increase in total student enrollment for the second quarter of fiscal year 2024. Diluted earnings per share were $0.98, and adjusted EPS was $1.23, representing a 5.1% year-over-year growth. The company also raised its fiscal year 2024 guidance for revenue and adjusted earnings per share.
Revenue increased by 8.4% year-over-year to $393.2 million.
Total student enrollment grew by 6.2% year-over-year to 81,772.
Diluted earnings per share reached $0.98, while adjusted EPS was $1.23, a 5.1% increase year-over-year.
The company completed its $300 million share repurchase program and authorized a new $300 million program.
Adtalem
Adtalem
Adtalem Revenue by Segment
Revenue by Segment
Chamberlain Revenue
CapyFin.comWalden Revenue
CapyFin.comMedical and Veterinary Revenue
CapyFin.com Forward Guidance
Adtalem raised its fiscal year 2024 outlook, expecting revenue between $1,520 million and $1,560 million, and adjusted earnings per share between $4.55 and $4.75.
Positive Outlook
- Revenue guidance raised to $1,520 million - $1,560 million (previously $1,470 million - $1,530 million).
- Adjusted EPS guidance raised to $4.55 - $4.75 (previously $4.25 - $4.45).
- Strong top- and bottom-line performance expected to continue.
- Company is well-positioned to impact the U.S. healthcare workforce.
- Focus on delivering practice-ready clinicians at scale.
Challenges Ahead
- Uncertainty of special items that may be incurred in the future.
- Risk factors described in the company's most recent Annual Report on Form 10-K.
- Factors that could cause actual results to differ materially from forward-looking statements.
- No reconciliation of non-GAAP guidance measures to corresponding GAAP measures is available.
- The company assumes no obligation to publicly update or revise its forward-looking statements.
Revenue & Expenses
Visualization of income flow from segment revenue to net income