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Mar 31, 2024
Adtalem Q3 2024 Earnings Report
Adtalem's Q3 2024 performance was marked by revenue growth and increased profitability, driven by its Growth with Purpose strategy.
Key Takeaways
Adtalem Global Education reported an 11.8% increase in revenue and a 7.8% increase in total student enrollment in Q3 2024. The company's Growth with Purpose strategy drove accelerated top- and bottom-line performance. Adjusted EPS grew by 32.7% year-over-year.
Revenue increased by 11.8% year-over-year to $412.7 million.
Total student enrollment grew by 7.8% year-over-year to 85,809.
Diluted earnings per share was $0.93, while adjusted EPS was $1.50, representing a 32.7% year-over-year growth.
The company repurchased $91 million of shares and net leverage was 1.3x as of March 31, 2024.
Adtalem
Adtalem
Forward Guidance
Adtalem raises its revenue guidance to a range of $1,560 million to $1,580 million and raises adjusted earnings per share to be in the range of $4.80 to $5.00.
Positive Outlook
- Revenue guidance raised to $1,560 million - $1,580 million from $1,520 million - $1,560 million.
- Adjusted earnings per share guidance raised to $4.80 - $5.00 from $4.55 - $4.75.