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Jun 30, 2020
Adtalem Q4 2020 Earnings Report
Adtalem's Q4 results were impacted by COVID-19, but the company transitioned students to online platforms and enhanced its portfolio.
Key Takeaways
Adtalem Global Education reported a decrease in revenue and operating income for the fiscal fourth quarter of 2020, primarily due to the negative impacts of the COVID-19 pandemic. However, the company successfully transitioned a significant number of students to online platforms and continued to strategically position itself for future growth.
Revenue decreased by 1.7% compared to the prior year, reflecting negative impacts from the COVID-19 pandemic.
Diluted loss per share was $4.86, compared to diluted earnings per share of $0.86 in the prior year.
Operating income from continuing operations was $21.7 million, compared to $54.8 million in the prior year.
Net loss attributable to Adtalem was $256.1 million, driven by a loss from discontinued operations of $327.6 million.
Forward Guidance
Due to continued uncertainty surrounding the full impact of the COVID-19 pandemic, Adtalem will not be providing guidance for fiscal year 2021 at this time. Over the long-term, the company remains confident in its ability to generate meaningful growth in revenue and earnings and to continue to deliver shareholder value.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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