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Jun 30, 2022
Adtalem Q4 2022 Earnings Report
Adtalem's Q4 2022 results were in line with expectations, showing improved profitability and a strengthened balance sheet.
Key Takeaways
Adtalem Global Education reported a solid finish to fiscal year 2022, with revenue increasing by 61.6% to $361.2 million due to the acquisition of Walden University. The company's operating income increased to $44.5 million, and adjusted EPS from continuing operations was $1.31. Gross debt was reduced by $394.1 million in the fourth quarter.
Revenue increased 61.6% year-over-year to $361.2 million due to the acquisition of Walden.
Operating income was $44.5 million, compared to $27.1 million in the prior year.
Diluted earnings per share was flat at $0.18, while diluted earnings per share from continuing operations, excluding special items, was $1.31, compared to $0.48 in the prior year.
Gross debt was reduced by $394.1 million in the fourth quarter, a reduction of 31.4%.
Adtalem
Adtalem
Adtalem Revenue by Segment
Revenue by Segment
Chamberlain Revenue
CapyFin.comWalden Revenue
CapyFin.comMedical and Veterinary Revenue
CapyFin.com Forward Guidance
For the full fiscal year 2023, Adtalem expects revenue to be within the range of $1,380 million and $1,450 million, and adjusted diluted earnings per share from continuing operations, excluding special items, to be within the range of $3.95 to $4.20.
Positive Outlook
- Revenue to be within the range of $1,380 million and $1,450 million.
- Adjusted diluted earnings per share from continuing operations, excluding special items, to be within the range of $3.95 to $4.20.
Revenue & Expenses
Visualization of income flow from segment revenue to net income