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Jun 30, 2023
Adtalem Q4 2023 Earnings Report
Adtalem's Q4 2023 financial results were announced, showing revenue increase and strategic progress.
Key Takeaways
Adtalem Global Education reported a 1.1% increase in fourth-quarter revenue to $364.6 million. Diluted earnings per share were $0.50, and adjusted earnings per share were $1.03. The company is focused on operational excellence and strategic investments to address workforce shortages in healthcare.
Revenue increased by 1.1% to $364.6 million in the fourth quarter.
Diluted earnings per share were reported at $0.50, compared to $0.15 in the prior year.
Adjusted earnings per share reached $1.03, versus $1.28 in the previous year.
Total student enrollment was 75,735, reflecting a 2.5% year-over-year decrease.
Adtalem
Adtalem
Adtalem Revenue by Segment
Revenue by Segment
Chamberlain Revenue
CapyFin.comWalden Revenue
CapyFin.comMedical and Veterinary Revenue
CapyFin.com Forward Guidance
Adtalem provided guidance for fiscal year 2024, reaffirming revenue expectations between $1.46 billion and $1.52 billion and raising the lower end of adjusted earnings per share to a range of $4.20 to $4.40.
Positive Outlook
- Revenue expected to be in the range of $1.46 billion to $1.52 billion.
- Adjusted earnings per share are projected to be between $4.20 and $4.40.
- Improving enrollment trends.
- Delivery of two-year cost synergy program.
- Continued investment in expanding access to high quality academic programs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income