Adtalem Q4 2023 Earnings Report
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
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.