Adtalem Q4 2024 Earnings Report
Key Takeaways
Adtalem Global Education reported a 12.4% increase in revenue for the fourth quarter, driven by a 10% increase in total student enrollment. Diluted earnings per share was $1.28, compared to $0.50 in the prior year. The company is confident that fiscal year 2025 will set new benchmarks, reflected in the forward-looking guidance.
Revenue increased by 12.4% year-over-year to $409.9 million.
Total student enrollment increased by 10.0% year-over-year to 83,321.
Diluted earnings per share increased to $1.28, compared to $0.50 in the prior year.
Net income increased to $49.4 million, compared to $22.2 million in the prior year.
Adtalem
Adtalem
Forward Guidance
Adtalem initiates guidance for fiscal year 2025, revenue in the range of $1,660 million to $1,700 million, approximately 5% to 7.5% growth year-over-year. Adjusted earnings per share to be in the range of $5.60 to $5.85, approximately 12% to 17% growth year-over-year.
Positive Outlook
- Revenue in the range of $1,660 million to $1,700 million.
- Revenue growth of approximately 5% to 7.5% year-over-year.
- Adjusted earnings per share to be in the range of $5.60 to $5.85.
- Adjusted earnings per share growth of approximately 12% to 17% year-over-year.
- Expansion into the Kansas City market with the 24th Chamberlain location.