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Sep 30, 2021
Adtalem Q1 2022 Earnings Report
Adtalem's Q1 2022 performance was reported, with revenue and operating income meeting expectations, and full-year guidance reaffirmed.
Key Takeaways
Adtalem Global Education reported a 29.9% increase in revenue to $348.3 million, driven by the acquisition of Walden University. However, the company experienced a net loss of $58.0 million, compared to a net income of $19.9 million in the prior year, due to higher interest expense and acquisition-related costs. The company reaffirmed its full-year revenue and earnings guidance.
Revenue increased by 29.9% to $348.3 million due to the Walden University acquisition.
Excluding Walden, revenue increased by 4.3% to $279.7 million.
The company reported a net loss of $58.0 million, compared to a net income of $19.9 million in the prior year.
Adtalem reaffirmed its full-year revenue and earnings guidance.
Revenue by Segment
Forward Guidance
Adtalem reaffirmed its previous guidance for the full fiscal year 2022, expecting adjusted revenue, excluding special items, to be within the range of $1,685 million and $1,735 million, and adjusted diluted earnings per share of $4.20 to $4.45 from continuing operations, excluding special items.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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