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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%.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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