Welcome to our dedicated page for Laureate Education news (Ticker: LAUR), a resource for investors and traders seeking the latest updates and insights on Laureate Education stock.
Laureate Education, Inc. (NASDAQ: LAUR) stands as the largest global network of degree-granting higher education institutions. With an impressive enrollment of more than one million students across over 70 institutions in 25 countries, Laureate is a leader in the education sector. The company offers high-quality, career-oriented undergraduate, graduate, and specialized degree programs in a diverse array of academic disciplines such as architecture, business, design, education, engineering, health sciences, medicine, law, and hospitality management.
Laureate’s mission is deeply rooted in the belief that society thrives when its students, professors, and employees contribute positively to their communities. This philosophy is encapsulated in their motto ‘here for good,’ which underscores their commitment to creating lasting social impact. In alignment with these values, Laureate is a certified B Corporation® and has been operating as a U.S. public benefit corporation since 2015.
The company’s geographical segments include robust operations in Peru and Mexico. Laureate operates five institutions in these regions, enrolling over 420,000 students. These institutions are dedicated to academic excellence and innovation, striving for market-leading employability outcomes and working to make higher education more accessible.
Laureate’s financial health is strong, as evidenced by its recent achievements and ongoing projects. For example, the company has announced an increase in full-year 2023 guidance and a new $100 million share repurchase authorization, reflecting confidence in its operational and financial strategies. Additionally, Laureate has declared a special cash dividend of $0.70 per common share, further demonstrating its commitment to shareholder returns.
Laureate continues to innovate and expand its offerings, ensuring that students receive the best possible education and training. The company’s emphasis on integrating technology and optimizing internal processes through initiatives like Excellence-in-Process (EiP) reflects its dedication to operational efficiency and academic quality.
For more information, the latest news, and updates, interested parties can visit the company's Investor Relations section on their website at www.laureate.net.
Laureate Education (NASDAQ: LAUR) reported strong Q3 2024 financial results. Revenue increased 2% to $368.6 million (9% on organic constant currency basis). Net income rose to $85.3 million from $36.0 million in Q3 2023, aided by a $37.9 million tax benefit. For the nine months ended September 30, new enrollments increased 4% and total enrollments grew 5%. Revenue reached $1,143.2 million, up 6%. The company completed its $100 million stock repurchase program and announced a new $100 million buyback. Laureate raised its full-year 2024 guidance, expecting total enrollments of 470,000 students and revenue between $1,551-1,556 million.
Laureate Education, Inc. (NASDAQ: LAUR) has announced it will release its third quarter 2024 financial results on Thursday, October 31, 2024, before the stock market opens. The company will host a conference call with investors and analysts at 8:30 a.m. ET to discuss the results and business outlook.
Interested parties can register to receive dial-in information for the earnings conference call. A webcast of the call, including replays, along with the earnings release and related slides, will be available through the Investor Relations section of Laureate's website at www.laureate.net.
Laureate Education operates five higher education institutions across Mexico and Peru, serving nearly 450,000 students through campus-based and online learning. The company focuses on providing high-quality undergraduate, graduate, and specialized degree programs, emphasizing academic quality, innovation, and market-leading employability outcomes.
Laureate Education (NASDAQ: LAUR) has announced a new $100 million share repurchase program, approved by its board of directors. This follows the completion of a previous $100 million repurchase program announced in February 2024. The company plans to finance these repurchases using free cash flow, excess cash, and available credit.
Since early 2019, Laureate has returned nearly $3 billion to shareholders through various capital return initiatives. The new repurchases may be executed through open market transactions, private negotiations, or block trades, subject to market conditions and regulations. A Rule 10b5-1 trading plan may be implemented for these repurchases.
Laureate Education (NASDAQ: LAUR) has announced its participation in the BTG Pactual Latam CEO Conference from October 8-10, 2024, at the InterContinental New York Barclay Hotel. The company's management team will be available for one-on-one and small group meetings during the event.
This invitation-only conference requires mandatory registration. Investors and analysts interested in meeting with Laureate's management should contact a BTG Pactual representative to schedule appointments or obtain more information about the conference.
Laureate's participation in this high-profile Latin American conference suggests the company's continued focus on its operations in the region and its commitment to engaging with investors and industry leaders.
Laureate Education (NASDAQ: LAUR) reported strong financial results for Q2 2024. Revenue increased 8% to $499.2 million, with a 7% increase on an organic constant currency basis. Net income rose to $128.4 million, up from $56.3 million in Q2 2023, primarily due to favorable foreign currency exchange rates. Adjusted EBITDA grew to $186.9 million, compared to $175.4 million in the prior year.
For the first half of 2024, new enrollments increased 2% and total enrollments rose 5%. Revenue for this period grew 9% to $774.6 million. The company maintains a strong balance sheet with $128.8 million in cash and $232.6 million in gross debt. Laureate has repurchased approximately $72 million of its common stock during the first half of 2024.
Laureate Education (NASDAQ: LAUR) has announced that it will release its second quarter 2024 financial results on Thursday, August 1, 2024, before the market opens. A conference call for investors and analysts will follow at 8:30 a.m. ET to discuss the results and the company's outlook.
The earnings call will be accessible via a webcast, with replays available on Laureate's website. Laureate operates five higher education institutions in Mexico and Peru, serving nearly 450,000 students through a mix of campus-based and online programs.
Laureate Education (NASDAQ: LAUR) has elected William J. Davis to its Board of Directors and appointed him to the Audit & Risk Committee. Davis, the CEO of ABC Fitness Solutions, brings over 30 years of operational, financial, and technology experience. Additionally, Andrew B. Cohen, co-founder of Cohen Private Ventures, will become Chair of the Board on September 10, 2024, succeeding Kenneth W. Freeman, who has served since 2019. Freeman will remain on the Board. The appointments aim to drive growth and enhance corporate governance.
Laureate Education, Inc. (NASDAQ: LAUR) reported financial results for Q1 2024, with revenue increasing 10% to $275.4 million. New enrollments went up by 1%, while total enrollments increased by 5%. Operating income was $11.1 million, net loss was $(10.8) million, and Adjusted EBITDA was $30.6 million. The company increased its full-year 2024 guidance, expecting growth in total enrollments, revenues, and Adjusted EBITDA.
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