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 (LAUR) delivers career-oriented higher education through a global network of licensed institutions. This news hub provides investors and stakeholders with essential updates on the company's academic initiatives, financial performance, and social impact programs.
Access timely announcements including quarterly earnings, strategic partnerships, new degree program launches, and global expansion updates. Our curated collection ensures efficient tracking of Laureate's dual focus on educational excellence and public benefit commitments.
Key coverage areas include leadership updates, accreditation milestones, community impact reports, and innovations in global education delivery. All content is verified for accuracy and relevance to support informed decision-making.
Bookmark this page for centralized access to Laureate Education's official communications and market-moving developments. Check regularly for updates reflecting the company's position as a certified B Corporation shaping international higher education.
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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