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, Inc. (NASDAQ: LAUR) is set to release its financial results for the first quarter ending March 31, 2023, on May 4, 2023, prior to market opening. A conference call with investors and analysts will take place at 8:30 a.m. ET to discuss the results and provide insights into the Company's business outlook.
Laureate operates five higher education institutions in Mexico and Peru, serving over 420,000 students with various degree programs through both campus and online platforms. The focus remains on academic quality and accessibility to enhance employability outcomes for students.
Laureate Education, Inc. (NASDAQ: LAUR) reported strong financial results for Q4 and the fiscal year 2022. Q4 revenue rose 17% to $346.3 million, with operating income turning to $78 million from a loss of $(11) million in Q4 2021. Net income for Q4 increased to $39.1 million, while adjusted EBITDA reached $94.8 million. For the full year, revenues grew 14% to $1.24 billion, and net income decreased to $69 million due to 2021’s one-off gains. The company projected 2023 revenues of $1.37 to $1.40 billion, anticipating growth of 10-12%. Key strategic focuses include sustainable growth, digital penetration, and operational excellence.
Laureate Education, Inc. (NASDAQ: LAUR) will disclose its Q4 and fiscal year 2022 results on February 23, 2023, prior to market opening. Following this, the company will conduct a conference call at 8:30 a.m. ET to discuss the results and future business outlook. Interested parties can listen to the call by registering online. Laureate operates five higher education institutions in Mexico and Peru, serving over 400,000 students through various degree programs, focusing on academic quality and employability outcomes.
Laureate Education, Inc. (NASDAQ: LAUR) announced its participation in the Morgan Stanley Latin America Executive Conference on January 10 and 11, 2023. The conference allows for one-on-one and small group meetings with the management team, available by invitation only with mandatory registration. Laureate operates five higher education institutions in Mexico and Peru, serving over 400,000 students through both online and campus-based programs, focusing on academic quality and employability outcomes.
Laureate Education, Inc. (NASDAQ: LAUR) announced a secondary offering of 32,842,183 shares by existing stockholders at $9.75 per share, closing on November 22, 2022. The company will not receive proceeds from this sale. Simultaneously, Laureate plans to repurchase 7,971,303 shares at $9.409 each for about $75 million, funded through credit facilities or cash on hand. The offering is not contingent on the repurchase, and the company will adhere to customary closing conditions for both transactions.
Laureate Education, Inc. (NASDAQ: LAUR) announced a secondary offering of 32,842,183 shares of its common stock by existing stockholders affiliated with Kohlberg Kravis Roberts & Co. L.P.. The company is not selling any shares and will not receive proceeds from this offering. The underwriting is managed by major financial institutions, including Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC. The offering is made under an existing registration statement filed with the SEC.
Laureate Education, Inc. (NASDAQ: LAUR) reported strong financial results for Q3 2022, with revenue reaching $301.0 million, a 12% increase year-over-year. Operating income rose to $56.3 million from $35.1 million, while net income was $31.0 million, down from $360.1 million due to a prior gain from the sale of Walden University. For the first nine months, revenue totaled $895.9 million, a 13% increase. The company anticipates full-year revenues between $1,223 million and $1,231 million. Despite these gains, adjusted EBITDA for Q3 decreased to $72.8 million from $75.9 million.
Laureate Education, Inc. (NASDAQ: LAUR) has announced a special cash dividend of $0.68 per share, amounting to approximately $112 million, payable on November 17, 2022. Shareholders of record on November 4, 2022 will be eligible. The dividend will be taxable, determined based on the company's earnings, and may affect the tax basis of shares. CEO Eilif Serck-Hanssen emphasized the company's growth and solid financial position, which allows for this capital return to shareholders.
Laureate Education, Inc. (NASDAQ: LAUR) is set to announce its financial results for Q3 2022 on November 3, 2022, before market opening. A conference call is scheduled for 8:30 a.m. ET that day, where executives will discuss the quarterly results and provide insights into the company's future outlook. Laureate operates five higher education institutions in Mexico and Peru, serving over 375,000 students and focusing on academic quality, innovation, and employability outcomes.
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