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) 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.
Laureate Education, Inc. (NASDAQ: LAUR) announced a special cash distribution of $0.83 per share to holders of record on September 28, 2022, totaling approximately $137 million. This distribution follows the partial liquidation plan related to the recent sale of Walden e-Learning LLC, involving $71.7 million of escrowed funds. The payment is scheduled for October 12, 2022. The distribution will have tax implications for shareholders, with specific considerations for corporate and non-corporate holders regarding potential withholding tax.
Sumadi, an AI-powered online proctoring service under Laureate Education (NASDAQ: LAUR), has joined the Amazon Web Services (AWS) Partner Network. This partnership enhances Sumadi's capacity to provide large-scale proctoring solutions globally for educational institutions and corporate clients. Since migrating to AWS in 2020, Sumadi has scaled its services to support 50,000 concurrent users, dramatically increasing operational efficiency. The collaboration aims to offer cost-effective, scalable solutions with real-time reporting, further driving growth and integration with various Learning Management Systems (LMS).
Laureate Education, Inc. (NASDAQ: LAUR) announced its participation in upcoming investor conferences, including the Morgan Stanley Latin America Virtual Conference on September 15-16, 2022, and the BTG Pactual LATAM CEO Conference from October 11-13, 2022. Additionally, CEO Eilif Serck-Hanssen will speak at the Credit Suisse 2022 CEO Brazil Education Conference on October 13, 2022, at 1:15 PM EST in Sao Paulo. Attendance is by invitation only, and interested parties must contact the respective conference representatives for scheduling.
Laureate Education, Inc. (NASDAQ: LAUR) reported robust financial results for Q2 2022, with revenue rising 18% to $385.4 million and operating income of $126.6 million. Net income turned positive at $43.6 million, a significant recovery from a loss of $29.2 million in Q2 2021. For the first half of 2022, revenue increased 14% to $594.9 million, while net loss shrank to $(1.1) million. The company also announced an increase in full-year 2022 guidance, projecting revenue between $1,206 million and $1,218 million.
Laureate Education, Inc. (NASDAQ: LAUR) will announce its second quarter results for the period ending June 30, 2022, on August 4, 2022, prior to market opening. Following the announcement, a conference call for investors and analysts is scheduled at 8:30 a.m. ET to discuss the financial results and business outlook. The earnings release and related slides will be accessible on the company's Investor Relations website. Laureate operates five higher education institutions in Mexico and Peru, serving over 375,000 students.
On May 25, 2022, Laureate Education (NASDAQ: LAUR) appointed Barbara Mair as an independent board member during its Annual Meeting of Stockholders. Mair, a partner at Smart Force and former CEO of Universidades Aliat, brings valuable experience in higher education and technology. Her role on the Audit and Education Committees aims to advance the company's mission. Following this change, the board consists of nine directors, with eight being independent. The departing directors, Brian Carroll and Michael Durham, were thanked for their service. Laureate operates five institutions in Mexico and Peru, serving over 375,000 students.
Laureate Education, Inc. (NASDAQ: LAUR) has announced participation in two upcoming conferences: the Bank of America 2022 Emerging Markets Debt and Equity Conference from June 1-3 in Miami and the Stifel 2022 Cross Sector Insight Conference from June 7-9 in Boston. The CEO, Eilif Serck-Hanssen, will engage in a fireside chat on June 9 at 3:30 PM EST, available via live webcast. This event is invitation-only, and interested parties should contact Bank of America or Stifel for further details.
Laureate operates five institutions in Mexico and Peru, serving over 375,000 students.
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