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) announced a partial liquidation plan following the sale of Walden e-Learning LLC. Stockholders will receive a special cash distribution of $7.01 per share, totaling approximately $1.29 billion, scheduled for payment on October 29, 2021. The distribution is taxable and treated as a partial liquidation. The company expects to operate as a going concern. The sale's gross proceeds include $74 million in escrow and $84 million in restricted cash, with further distributions anticipated by the end of 2022.
Laureate Education (NASDAQ: LAUR) has completed the sale of Walden University to Adtalem Global Education (NYSE: ATGE) as part of its strategy to enhance shareholder value. The deal closes with previously disclosed terms and reflects Laureate's focus on unlocking growth opportunities for its remaining businesses. Walden University, renowned for its online education, serves over 55,000 students and continues to influence higher education positively.
Laureate Education (NASDAQ: LAUR) reported Q2 2021 revenue of $327.6 million, an 8% increase, driven by higher enrollments in Peru. Adjusted EBITDA rose to $107.1 million, up from $94.1 million in Q2 2020. For the six months ending June 30, total revenue grew 5% to $522.3 million, and adjusted EBITDA increased from $64.7 million to $116.8 million. The company revised its full-year 2021 guidance, expecting revenues between $1,025 million and $1,065 million. A net loss of $(29.2) million was recorded for Q2 2021, significantly improved from $(311.6) million in Q2 2020.
Laureate Education (NASDAQ: LAUR) will release its second quarter 2021 results on August 5, 2021, before the market opens. A conference call to discuss these results and the company's outlook will occur at 8:30 a.m. ET the same day. Interested participants can join via U.S. or international calling numbers provided in the release. The conference call will also be available for replay until August 12, 2021. More details, including the earnings release and related slides, can be found on the company's website.
Laureate Education (NASDAQ: LAUR) has completed the sale of its higher education institutions in Brazil to Ânima Holding S.A. This transaction aligns with Laureate's strategy to explore options for unlocking shareholder value. Ânima, one of Brazil's largest private educational organizations, serves around 140,000 students across various states. Laureate's CEO, Eilif Serck-Hanssen, expressed good wishes for Ânima as they continue to offer quality education. This sale is a significant step in Laureate's commitment to operational excellence and shareholder value enhancement.
Laureate Education (LAUR) reported Q1 2021 financial results with a 1% revenue increase to $194.7 million, while new enrollments surged 59%. Total enrollments rose 2%. However, the operating loss widened to $(86.4) million due to $56.7 million in impairment charges. The net loss was $(164.9) million, contrasting with a net income of $98.3 million in Q1 2020. The company also announced a $200 million increase in its share repurchase program, totaling $500 million. Full-year 2021 guidance remains unchanged, with revenue expected between $1 billion and $1.04 billion.
Laureate Education, Inc. (NASDAQ: LAUR) will announce its financial results for the first quarter ending March 31, 2021, on May 6, 2021, before the market opens. A conference call for investors and analysts will take place at 8:30 a.m. ET on the same day to discuss the results and business outlook. Interested parties can listen to the call by calling specified numbers for U.S. and international callers. Details and replays will be available through the company’s Investor Relations section on their website.
Laureate Education, Inc. (NASDAQ: LAUR) has appointed Rick Buskirk as Senior Vice President and Chief Financial Officer, effective April 1, 2021. He succeeds Jean-Jacques Charhon, who has resigned. Buskirk has been with Laureate since 2015 and previously led financial planning and analysis, managing over $5 billion in divestiture transactions. Eilif Serck-Hanssen, CEO, emphasized Buskirk's role in Laureate's strategic reviews as the company shifts focus to operations in Mexico and Peru. Charhon is acknowledged for his contributions during the company's transformation.
Walden University and the National League for Nursing (NLN) announced the launch of the Institute for Social Determinants of Health and Social Change. This initiative, part of a five-year commitment, aims to enhance the professional development of nurse educators. Key objectives include fostering leadership, integrating social determinants of health into curricula, and promoting research. The inaugural program, the Interprofessional Leadership Academy for Social Change, will train health professionals to address health inequities. The institute will culminate in a conference showcasing its achievements.
On March 8, 2021, Laureate Education (NASDAQ: LAUR) announced the successful divestiture of its operations in Honduras to Fundación Nasser. This transfer includes Fundaempresa, which oversees Universidad Tecnológica Centroamericana (UNITEC) and Centro Universitario Tecnológico (CEUTEC). Fundación Nasser has over 20 years of experience in educational and social development in the region. Laureate's CEO, Eilif Serck-Hanssen, expressed pride in the company’s contributions to higher education in Honduras, emphasizing the importance of accessibility and social mobility.
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