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 increased its share repurchase program from $500 million to $600 million. To date, the company has repurchased approximately $435 million of its shares. The additional $100 million will be financed through cash on hand or its revolving credit facility, with completion expected in the first half of 2022, contingent on market conditions. This move reflects the company's commitment to enhancing shareholder value and managing capital efficiently.
Laureate Education (NASDAQ: LAUR) has announced a special cash distribution of $0.58 per share, totaling approximately $105 million, to be paid on December 28, 2021 for shareholders of record on December 14, 2021. This distribution follows a partial liquidation related to the sale of Walden e-Learning LLC. The remaining gross proceeds from the sale, including up to $74 million held in escrow, may lead to further distributions in 2022. The distribution will be subject to taxation as a partial liquidation for non-corporate shareholders.
Laureate Education (NASDAQ: LAUR) reported strong Q3 2021 results, with revenue increasing 10% to $267.7 million, driven by higher enrollment in Peru. Operating income improved to $35.1 million, a turnaround from a significant loss in Q3 2020 due to impairment charges. Net income soared to $360.1 million, largely due to the sale of Walden University. Year-to-date, revenue reached $790 million, up 7%, with adjusted EBITDA of $192.7 million, a 67% increase. The company raised its full-year guidance, expecting revenues of $1,075 to $1,085 million, reflecting an 8%-9% growth.
Laureate Education, Inc. (NASDAQ: LAUR) will release its financial results for the quarter ended September 30, 2021, on November 4, 2021, before market opening. Following the release, a conference call for investors and analysts is scheduled at 8:30 a.m. ET to discuss the results and future outlook. Interested parties can listen via a dedicated phone line or through the Company’s website, where a replay will be available until November 11, 2021. The Company operates five universities in Mexico and Peru, serving over 350,000 students.
Laureate Education, Inc. (NASDAQ: LAUR) announced a special cash distribution of $7.01 per share, to be paid on October 29, 2021. Shares will trade with due bills from October 5 to October 29, 2021, obligating sellers to deliver the distribution to buyers. Stockholders must hold shares until October 6, 2021, to qualify. The due bill mechanism ensures that sellers who divest during this period will not receive the distribution. The company emphasizes that trading post-distribution will start on November 1, 2021. Investors should consult brokers regarding these due bill procedures.
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.
