Welcome to our dedicated page for New Oriental Ed & Technology G news (Ticker: EDU), a resource for investors and traders seeking the latest updates and insights on New Oriental Ed & Technology G stock.
New Oriental Education & Technology Group Inc. reports recurring developments in its China private education business, including quarterly financial results, earnings call schedules and operating commentary across educational services and test preparation, overseas study consulting, educational materials and distribution, private label products, and livestreaming e-commerce. News also covers shareholder-return actions such as cash dividends and share repurchase programs.
The company is listed on the NYSE under EDU and on the Hong Kong Stock Exchange under 9901. Its NYSE-listed ADSs each represent ten common shares, and company announcements may include annual general meeting notices, voting results and ADR-related shareholder matters.
New Oriental Education & Technology Group Inc. (NYSE: EDU and SEHK: 9901), a leading provider of private educational services in China, has announced the filing of its annual report on Form 20-F for the fiscal year ended May 31, 2024. The report was filed with the Securities and Exchange Commission (SEC) on September 25, 2024.
The annual report is accessible on New Oriental's investor relations website and the SEC's website. The company will provide a hard copy of the report, including audited consolidated financial statements, free of charge to shareholders and ADS holders upon request.
Additionally, New Oriental has published its annual report for Hong Kong purposes in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong (HKEX). This report is available on the company's investor relations website and the HKEX's website.
New Oriental Education & Technology Group Inc. (NYSE: EDU and SEHK: 9901), a leading private educational services provider in China, has announced a special cash dividend of US$0.06 per common share or US$0.6 per ADS. The total dividend payout will be approximately US$100 million. Shareholders of record as of September 9, 2024, will be eligible for the dividend, which is expected to be paid around September 23, 2024 for common shareholders and September 26, 2024 for ADS holders. This move demonstrates New Oriental's commitment to delivering value to its shareholders and reflects the company's strong financial position.
New Oriental Education & Technology Group Inc. (NYSE: EDU, SEHK: 9901) has announced an upsizing of its share repurchase program. The company's board of directors has approved an increase in the program's value from US$400 million to US$700 million, effective through May 31, 2025. As of the announcement date, New Oriental had already repurchased approximately US$330.3 million worth of its ADSs under the original program, which was launched on July 28, 2022. The repurchases may be conducted through various means, including open market transactions, private negotiations, and block trades, subject to market conditions and applicable regulations.
New Oriental Education & Technology Group (NYSE: EDU) announced its Q4 FY2024 and FY2024 financial results. Net revenues for Q4 FY2024 rose by 32.1% Y/Y to $1.14 billion, while operating income fell by 78.1% to $10.5 million. Net income decreased by 6.9% to $27 million. For the full year, net revenues grew by 43.9% to $4.31 billion, and operating income surged by 84.4% to $350.4 million. The number of schools and learning centers expanded to 1,025. The company attributed the growth to its new educational business initiatives and East Buy private label products. However, operating costs increased significantly due to capacity expansion and other investments. New Oriental's outlook for Q1 FY2025 expects net revenues to be between $1.25 billion to $1.28 billion, reflecting a Y/Y increase of 31% to 34%.
New Oriental Education and Technology Group will announce its financial results for Q4 of FY2024 on July 31, 2024, before the U.S. market opens. The results cover the quarter ending May 31, 2024. An earnings conference call will be hosted by the management at 8 AM U.S. Eastern Time (8 PM Beijing/Hong Kong Time) on the same day.
Participants can join the conference call by registering in advance to receive dial-in numbers and a unique personal PIN. Alternatively, the call can be accessed via a live webcast available on the company's investor relations website. A replay of the call will also be available on-demand until July 31, 2025.
New Oriental Education & Technology Group (NYSE: EDU, SEHK: 9901) announced an extension of its Share Repurchase Program through May 31, 2025. The program, initially launched in 2022 and amended in 2023, allows the company to repurchase up to US$153.7 million worth of shares. As of the press release date, New Oriental has already repurchased US$246.3 million worth of its ADSs. The repurchases can be executed through various means, including open market transactions and privately negotiated deals, depending on market conditions. The board will periodically review the program and may adjust its terms and size.
Summary not available.
Summary not available.
Summary not available.
Summary not available.