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. reports recurring developments from its higher education business in Mexico and Peru, where it operates five institutions. Company news centers on quarterly and annual results, new and total enrollment trends, revenue on reported and constant-currency bases, operating income, Adjusted EBITDA, and guidance updates.
Updates also cover factors that affect period-to-period performance, including academic calendar timing, foreign currency movements, campus expansion and new campus investments. Laureate news may also include capital allocation actions such as share repurchase authorizations and commentary on fully online offerings in Peru and operating performance in Mexico.
On September 13, 2020, Laureate Education (NASDAQ: LAUR) announced an agreement to sell its Brazilian operations to Ser Educacional S.A. for approximately R$3.862 billion (US$724 million), including debt assumption. The company will receive R$1.70 billion in cash and shares amounting to about 44% of Ser Educacional. This divestiture is part of Laureate's strategy to unlock shareholder value, following similar sales in Chile and the U.S. The transaction is subject to regulatory approval and includes a 30-day 'go-shop' period for alternative offers.
Laureate Education (NASDAQ: LAUR) announced on Sept. 11, 2020, the completion of its divestiture of operations in Chile. Control of its not-for-profit institutions has been transferred to Fundación Educación y Cultura, while the for-profit institutions, including Instituto Profesional AIEP, were sold for USD$214.6 million. Laureate's CEO, Eilif Serck-Hanssen, emphasized that this decision aligns with local educational needs and regulations. The divestiture marks a significant strategic move after 20 years of investment in Chilean higher education.
Laureate Education, Inc. (NASDAQ: LAUR) will release its financial results for the second quarter of 2020 on August 6, 2020, before market opening. A conference call for investors and analysts is scheduled for 8:30 a.m. ET to discuss the earnings and business outlook. Participants can join the call by dialing specific numbers provided for U.S. and international callers. The webcast and replay will be accessible through the company's Investor Relations webpage. Laureate operates the largest network of degree-granting institutions in Latin America, serving over 850,000 students.