Laureate Education Inc Stock Price, News & Analysis

Laureate Education, Inc. (NASDAQ: LAUR) announced a secondary offering of 32,842,183 shares by existing stockholders at $9.75 per share, closing on November 22, 2022. The company will not receive proceeds from this sale. Simultaneously, Laureate plans to repurchase 7,971,303 shares at $9.409 each for about $75 million, funded through credit facilities or cash on hand. The offering is not contingent on the repurchase, and the company will adhere to customary closing conditions for both transactions.

Laureate Education, Inc. (NASDAQ: LAUR) announced a secondary offering of 32,842,183 shares of its common stock by existing stockholders affiliated with Kohlberg Kravis Roberts & Co. L.P.. The company is not selling any shares and will not receive proceeds from this offering. The underwriting is managed by major financial institutions, including Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC. The offering is made under an existing registration statement filed with the SEC.

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.