Laureate Education Inc Stock Price, News & Analysis

Laureate Education, Inc. (NASDAQ: LAUR) will disclose its Q4 and fiscal year 2022 results on February 23, 2023, prior to market opening. Following this, the company will conduct a conference call at 8:30 a.m. ET to discuss the results and future business outlook. Interested parties can listen to the call by registering online. Laureate operates five higher education institutions in Mexico and Peru, serving over 400,000 students through various degree programs, focusing on academic quality and employability outcomes.

Laureate Education, Inc. (NASDAQ: LAUR) announced its participation in the Morgan Stanley Latin America Executive Conference on January 10 and 11, 2023. The conference allows for one-on-one and small group meetings with the management team, available by invitation only with mandatory registration. Laureate operates five higher education institutions in Mexico and Peru, serving over 400,000 students through both online and campus-based programs, focusing on academic quality and employability outcomes.

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).