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.
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.
Laureate Education, Inc. (NASDAQ: LAUR) will announce its second quarter results for the period ending June 30, 2022, on August 4, 2022, prior to market opening. Following the announcement, a conference call for investors and analysts is scheduled at 8:30 a.m. ET to discuss the financial results and business outlook. The earnings release and related slides will be accessible on the company's Investor Relations website. Laureate operates five higher education institutions in Mexico and Peru, serving over 375,000 students.
On May 25, 2022, Laureate Education (NASDAQ: LAUR) appointed Barbara Mair as an independent board member during its Annual Meeting of Stockholders. Mair, a partner at Smart Force and former CEO of Universidades Aliat, brings valuable experience in higher education and technology. Her role on the Audit and Education Committees aims to advance the company's mission. Following this change, the board consists of nine directors, with eight being independent. The departing directors, Brian Carroll and Michael Durham, were thanked for their service. Laureate operates five institutions in Mexico and Peru, serving over 375,000 students.
Laureate Education, Inc. (NASDAQ: LAUR) has announced participation in two upcoming conferences: the Bank of America 2022 Emerging Markets Debt and Equity Conference from June 1-3 in Miami and the Stifel 2022 Cross Sector Insight Conference from June 7-9 in Boston. The CEO, Eilif Serck-Hanssen, will engage in a fireside chat on June 9 at 3:30 PM EST, available via live webcast. This event is invitation-only, and interested parties should contact Bank of America or Stifel for further details.
Laureate operates five institutions in Mexico and Peru, serving over 375,000 students.
Laureate Education (NASDAQ: LAUR) reported strong Q1 2022 results, with new enrollments rising by 9% and total enrollments up by 11%. Revenue reached $209.6 million, an 8% increase, while organic revenue growth was 9%. Operating income improved to $9 million, reversing a loss of $(86.4 million) a year prior. Net loss narrowed to $(44.7 million) versus $(164.9 million). Adjusted EBITDA stood at $27.2 million, up from $9.7 million. The company increased its full-year guidance for revenue between $1,190 million and $1,206 million.
Laureate Education, Inc. (NASDAQ: LAUR) will release its financial results for the quarter ending March 31, 2022, on May 5, 2022, before the market opens. The announcement will be followed by a conference call at 8:30 a.m. ET for investors and analysts to discuss the results and upcoming business outlook. Interested participants can join by dialing the provided numbers and can access a replay until May 12, 2022. The webcast and earnings release will also be available on the company’s Investor Relations website.
Laureate Education (NASDAQ: LAUR) announced an increase in its share repurchase program from $600 million to $650 million. To date, the company has repurchased approximately $530 million worth of shares. The additional $50 million in repurchases will be financed through cash on hand or its revolving credit facility. The repurchase program is expected to conclude by the end of 2022, contingent on market conditions. This move reflects the company's commitment to enhancing shareholder value.