Laureate Education Reports First Quarter 2018 Financial Results
Laureate Education, Inc. (LAUR)
Last laureate education, inc. earnings: 2/27 07:00 am
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Source: GlobeNewswire
BALTIMORE, May 09, 2018 (GLOBE NEWSWIRE) -- Laureate Education, Inc. (NASDAQ:LAUR), the global leader in higher education, today announced financial results for the first quarter 2018. First Quarter 2018 Highlights (compared to first quarter 2017): New enrollments increased 8% on an organic basis (excluding divestitures); adjusted for timing of the intake, organic new enrollments increased 5%.Total enrollments increased 2% on an organic basis (excluding divestitures).Revenue increased by $29.4 million to $885.3 million; up 3% on an organic constant currency basis.1Operating loss, in a seasonally low quarter, decreased by $35.4 million to $27.5 million.Net income for the quarter was $171.5 million, which included a $298.0 million gain related to the completion of the previously announced sales of our Cyprus, Italy and China institutions during the quarter, as compared to a net loss of $120.4 million in the first quarter of 2017.Adjusted EBITDA decreased by $1.1 million to $47.5 mil
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Analyst Actions
- 2/27/24 - TheStreet
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Sec Filings
- 5/8/24 - Form 4
- 5/7/24 - Form 8-K
- 5/2/24 - Form 10-Q
- LAUR's page on the SEC website