| --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|--------------------------------------------|-------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | Fourth Quarter & Full Year 2024 Earnings | | | | | | | | A u g u s t 6 , 2 0 2 4 | ©2024 Adtalem Global Education Inc. All rights reserved Safe Harbor CAUTIONARY DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS Certain statements contained in this presentation are forward-looking statements as defined in the Private ...

Financial Data and Key Metrics Changes - Revenue for the fiscal year 2024 was $1.58 billion, representing a 9.2% year-over-year increase [8][16] - Adjusted EBITDA margin was approximately 24%, with adjusted earnings per share of $5.01, a 19% increase year-over-year [8][18] - Free cash flow generated was $239 million, with $261 million returned to shareholders [8][23] Business Line Data and Key Metrics Changes - Chamberlain University reported a 15.6% increase in revenue for the fourth quarter, driven by a 10.4% increase in total enrollment [19] - Walden University experienced a 13.3% revenue increase in the fourth quarter, with total student enrollment up 11.3% [20] - The Medical and Veterinary segment saw a 5.4% revenue increase in the fourth quarter, although total student enrollment decreased by 2.9% [22] Market Data and Key Metrics Changes - Total enrollment returned to growth, ending the year with a 10% year-over-year increase for the fourth quarter [7] - Enrollment growth was consistent across all three segments, with Chamberlain and Walden leading the way [16][19][20] Company Strategy and Development Direction - The company is focused on its "Growth with Purpose" strategy, which aims to enhance operational efficiency and expand market reach [6][24] - Plans to enter new markets, such as Kansas City, and expand existing programs to meet workforce needs [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the normalized demand environment for students and the ability to capture market share [33] - Fiscal year 2025 is projected to be another record year, with expected revenue between $1.66 billion and $1.7 billion [13][24] Other Important Information - The company is investing in student-facing technologies and marketing to support future growth [25] - The balance sheet remains strong, with $219 million in cash and a low adjusted EBITDA net leverage of 1.2x [23] Q&A Session Summary Question: How much was admissions growth driven by marketing spend? - Management indicated that total enrollment gains were driven by a combination of new enrollment and persistence, with marketing playing a lesser role moving forward [28][29] Question: Comments on the pricing environment? - Management stated that price optimization is a core discipline, adjusting prices based on competitive positioning [30][31] Question: Characterization of the current demand environment? - Management noted that the demand environment for students has normalized and they have been able to take market share [33] Question: Insights on guidance range? - Management mentioned that stronger enrollments in September would positively influence future guidance [34][35]

Company Performance - Adtalem Global Education (ATGE) reported quarterly earnings of $1.37 per share, exceeding the Zacks Consensus Estimate of $1.24 per share, and up from $1.03 per share a year ago, representing an earnings surprise of 10.48% [1] - The company posted revenues of $409.91 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 3.28%, compared to year-ago revenues of $364.64 million [1] - Over the last four quarters, Adtalem has consistently surpassed consensus EPS and revenue estimates [1] Stock Performance - Adtalem shares have increased approximately 24.9% since the beginning of the year, outperforming the S&P 500's gain of 8.7% [2] - The current consensus EPS estimate for the upcoming quarter is $1.06 on revenues of $394.63 million, and for the current fiscal year, it is $5.72 on revenues of $1.65 billion [4] Industry Outlook - The Schools industry, to which Adtalem belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [5] - The performance of Adtalem's stock may be influenced by the overall industry outlook, as the top 50% of Zacks-ranked industries tend to outperform the bottom 50% by more than 2 to 1 [5]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to _____ Commission File Number: 001-13988 Adtalem Global Education Inc. (Exact name of registrant as specified in its charter) Delaware 36-3150 ...

| --- | --- | |-------|-----------------------------------------------------------------------------------| | | | | | Exhibit 99.1 | | | News Release | | | Investor Contact Jay Spitzer Investor.Relations@Adtalem.com +1 312-906-6600 | | | Media Contact Britt Mitchell AdtalemMedia@Adtalem.com +1 872-270-0301 | Adtalem Global Education Announces Strong Fiscal Year 2024 Performance; Initiates Fiscal Year 2025 Guidance Exceeding June 2023 Investor Day Projections Total enrollment up 10.0% YoY for fourth quarter ...

Core Insights - Adtalem Global Education Inc. (ATGE) shares have increased by 67.4% over the past three months, significantly outperforming the Zacks Schools industry and the broader Consumer Discretionary sector [1] - The company is well-positioned to address workforce shortages in the healthcare sector, which has been performing well in recent years [1][5] - ATGE's long-term growth strategy includes revenue growth projections of 4-6% and adjusted EPS growth of 10-15% for fiscal 2025 [7][8] Company Performance - ATGE's stock is currently trading above its 50-day moving average, indicating a bullish trend [3] - The company serves over 85,000 students through its post-secondary programs, which are designed to meet the healthcare industry's workforce demands [5] - The trailing 12-month Return on Equity (ROE) for ATGE is 14.1%, significantly higher than the industry average of 3.8%, indicating efficient use of shareholders' funds [10] Financial Projections - For fiscal 2024, ATGE expects revenues of $1.56-$1.58 billion, an increase from previous estimates of $1.52-$1.56 billion, with adjusted EPS projected at $4.80-$5.00 [8] - The Zacks Consensus Estimate indicates a year-over-year EPS growth of 16.4% for fiscal 2024 and 16.6% for fiscal 2025, although the estimate revision trends suggest limited upside potential [15][16] Industry Context - The U.S. healthcare sector is facing a significant shortage of professionals, with an estimated 200,000 shortage of nurses expected to rise to 400,000 by 2025, which poses challenges for the industry [13] - Proposed new Gainful Employment (GE) regulations by the U.S. Department of Education may impact ATGE's Title IV eligibility, requiring programs to meet specific debt-to-earnings ratio thresholds [14]

Core Viewpoint - The article emphasizes the importance of identifying and sustaining stock price trends for successful short-term investing, highlighting the utility of a "Recent Price Strength" screen to find stocks with strong fundamentals and upward momentum [1]. Group 1: Stock Performance - Adtalem Global Education (ATGE) has shown a significant price increase of 46.9% over the past 12 weeks, indicating strong investor interest [2]. - The stock has also maintained a price increase of 4% over the last four weeks, suggesting that the upward trend is still intact [2]. - ATGE is currently trading at 93.9% of its 52-week high-low range, indicating a potential breakout opportunity [2]. Group 2: Fundamental Strength - ATGE holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [3]. - The Zacks Rank system has a strong historical performance, with Rank 1 stocks averaging an annual return of +25% since 1988 [3]. - The Average Broker Recommendation for ATGE is 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [3]. Group 3: Investment Strategy - The article suggests that ATGE is a strong candidate for trend investing and encourages exploring other stocks that meet similar criteria through the "Recent Price Strength" screen [4]. - It highlights the availability of over 45 Zacks Premium Screens tailored to different investing styles, which can help identify potential winning stocks [4].

Group 1 - Gray Television (GTN) operates 15 CBS-affiliated, 7 NBC-affiliated, 7 ABC-affiliated television stations, and 4 daily newspapers, with a Zacks Rank 1 (Strong Buy) [1] - The Zacks Consensus Estimate for Gray Television's current year earnings has increased by 24.7% over the last 60 days [1] - Gray Television has a PEG ratio of 0.10 compared to the industry average of 0.78 and possesses a Growth Score of A [1] Group 2 - Adtalem Global Education (ATGE) is a leading healthcare education provider and workforce solutions innovator, also carrying a Zacks Rank 1 [2] - The Zacks Consensus Estimate for Adtalem Global Education's current year earnings has increased by 5.8% over the last 60 days [2] - Adtalem Global Education has a PEG ratio of 0.90 compared to the industry average of 1.62 and possesses a Growth Score of A [2] Group 3 - Sasol (SSL) is engaged in the mining and processing of coal and holds a Zacks Rank 1 [2] - The Zacks Consensus Estimate for Sasol's current year earnings has increased by 6.7% over the last 60 days [2] - Sasol has a PEG ratio of 0.28 compared to the industry average of 0.74 and possesses a Growth Score of B [2]

Core Insights - Adtalem Global Education (ATGE) is currently rated as a Strong Buy (1) by Zacks, while Lincoln Educational Services Corporation (LINC) holds a Buy (2) rating, indicating a more favorable outlook for ATGE in the context of value investing [2] - The Zacks Rank emphasizes stocks with positive earnings estimate revisions, suggesting that ATGE has an improving earnings outlook compared to LINC [2] Valuation Metrics - ATGE has a forward P/E ratio of 13.46, significantly lower than LINC's forward P/E of 23.73, indicating that ATGE may be undervalued relative to LINC [3] - The PEG ratio for ATGE is 0.90, while LINC's PEG ratio is 1.58, further suggesting that ATGE offers better value when considering expected earnings growth [3] - ATGE's P/B ratio stands at 1.88 compared to LINC's P/B of 2.18, reinforcing the notion that ATGE is more attractively valued [3] - Overall, ATGE has a Value grade of B, while LINC has a Value grade of C, highlighting ATGE's superior valuation metrics [3]

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today June 25th:Adtalem Global Education (ATGE) : This company which is a leading healthcare education provider and workforce solutions innovator., carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.8% over the last 60 days.Adtalem Global Education has a PEG ratio of 0.89 compared with 1.55 for the industry. The company possesses a Grow ...