EXPERIENCE THE BEST IN MEDICINE 3Q25 & 9M25 FINANCIAL RESULTS WEBCAST PRESENTATION SAFE HARBOR This presentation contains forward -looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 , which statements involve substantial risks and uncertainties . All statements other than statements of historical fact, could be deemed forward -looking, including risks and uncertainties related to statements about our competition ; our ability to attract, upsell and retain students ...

Core Insights - McGraw Hill reported financial results for its fiscal second quarter 2026, indicating resilience in recurring and digital revenue growth despite a smaller anticipated K-12 market opportunity [1] Financial Performance - The company demonstrated growth in recurring and digital revenues, highlighting its adaptability in a challenging market environment [1] - The fiscal second quarter ended on September 30, 2025, marking a significant period for the company's financial assessment [1]

Group 1 - The private-equity firm is planning to seek bids next month for its stake in XCL Education, a school operator in Southeast Asia [1]

Core Insights - Lincoln Educational is set to report earnings, with analysts expecting a revenue growth of 14.9% year on year to $131.5 million, aligning with the previous year's growth of 14.8% [2] - The company has a strong track record of exceeding revenue expectations, averaging a 3.4% beat over the past two years [3] Financial Performance - Last quarter, Lincoln Educational reported revenues of $116.5 million, a 13.2% increase year on year, and beat analysts' revenue expectations by 0.5% [1] - The company had 14,356 enrolled students, remaining flat year on year [1] - Adjusted earnings for the upcoming quarter are anticipated to be $0.12 per share [2] Market Context - Peers in the education services segment, such as Strategic Education and Bright Horizons, have reported positive results, with revenue growth of 4.6% and 11.6% respectively, indicating a favorable market environment [4] - Lincoln Educational's share price has decreased by 12.5% over the past month, while the average analyst price target stands at $26.20 compared to the current share price of $18.63 [5]

3Q25 Earnings Presentation November 6, 2025 INDEX DISCLAIMER This presentation contains forward-looking statements that can be identified using forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" and "potential," among others. Forward-looking statements appear in several places in this presentation and include, but are not limited to, statements regarding our intent, belief or current expectations. Forward-looking statements are based on our manag ...

Core Insights - Vasta Platform Limited reported a net revenue of R$1,737 million for the 2025 sales cycle, marking a 13.6% increase from the previous cycle, primarily driven by the conversion of Annual Contract Value (ACV) into revenue [3][4][14] - The company achieved a net revenue of R$250 million in 3Q25, a 13.4% increase year-over-year, with significant contributions from the public-school sector and non-subscription revenue [4][15] - Adjusted EBITDA for the 2025 sales cycle reached R$494 million, a 9.9% increase compared to the previous cycle, while the Adjusted EBITDA margin decreased slightly to 28.4% [6][17] - Free cash flow (FCF) for the 2025 sales cycle totaled R$316 million, representing a substantial growth of 116.6% compared to R$146 million in the previous cycle [7][28] - The company’s net debt to LTM adjusted EBITDA ratio improved to 1.75x as of 3Q25, down from 2.32x in the same quarter of the previous year, indicating a focus on deleveraging and cash generation [8][30] Financial Performance - Subscription revenue in the 2025 sales cycle totaled R$1,552 million, a 14.3% increase, constituting 89.3% of total net revenue [5][14] - Non-subscription revenue increased by 15.7%, supported by higher enrollment in Start-Anglo bilingual schools [14] - Adjusted net profit for the 2025 sales cycle was R$82 million, a 32.2% increase compared to R$62 million in the previous cycle, with an adjusted net margin of 4.7% [24] Operating Performance - The student base for core content solutions reached approximately 1.5 million, while over 560,000 students benefited from complementary solutions [11][12] - The Start-Anglo bilingual school operations expanded, with plans to launch 8 new operating units next year [10] Market Segments - The B2G segment generated R$67 million in revenue during the 2025 sales cycle, with a strong pipeline for future projects [9] - The company continues to focus on enhancing its client base through a better mix of schools and premium education systems [12] Cash Flow and Debt Management - The FCF/Adjusted EBITDA conversion rate improved significantly from 32.5% to 64.0%, reflecting operational efficiency [28] - The company negotiated and extended the maturity of corporate loans while reducing interest rates, contributing to improved financial health [8][30] ESG and Sustainability - Vasta published its fourth sustainability report, reaffirming its commitment to transparency and sustainability, including initiatives for diversity and inclusion [31][32] - The company has maintained its FSC certifications and is actively involved in social impact programs, such as the Somos Futuro Program [31][36]

Financial Data and Key Metrics Changes - On an adjusted constant currency basis, revenue rose 5% from the previous year, with adjusted earnings increasing by 41% to $1.64 compared to $1.16 from the prior year [5][6] - Operating income grew by 39%, and operating expenses increased by less than 1%, resulting in a 400 basis point margin expansion [5][6] Business Line Data and Key Metrics Changes - The Education Technology Services division saw revenue and operating income increase by 46% and 48% year-over-year, reaching $38 million and $16 million, respectively [6] - U.S. higher education revenue grew by 3% from the prior year, driven by higher revenue per student despite a slight decrease in total enrollment [7][9] - The Australia and New Zealand segment experienced a 2% decrease in revenue to $70 million, with operating income declining from $15 million to $13 million [10] Market Data and Key Metrics Changes - Employer-affiliated enrollment in U.S. higher education increased approximately 8% from the prior year, now representing 33% of all U.S. higher education enrollment [7] - The healthcare portfolio within U.S. higher education generated strong total enrollment growth of 7% from the prior year, representing half of all U.S. higher education enrollments [7][8] Company Strategy and Development Direction - The company is focused on leveraging technology to enhance productivity, with an expectation to save upwards of $100 million in operating expenses by the end of 2027 [15][16] - The strategy includes a strong emphasis on employer partnerships and direct-to-consumer offerings, particularly through the Sofia Learning platform [6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about new student growth in Australia and New Zealand in 2026, anticipating a return to total enrollment growth by the end of that year [19][27] - The company remains confident in achieving its long-term financial targets, with no current indicators suggesting a deviation from the outlined notional model [20] Other Important Information - The company repurchased approximately 429,000 shares for a total of $34 million during the quarter, with $134 million remaining on its share repurchase authorization [10] Q&A Session Summary Question: What drove the healthy revenue per student gain in the quarter? - Management indicated that lower drop rates and higher course enrollments per student contributed to the revenue per student increase, with expectations for continued benefits [14] Question: Can you provide details on the expense reductions in the U.S.? - Management noted an aggressive productivity initiative aimed at reducing operating expenses, with a run rate of approximately $30 million in reductions already achieved [15][16] Question: How are Strayer and Capella performing relative to each other? - Capella has shown stronger growth, while Strayer has faced challenges primarily due to a reduction in non-affiliated students [18] Question: What is the outlook for the Australia and New Zealand segment? - Management expects new student growth in 2026, with hopes for total enrollment growth by the end of that year [19][27] Question: What is the exposure to military and veteran students amid the government shutdown? - Management stated that there has been no significant impact observed, as the company has very few direct military students [30][31]

Accessibility StatementSkip Navigation PHOENIX, Nov. 5, 2025 /PRNewswire/ -- Grand Canyon Education, Inc. (NASDAQ: LOPE), ("GCE" or the "Company"), is a publicly traded education services company that currently provides services to 20 university partners. Â GCE provides a full array of support services in the post-secondary education sector and has developed significant technological solutions, infrastructure and operational processes to provide superior services in these areas on a large scale. Â GCE today ...

Core Insights - New Oriental Education & Technology Group Inc. reported a 6.1% year-over-year revenue increase to $1.52 billion for the first quarter of its fiscal year, with operating profit rising 6% to $310 million, but net profit declined by 1.9% to $240 million, disappointing investors [2][3][4] Financial Performance - Revenue from overseas test preparation and overseas study consulting grew by only 1% and 2% year-over-year, respectively, while domestic exam prep for adults and university students increased by 14.4% and new educational initiatives grew by 15.3% [3][10] - The company’s revenue for the fiscal year through May is projected to reach up to $5.4 billion, with current quarter revenue guidance between $1.13 billion and $1.16 billion, indicating 9% to 12% year-over-year growth [8][13] Market Reaction - Following the profit decline, New Oriental's U.S.-listed shares fell over 9% intraday, closing down 3.4% at $58.56, while Hong Kong shares also dropped [4][5] - Despite the selloff, the stock is trading over 20% higher than its six-month lows, indicating some investor confidence remains [5] Strategic Focus - In light of limited revenue growth potential, the company is prioritizing cost optimization and operational efficiency to improve profits, as stated by CFO Yang Zhihui [11][12] - New Oriental aims to maintain discipline in cost management across all business lines for sustainable growth [12] Growth Challenges - The growth of overseas test preparation and study consulting services has significantly slowed, with expectations of flat revenue for overseas study consulting and only 5% to 10% growth for overseas test preparation in the current fiscal year [9][16] - Ongoing U.S.-China tensions and protectionist policies are creating uncertainty for the overseas study business, which is a major revenue source for New Oriental [9][15] Valuation and Leadership - The current stock price gives New Oriental a forward P/E ratio of 25, reflecting steady operations but lacking immediate growth catalysts [17] - CEO Yu Minhong's leadership is highlighted as a key asset, with a strong track record in navigating regulatory challenges, positioning the company for future opportunities [18]

Core Insights - Five stocks have been added to the Zacks Rank 1 (Strong Buy) List, indicating strong potential for investment returns Group 1: Stocks and Earnings Estimates - TAL Education Group (TAL) has seen a 5.1% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Flex Ltd. (FLEX) has experienced a 4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Norwegian Cruise Line Holdings Ltd. (NCLH) has had a 3.5% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - SkyWest, Inc. (SKYW) has seen a 3.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Mitsui & Co., Ltd. (MITSY) has experienced a 3.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2]