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Laureate Education(LAUR) - 2025 Q1 - Earnings Call Transcript
2025-05-01 12:30
Financial Data and Key Metrics Changes - The first quarter revenue was $236 million, with adjusted EBITDA of $5 million, both metrics exceeding previous guidance [18][22] - On an organic constant currency basis, revenue increased by 10% year over year, and adjusted EBITDA rose by 132% [18][22] - The first quarter net loss was $20 million, resulting in a loss per share of $0.13, while the adjusted net loss was $17 million with an adjusted loss per share of $0.11 [18][22] Business Line Data and Key Metrics Changes - In Mexico, new enrollments increased by 8%, with total enrollments up by 7%, driven by strong growth in fully online programs [19][20] - In Peru, new enrollments rose by 6%, with total enrollments up by 5%, reflecting a favorable operating environment post-recession [21][22] - Adjusted for timing of the academic calendar, revenue in Mexico increased by 11% and adjusted EBITDA was up by 22% [20][22] Market Data and Key Metrics Changes - The company noted that participation rates in higher education in Mexico and Peru are growing but remain below developed markets, indicating significant growth opportunities [29] - The macroeconomic backdrop in Peru is stable, with GDP growth projected at approximately 3% for 2025, while Mexico's economic ties to the US provide a solid foundation for growth despite recent trade tensions [9][10] Company Strategy and Development Direction - The company aims to capitalize on the growing demand for quality higher education in Mexico and Peru, leveraging its strong digital capabilities and leading brands [8][29] - The company is committed to returning excess capital to shareholders, with a focus on maintaining a strong balance sheet and efficient operations through campus consolidations in Mexico [22][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business model, which has historically performed well during economic downturns [7][9] - The company anticipates continued volatility in the macroeconomic environment but remains optimistic about growth prospects in both markets [10][29] Other Important Information - The company repurchased $42 million of stock during the quarter and has $56 million remaining under its stock repurchase authorization [22][27] - The company expects total enrollments for 2025 to be between 491,000 and 495,000 students, reflecting growth of 4% to 5% versus 2024 [26] Q&A Session Summary Question: Are you seeing any hesitancy from potential students in Mexico? - Management noted robust demand during the recent secondary intake, particularly among working adult students, and expects the primary intake to mirror last year's performance [33][34] Question: Can you clarify the intake cycle and normalization of numbers? - Management confirmed that the intake cycle in Peru was delayed by two weeks, which affected the reported numbers but did not indicate any other normalization [39][40] Question: What is the status of fully digital courses? - Management reported that fully online courses are growing at a double-digit rate, significantly outpacing traditional face-to-face programs, with about 20% of the student population enrolled in digital learning [51][52] Question: What are the plans for capital allocation moving forward? - The company is committed to returning excess cash to shareholders, with plans to continue stock repurchases as guided by their capital allocation strategy [54][55]
Laureate Education(LAUR) - 2025 Q1 - Earnings Call Transcript
2025-05-01 12:30
Financial Data and Key Metrics Changes - The first quarter revenue was $236 million, with adjusted EBITDA of $5 million, both metrics exceeding previous guidance [16][20] - On an organic constant currency basis, revenue increased by 10% year over year, and adjusted EBITDA rose by 132% [16][20] - The first quarter net loss was $20 million, resulting in a loss per share of $0.13, while the adjusted net loss was $17 million with an adjusted loss per share of $0.11 [16][20] Business Line Data and Key Metrics Changes - In Mexico, new enrollments increased by 8%, with total enrollments up by 7%, driven by strong growth in fully online programs [17][18] - In Peru, new enrollments rose by 6%, with total enrollments up by 5%, reflecting a recovery from the previous recession [19][20] - Adjusted EBITDA in Mexico increased by 22%, while in Peru, it decreased by $2 million due to seasonality [18][20] Market Data and Key Metrics Changes - The company noted a favorable operating environment in Peru, with GDP growth projected at approximately 3% for 2025 [9] - Mexico's economic ties to the US and its fiscal discipline provide a solid foundation for growth despite recent trade tensions [8][9] - The company expects continued volatility in both markets but remains cautiously optimistic about growth opportunities [9][10] Company Strategy and Development Direction - The company aims to capitalize on the growing demand for quality higher education in Mexico and Peru, leveraging its strong digital capabilities [8][10] - The focus is on expanding access to affordable, high-quality education while maintaining a strong balance sheet [10][28] - The company is committed to returning excess capital to shareholders, with a stock repurchase program in place [20][53] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business model, which has proven effective during economic downturns [7][8] - The company is tightening its full-year guidance, anticipating a 1,000 student increase in total enrollments and a $10 million increase in revenues [22][24] - The outlook for 2025 includes total enrollments in the range of 491,000 to 495,000 students, with revenue expected to be flat to slightly up [25][26] Other Important Information - The company repurchased $42 million of stock during the quarter, with $56 million remaining under the stock repurchase authorization [20][21] - The first quarter's revenue and adjusted EBITDA were impacted by a shift in the academic calendar, with approximately $26 million of revenue expected to shift to the second half of the year [15][23] Q&A Session Summary Question: Are you seeing any hesitancy from potential students in Mexico? - Management noted robust demand during the recent intake, particularly from working adult students, and expects the primary intake to mirror last year's performance [32][33] Question: Can you clarify the intake cycle and normalization of numbers? - Management confirmed that the intake cycle in Peru started later, affecting the reported numbers, but the adjusted figures reflect a 6% increase in new enrollments [38][40] Question: What is the outlook for fully digital courses? - Fully online courses are growing at a double-digit rate, significantly outpacing traditional face-to-face programs, with about 20% of the student population enrolled in digital learning [50][51] Question: What is the capital allocation strategy moving forward? - The company plans to return excess cash to shareholders, with a commitment to convert 50% of EBITDA into free cash flow [53][54]
Laureate Education(LAUR) - 2025 Q1 - Earnings Call Presentation
2025-05-01 11:39
This presentation includes statements that express Laureate's opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, ''forward-looking statements'' within the meaning of the federal securities laws, which involve risks and uncertainties. Laureate's actual results may vary significantly from the results anticipated in these forward-looking statements. You can identify forward-looking statements becaus ...
Laureate Education Reports Financial Results For the First Quarter Of 2025
Globenewswire· 2025-05-01 11:30
Company Overview - Laureate Education, Inc. operates five higher education institutions in Mexico and Peru, enrolling over 470,000 students in various degree programs [25] First Quarter 2025 Highlights - New enrollments decreased by 2% compared to Q1 2024, while total enrollments increased by 4% [4] - Adjusted for semester start date timing, new enrollments increased by 7% and total enrollments by 6% [4] - Revenue for Q1 2025 was $236.2 million, a decrease of 14% from Q1 2024 [6][28] - Adjusted EBITDA for Q1 2025 was $5.4 million, down 82% from $30.6 million in Q1 2024 [8][28] Enrollment Performance - In Peru, new enrollments increased by 6% during the primary intake, while total enrollments grew by 5% [5] - In Mexico, new enrollments rose by 8% and total enrollments by 7% during the secondary intake [5] Financial Performance - Operating loss for Q1 2025 was $(13.2) million, compared to operating income of $11.1 million in Q1 2024, a change of $24.3 million [7] - Net loss for Q1 2025 was $(19.6) million, compared to a net loss of $(10.8) million in Q1 2024 [7] - Basic and diluted loss per share for Q1 2025 was $(0.13), compared to $(0.07) in Q1 2024 [7] Balance Sheet and Capital Structure - As of March 31, 2025, the company had $109.8 million in cash and cash equivalents and gross debt of $114.6 million, resulting in net debt of $4.8 million [9] - The company repurchased approximately $42 million of its common stock during Q1 2025, with $56 million remaining under its stock repurchase program [10] 2025 Outlook - The company updated its 2025 guidance, expecting total enrollments to be between 491,000 and 495,000 students, reflecting a growth of 4%-5% compared to 2024 [15] - Revenue is expected to be in the range of $1,560 million to $1,575 million, indicating growth of 0%-1% on an as-reported basis and 6%-7% on an organic constant currency basis [15] - Adjusted EBITDA is projected to be between $473 million and $480 million, reflecting growth of 5%-7% on an as-reported basis and 11%-13% on an organic constant currency basis [15]
3.14亿元!清华大学采购扫描电镜、研磨仪、旋蒸等大批仪器
仪器信息网· 2025-04-29 09:00
导读: 清华大学发布多批政府采购意向,其中的仪器设备品目34项,预算总额达3.14亿元。 特别提示 微信机制调整,点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标,否则很可能无法看到我们的推送。 近日,清华大学发3 4项仪器设备采购意向,预算总额达3 . 1 4亿元,涉及可扩展原位纳米分辨率三维无损检测系统、离 子研磨仪、中微子探测器反符合探测器、扫描电子显微镜等,预计采购时间为2 0 2 5年4~5月。 | 采购 | 需求概况 | 预算 | 采购 | | --- | --- | --- | --- | | 项目 | | 万元 | 时间 | | | 离子研磨仪能够对透射电镜及扫描电镜样品表面利用通过 | | | | 深圳国际研究 | 电场加速过的离子撞击样品表面,靠微观的机械撞击能量 | | | | 生院离子研磨 | 加工样品,在样品表面产生溅射效应,从而进行抛光或进 | 120 | 2025年 | | 仪 | 行横截面切割,由此制备尺度为毫米级别的平滑表面的研 | | 4月 | | | 磨方法,能够满足各类电镜观察;获得更为准确的原子级 | | | | | 微观结构及成分信息。 | | | | ...
8332万元!昆明医科大学采购液质联用、毛细管电泳等大批仪器
仪器信息网· 2025-04-28 09:05
导读: 近日,昆明医科大学发布多批政府采购意向,仪器信息网特对其中的仪器设备品目进行梳理,统计出10项仪器设备采购意向,预算总额达8332万 | 采购 | | 预算 | 采购 | | --- | --- | --- | --- | | 项目 | 需求概况 | 万元 | 时间 | | 教学科研 | | | | | 大型仪器 | | | | | 设备更新 | 为提高学校教学、科研能力,自筹经费更新一批实验室设 | 7100 | 2025年 | | 采购项目 | 备。 | | 2月 | | (自筹经 | | | | | 费) | | | | | 康复学院 | | | | | 省一流学 | | | 2025年 | | 科建设设 | 满足学校教学及科研需求。 | 292 | 5月 | | 备采购项 | | | | | 目 | | | | | 康复学院 | | | | | 智慧教室 | | | 2025年 | | 设备采购 | 满足学校教学及科研需求。 | 100 | 5月 | | 项目 | | | | | 基础医学 | | | | | 院一流学 | | | | | 科团队平 | 设备仪器一批. | 92 | 2025年 ...
2.71亿元!华中科技大学采购大批仪器
仪器信息网· 2025-04-16 07:06
导读: 华中科技大学发布多批政府采购意向,其中仪器设备品目32项,预算总额达2.71亿元。 特别提示 微信公众号机制调整,请点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标,否则很可能无法看到我们的推送。 近日,华中科技大学发布3 2项仪器设备采购意向,预算总额达2 . 7 1亿元,涉及8英寸介质刻蚀机、氧化物电介质磁控溅 射仪、晶圆键合机、化学链燃烧源头碳捕集子系统、往复泵泵体等,预计采购时间为2 0 2 5年1~11月。 | 采购 | 需求概况 | 预算 | 采购 | | --- | --- | --- | --- | | 项目 | | 万元 | 时间 | | | 拟购8英寸介质刻蚀机1台,该设备利用化学反应和物理离 | | | | | 子轰击去除硅片表面的材料来实现高精度图形化。晶圆尺 | | | | | 寸:8英寸向下兼容;片内不均匀性:<5%;片间不均匀 | | | | 8英寸介质 | 性:<5%;刻蚀形貌:85°±5°。服务要求:设备安装调试 | 450 | 2025年 | | 刻蚀机 | | | 4月 | | | 后,提供不少于3个工作日的技术培训服务;所有硬件一 | | | | | ...
预算8497万元!北京邮电大学近期大批仪器采购意向
仪器信息网· 2025-04-11 06:57
导读: 近日,北京邮电大学发布多批政府采购意向,仪器信息网特对其中的仪器设备品目进行梳理,统计出5项仪器设备采购意向, 等技术的核心原理和实际应用,有助于学生更好地理解课 堂上所学的理论知识,并培养解决实际问题的能力。 | 天线及功 | | | | | --- | --- | --- | --- | | | | | 2025年 | | 放货物采 | 某项目所需定制研发60余套多类型天线及功放。 | 240 | 4月 | | 购项目 | | | | | 两类工程 | | | | | 验证基带 | | | 2025年 | | 模块货物 | 某项目所需定制研发两类20套工程验证基带模块。 | 210 | 4月 | | 采购项目 | | | | | 智能无人 | | | | | 系统实践 | 机器人打磨工作站2套,机器人力控装配站2套,增材制造 | | | | | 及物料柔性移动机器人运输系统2套,自动工件测量、打标 | | | | 教学子平 | | | 2025年 | | | 及系统监测系统2套,多机器人协同智能制造管理与调度系 | 1318 | | | 台(货 | | | 6月 | | | 统2套,多机器人协同智 ...
Rasmussen University Celebrates 125 Years of Transforming Lives Through Career-Focused Education and Strengthening Communities
Prnewswire· 2025-04-10 13:05
Core Perspective - Rasmussen University is celebrating its 125th anniversary in 2025, highlighting its legacy of transforming lives and strengthening communities through career-focused education [1][4][10] Company Overview - Founded in 1900 by Walter Rasmussen, the institution began as the Rasmussen Practical School of Business in St. Paul, Minnesota, addressing the need for skilled professionals [5] - Over the years, Rasmussen University has expanded its offerings to include more than 60 undergraduate and graduate programs across eight areas of study, with a strong emphasis on nursing education [7][11] Legacy and Impact - The university has a long-standing commitment to expanding access to education, particularly for underrepresented and underserved populations, and has pioneered online learning to meet workforce needs [6][10] - Rasmussen University emphasizes the belief that education creates opportunities, empowering generations of learners to make a lasting impact on their communities [5][6] Anniversary Activities - Throughout 2025, Rasmussen will host various activities and initiatives to celebrate its legacy, including campus celebrations, a traveling Green Couch series for engaging conversations, and research studies focused on legacy and future skills [9][12] - The university will also launch targeted campaigns in key communities to raise awareness of its anniversary and legacy through multi-platform messaging and social media engagement [9][12]
预算8573万元!安徽农业大学近期大批仪器采购意向
仪器信息网· 2025-04-10 07:34
导读: 近日,安徽农业大学发布多批政府采购意向,仪器信息网特对其中的仪器设备品目进行梳理,统计出20项仪器设备采购意向, 预算总额达8573万元。 特别提示 微信公众号机制调整,请点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标,否则很可能无法看到我们的推送。 近日,安徽农业大学发布2 0项仪器设备采购意向,预算总额达8 5 7 3万元,涉荧光定量PCR仪、多功能酶标仪、MST微 量热泳动仪、超导核磁共振波谱仪、X单晶线衍射仪、全自动核酸提取纯化仪等,预计采购时间为2 0 2 5年2~5月。 | 采购项目 | 需求概况 | 预算 | 采购 | | --- | --- | --- | --- | | | | 万元 | 时间 | | 茶树生物 | | | | | 学与资源 | | | | | 利用国家 | 安徽农业大学茶树生物学与资源利用国家重点实验室重大 | | | | 重点实验 | 科研设备更新项目为建设学科核心平台,购置设备一批, | | | | 室重大科 | 包括:荧光定量PCR仪、多功能酶标仪、MST微量热泳动 | | | | 研设备更 | 仪等,以满足我校核心学科建设需要。要求货物质量符合 ...