Accessibility StatementSkip Navigation LANCASTER, Calif., Sept. 16, 2025 /PRNewswire/ -- Legacy Education Inc. ("Legacy Education" or the "Company") (NYSE American: LGCY), a leading provider of career education healthcare programs, announces the appointment of Zwade J. Marshall, MD, MBA and Janis L. Paulson to its Board of Directors. These individuals bring significant experience in clinical medicine, financial innovation, and higher education leadership, further strengthening Legacy's ability to expand ac ...

Financial Data and Key Metrics Changes - Revenue reached $1,790,000,000, up 12.9% year over year [8] - Adjusted EBITDA margin expanded 190 basis points to 25.7% [8] - Adjusted earnings per share grew 33% to $6.67 [8] - Free cash flow generated was $283,000,000 [8] - Term Loan B balance reduced by $100,000,000, lowering borrowing costs by 75 basis points [8] Business Line Data and Key Metrics Changes - Chamberlain University reported fourth quarter revenue of $184,300,000, an increase of 10.3% year over year, with total student enrollment increasing 5.8% [24] - Walden University achieved fourth quarter revenue of $182,200,000, up 16.6% year over year, with total student enrollment up 15% [25] - Medical and Veterinary segment reported fourth quarter revenue of $90,600,000, an increase of 4.7% year over year, with total student enrollment up 1% [27] Market Data and Key Metrics Changes - Total enrollment grew every quarter, averaging over 10% for the year [8] - Proprietary institutions supply 17% of registered nurses entering the workforce, with graduates from for-profit bachelor's degree programs having lower unemployment rates [9][10] Company Strategy and Development Direction - The company is focused on a "growth with purpose" strategy, emphasizing sustainable growth and community impact [6][7] - Partnerships with healthcare employers, such as SSM Health, are aimed at creating direct employment pathways for students [12] - The company plans to continue investing in student-facing technologies and marketing to maximize current capacity and expand access [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence entering fiscal year 2026, expecting revenue of $1,900,000,000 to $1,940,000,000 and adjusted EPS of $7.6 to $7.90 [16][29] - The demand for career-aligned healthcare programs is expected to grow as the national workforce shortage deepens [15] Other Important Information - The company returned $211,000,000 in excess capital to shareholders through share repurchases [8] - A new $150,000,000 Board authorization for share repurchases was announced [23] Q&A Session Summary Question: Operational performance and share gain drivers - Management attributed share gains to program flexibility, commitment to student success, and strong employer relationships [33] Question: Impact of regulatory changes on student demand - Management reported no dampening in demand for programs, with confidence in alternative financing options for students [35][36] Question: Long-term growth strategies and potential challenges - Management highlighted robust demand trends in healthcare professions and ongoing discussions with providers about new program needs [41][42] Question: Marketing success and brand strategy - Management noted improved brand awareness and targeted marketing strategies as key drivers of enrollment success [53]

Core Insights - Concorde Career Colleges is relocating its Aurora campus to Denver as part of Universal Technical Institute's North Star strategy to address the skilled workforce gap in America [1][2] - The new Denver campus will occupy 60,000 square feet and is expected to enhance the learning experience with expanded programming and facilities [1][3] Company Overview - Concorde Career Colleges operates 17 campuses across eight states and focuses on preparing healthcare and dental professionals through a blended education model [5] - The institution is accredited by the Accrediting Commission of Career Schools and Colleges (ACCSC) and the Council on Occupational Education (COE) [5] Industry Context - There is a significant demand for skilled healthcare professionals in Colorado, with projected job growth rates of 13% for dental hygienists and practical nurses, and 17% for radiologic technologists from 2022 to 2032 [3][4] - The relocation to a larger facility is aimed at meeting local employer needs and enhancing student outcomes in high-demand healthcare fields [2][3]