CAMBRIDGE, England and FOSHAN, China, June 20, 2025 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE: BEDU), a global premier education service company, today announced that the independent special committee (the "Special Committee") of the Company's board of directors (the "Board"), formed to evaluate and consider the previously announced preliminary non-binding proposal letter dated May 26, 2025 (the "Proposal"), has retained Kroll, LLC as its financial a ...

Core Viewpoint - Bright Scholar Education Holdings Limited has formed a special committee to evaluate a preliminary non-binding proposal received on May 26, 2025 [1][2]. Company Overview - Bright Scholar is a premier global education service group that provides quality international education to students worldwide, equipping them with essential academic foundations and skillsets for higher education success [3].

Financial Data and Key Metrics Changes - The company reported revenue from continuing operations of $43.8 million, a decrease from $48.5 million in the same quarter last fiscal year [19] - Net income from continuing operations increased significantly by over 2,000% year over year, reaching RMB3.2 million compared to RMB0.3 million in the same quarter last fiscal year [18][21] - Adjusted net income grew by 179.5% to RMB2.5 million compared to RMB1.3 million for the same quarter last fiscal year [21] Business Line Data and Key Metrics Changes - The schools business accounted for approximately 61% of total revenue, maintaining stable enrollment at 2,699 students year over year [7][9] - Revenue from the overseas study consulting business increased by 6.2% to RMB11.9 million [17][21] - Schools and other revenues were reported at $26.6 million and $5.3 million respectively [21] Market Data and Key Metrics Changes - The company achieved a 14.2% year-over-year improvement in revenue per enrollment at U.S. schools [8] - In the UK, students received offers from eight of the top 10 UK universities, including prestigious institutions like Cambridge and UCL [13][14] Company Strategy and Development Direction - The company is focused on executing a dual engine growth strategy, expanding its school business while enhancing global recruitment efforts [7][15] - There is a commitment to operational efficiency and maintaining high academic standards to drive sustainable long-term value [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to deliver stronger long-term value to students, families, and shareholders, despite macroeconomic headwinds [15] - The company remains optimistic about capitalizing on the growing demand for premier international education [15] Other Important Information - SG&A expenses decreased by 30.7% year over year, improving the SG&A to revenue ratio by 1.2 percentage points [18][21] - The company reported a gross margin from continuing operations of 30%, slightly down from 30.8% in the same quarter last fiscal year [20] Q&A Session Summary - There were no questions during the Q&A session, indicating a lack of immediate inquiries from analysts or investors [23]

Core Viewpoint - Bright Scholar Education Holdings Limited will release its unaudited financial results for the second quarter of fiscal 2025 on April 28, 2025, before the US market opens [1]. Financial Results Announcement - The financial results will cover the period ended February 28, 2025 [1]. - An earnings conference call is scheduled for April 28, 2025, at 7:00 a.m. U.S. Eastern Time [2]. - Dial-in details for the conference call are provided for various regions, including Mainland China, Hong Kong, the United States, and international participants [2]. Conference Call Details - Participants are advised to join the call at least 5 minutes prior to the start time [2]. - A live and archived webcast of the conference call will be available on the company's investor relations website [2]. Replay Information - A replay of the conference call will be accessible until May 5, 2025, with specific telephone numbers and a replay passcode provided [3]. Company Overview - Bright Scholar is described as a global premier education service group, focusing on providing quality international education to students worldwide [3]. - The company aims to equip students with the necessary academic foundation and skillsets for higher education success [3].