Core Insights - Montreal-based Formula Growth has acquired a new position in Laureate Education, purchasing 111,000 shares valued at $3.5 million, representing approximately 1.25% of the fund's reportable U.S. equity assets as of quarter-end [2][3]. Company Overview - Laureate Education reported a revenue of $1.58 billion and a net income of $203.71 million for the trailing twelve months (TTM) [5]. - The company's stock price as of the last market close was $33.83, reflecting an impressive one-year price change of 86% [5]. Recent Performance - In the third quarter, Laureate Education achieved revenue of $400.2 million, marking a 9% year-over-year increase, with adjusted EBITDA rising to $94.8 million [12]. - Total enrollments increased by 6% year to date, with particularly strong growth observed in Peru [12]. Financial Position - Laureate Education ended the quarter with $241 million in cash and $102 million in debt, resulting in a net cash position [12]. - The management has raised full-year guidance and expanded its share repurchase authorization to $250 million, indicating confidence in the company's free cash flow durability [12]. Business Model - Laureate Education provides undergraduate and graduate degree programs in various fields through a network of universities and higher education institutions in Mexico, Peru, and the United States [9][10]. - The company primarily generates revenue from tuition and related educational services, targeting students seeking higher education, especially in emerging markets in Latin America and select U.S. locations [9].

Core Insights - Lincoln Educational Services Corporation's campuses in Melrose Park, IL and South Plainfield, NJ have been recognized as "America's Top Vocational Schools" for 2025 by USA Today, highlighting their commitment to student success and diversity [1][2] Group 1: Recognition and Commitment - The recognition as a top vocational school reflects Lincoln Tech's dedication to training essential workers in vital industries such as transportation, skilled trades, and healthcare support [2] - The award emphasizes Lincoln Tech's commitment to excellence in hands-on education, career readiness, and workforce development, with graduates acquiring high-demand skills that lead to employment opportunities [3][9] Group 2: Evaluation Criteria - The evaluation by USA Today and Statista was based on five main criteria: graduation rate, graduate salaries, diversity within the student body, anticipated years to pay off a program, and social mobility [2] - This is the inaugural year for USA Today to publish this list, indicating a new benchmark for vocational education recognition [2] Group 3: Campus Performance - The Melrose Park campus, established in 1902, reported that 75% of its graduates were hired in their field last year, with over 700 students graduating [3] - The South Plainfield campus also demonstrated strong hiring rates for graduates of its Diesel Service Technology, Heavy Equipment Technology, and Welding Technology programs, with nearly 200 students completing their training last year [4] Group 4: Company Overview - Lincoln Educational Services Corporation has been a leader in diversified career-oriented post-secondary education since 1946, offering programs in transportation, healthcare, skilled trades, and information technology [5][6] - The company operates 21 campuses across 12 states under three brands: Lincoln College of Technology, Lincoln Technical Institute, and Nashville Auto-Diesel College [6]