Laureate Education(US:LAUR)2024-08-01 13:12Second Quarter 2024 Performance - Year-to-date New and Total Enrollments increased 2% and 5%, respectively, versus year-to-date prior year[9] - Q2 Net Income was $128 million, a $72 million increase compared to the prior year period[9] - Q2 Revenue reached $499 million, an 8% increase as reported and 7% on an organic constant currency basis[12] - Q2 Adjusted EBITDA was $187 million, a 7% increase as reported and 6% on an organic constant currency basis[12] Segment Results - Mexico's Q2 Revenue increased by 10% organically to $219 million, with Adjusted EBITDA up by 21%[14] - Peru's Q2 Revenue increased by 5% organically to $281 million, but Adjusted EBITDA increased by 3%[16] - Mexico's total enrollment increased 9%[12], while Peru's total enrollment increased 1%[12] 2024 Outlook - The company reaffirms full-year 2024 guidance on a constant currency basis but adjusts as-reported guidance down by $15 million for Revenue and $5 million for Adjusted EBITDA due to Mexican peso volatility[9] - Full-year 2024 Revenue is expected to grow by 5%-6% on both an as-reported and organic constant currency basis[18] - Full-year 2024 Adjusted EBITDA is expected to grow by 5%-8% as reported and 6%-9% on an organic constant currency basis[18]