Laureate Education(US:LAUR)2021-05-06 16:50Financial Performance - Q1 2021 net loss was $165 million, impacted by Laureate tradename impairment and discrete tax items[9] - Q1 2021 Adjusted EBITDA was $10 million, ahead of expectations due to Peru intake and expense timing[9] - The company reaffirms full-year 2021 guidance and 2022 outlook[9] - An additional $1.95 billion of net proceeds is expected from signed asset sales during 2021[9] - The company announced a $200 million increase in share repurchase authorization, bringing the total to $500 million[9] Segment Results - Mexico's Q1 2021 revenue decreased by 11% organically to $135 million, impacted by lower enrollments and mix shift[19] - Mexico's Q1 2021 Adjusted EBITDA was $17 million, a 1% organic increase, with revenue softness offset by cost controls[19] - Peru's Q1 2021 revenue increased by 68% organically to $57 million, with a 19% adjustment for timing[20] - Peru's Q1 2021 Adjusted EBITDA improved by $38 million year-over-year to $12 million, driven by timing and strong intake[20] Future Outlook - The company anticipates $280 million Adjusted EBITDA from Mexico and Peru operations in 2022[10] - The company expects $1.95 billion of net proceeds from the sales of Walden and Brazil[10]