Adtalem Education (ATGE) - 2026 Q1 - Earnings Call Presentation

Q1 FY26 Performance - Adtalem reported revenue of $462.3 million, a 10.8% increase compared to the prior year[13] - The adjusted EBITDA margin was 24.2%, a 100 bps increase compared to the prior year[13] - Adjusted EPS was $1.75, a 35.7% increase compared to the prior year[13] - Total enrollment grew by 8.0% year-over-year, reaching 97,359 students[13,22] Segment Performance - Chamberlain's revenue increased by 6.7% to $179.2 million, with total enrollment up by 2.2% to 39,846 students[27] - Walden's revenue increased by 17.6% to $190.0 million, with total enrollment up by 13.6% to 52,216 students[32] - Medical & Veterinary revenue increased by 5.9% to $93.1 million, with total enrollment up by 2.4% to 5,297 students[35] Financial Position - Trailing twelve months free cash flow was $319 million[17] - Cash and equivalents totaled $265 million as of September 30, 2025[17] - The company repaid $50 million of outstanding Term Loan B balance on October 29, 2025[17] FY26 Guidance - Adtalem projects revenue between $1.90 billion and $1.94 billion, representing year-over-year growth of approximately 6.0% to 8.5%[41] - The company anticipates approximately 100 bps adjusted EBITDA margin expansion[41] - Adjusted EPS is expected to be between $7.60 and $7.90, representing year-over-year growth of approximately 14.0% to 18.5%[41]