Laureate Education ( (LAUR) ) has released its Q4 earnings. Here is a breakdown of the information Laureate Education presented to its investors.
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Laureate Education, Inc., a prominent operator of higher education institutions in Mexico and Peru, provides undergraduate, graduate, and specialized degree programs through both campus-based and online learning. The company is committed to academic quality and innovation, emphasizing employability outcomes and accessibility to higher education.
Laureate Education reported a robust financial performance for the fourth quarter and full-year 2024, with significant increases in revenue and net income. The company saw a 3% rise in reported revenue for Q4 2024, reaching $423.4 million, and a 6% increase for the full year, totaling $1,566.6 million. Operating income also grew, contributing to a notable increase in net income, which more than doubled from the previous year.
Key performance metrics for Laureate included a 10% revenue increase on an organic constant currency basis for Q4, driven by higher enrollment and improved pricing. The company’s net income for the year soared to $296.4 million, largely due to favorable foreign currency exchange effects and a discrete tax benefit. Additionally, Laureate’s adjusted EBITDA for 2024 reached $450.1 million, reflecting an 8% improvement from the prior year.
The company’s strong financial health is underscored by its balance sheet, with a net debt position of $10.7 million. During 2024, Laureate repurchased approximately $102 million worth of its common stock, showcasing confidence in its financial strategy and commitment to returning capital to shareholders.
Looking ahead to 2025, Laureate anticipates continued growth in local currency revenue and adjusted EBITDA, despite potential headwinds from foreign currency translation due to the weakening Mexican Peso. The management remains focused on growth opportunities in its core markets while prioritizing shareholder returns.
