LAUR - Laureate Education GAAP EPS of -$0.17 misses by $0.10 revenue of $251.3M beats by $18.2M

2023-05-04 09:07:33 ET

• Laureate Education press release ( NASDAQ: LAUR ): Q1 GAAP EPS of -$0.17 misses by $0.10 .
• Revenue of $251.3M (+19.9% Y/Y) beats by $18.2M .

• Laureate has a strong balance sheet position. As of March 31, 2023, Laureate had $130.6 million of cash and gross debt of $266.2 million. Accordingly, net debt was $135.6 million as of March 31, 2023.

• Based on the current foreign exchange spot rates, Laureate currently expects its full-year 2023 results to be as follows:

  Total enrollments are still expected to be in the range of 447,000 to 455,000 students, reflecting growth of 6%-7% versus 2022;

  Revenues are now expected to be in the range of $1,412 million to $1,427 million, reflecting growth of 14%-15% on an as-reported basis and 9%-10% on an organic constant currency basis versus 2022; and

  Adjusted EBITDA is now expected to be in the range of $398 million to $406 million, reflecting growth of 17%-20% on an as-reported basis and 13%-15% on an organic constant currency basis versus 2022.

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