The following is a summary of the Adtalem Global Education Inc. (ATGE) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Adtalem reported Q3 revenue of $413 million, an 11.8% rise compared to the previous year.

• Operating margin has expanded and the adjusted earnings per share were $1.50, showing a 32.7% growth compared to the previous year.

• For fiscal year 2024, revenue guidance has been raised to $1.56 billion to $1.58 billion.

• Adjusted EPS guidance for the fiscal year 2024 is projected to be between $4.80 and $5.

Business Progress:

• The company showed a total enrollment growth of 7.8%, marking the third consecutive quarter of growth.

• Chamberlain University and Walden University were notable performers, with Walden witnessing the strongest new enrollment growth in its history.

• The company is making strategic investments in marketing, technology, and student support services to enhance its leading market position.

• Adtalem expects margin expansion in upcoming quarters, with an EBITDA level of 24% anticipated for the full year and further expansion expected in fiscal years 2025 and 2026.

• With strong enrollment trends at Chamberlain and Walden, the company anticipates continued growth into the next fiscal year.

More details: Adtalem Global Education IR

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