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National American University Holdings, Inc. Reports Fiscal 2013 First Quarter Results

National American University Holdings, Inc. Reports Fiscal 2013 First Quarter Results

National American University Holdings,Inc.公佈2013財年第一季度業績
cnbc ·  2019/12/01 02:39

Company to host conference call on October 4, 2012, at 11:00 a.m. EDT

公司將於2012年10月4日上午11:00主持電話會議EDT

Financial and Operational Highlights

財務和運營亮點

* Enrollment by headcount increased 10.2% over the same period last year to 10,350 students as of August 31, 2012.

*截至2012年8月31日,按人數計算的招生人數比去年同期增長10.2%,達到10,350名學生。

* FY 2013 first quarter total revenue increased 16.0% to $29.5 million from $25.4 million in the prior-year period with the Company’s academic segment’s revenue increasing 16.1% to $29.2 million, compared to $25.1 million in the FY 2012 first quarter.

*2013財年第一季度總收入從上年同期的2540萬美元增長16.0%,達到2950萬美元,公司學術部門的收入增長16.1%,達到2920萬美元,而2012年第一季度為2510萬美元。

* The Company reported a FY 2013 first quarter net loss attributable to the Company of $0.2 million, compared to net income attributable to the Company of $1.0 million in the prior-year period, primarily due to selling, general, and administrative (SG&A) expenses incurred for additional expenses related to ramping up operations at NAU’s new physical locations and increased expenses incurred for insurance claims; FY 2013 first quarter EBITDA was $1.4 million, compared to $2.7 million in the prior-year period.

*公司報告2013財年第一季度可歸因於公司的淨虧損為20萬美元,而上一年公司的淨收益為100萬美元,主要是由於與擴大NAU新實體地點的運營相關的額外支出以及保險索賠費用的增加而產生的銷售、一般和行政(SG&A)支出;2013財年第一季度EBITDA為140萬美元,而上一年同期為270萬美元。

* The Board of Directors declared a cash dividend in the amount of $0.04 per share on all shares of the Company’s common stock outstanding and of record as of the close of business on September 30, 2012, which is to be paid on or about October 5, 2012.

*董事會宣佈,截至2012年9月30日收盤,公司已發行和登記在冊的所有普通股的現金股息為每股0.04美元,將於2012年10月5日左右支付。

* Balance sheet at August 31, 2012, included cash and cash equivalents and investments of $27.8 million; working capital of $21.8 million; no short-term borrowings or long-term debt; and stockholders’ equity of $49.6 million.

*截至2012年8月31日的資產負債表包括2780萬美元的現金和現金等價物和投資;2180萬美元的營運資本;沒有短期借款或長期債務;以及4960萬美元的股東權益。

RAPID CITY, S.D.--(BUSINESS WIRE)-- National American University Holdings, Inc. (the “Company”) (NASDAQ: NAUH), which through its wholly owned subsidiary operates National American University (“ NAU ”), a regionally accredited, proprietary, multi-campus institution of higher learning, today reported unaudited financial results for its FY 2013 first quarter ended August 31, 2012.

南達科他州拉皮德城--(商業連線)--美國國立大學控股公司(以下簡稱“公司”)(納斯達克市場代碼:NAUH),該公司通過其全資子公司運營美國國立大學 (“NAU)今天公佈了截至2012年8月31日的2013財年第一季度未經審計的財務業績。

Ronald L. Shape, Ed.D., Chief Executive Officer of the Company, commented, “We were pleased to achieve double-digit growth in enrollment and revenue in the summer 2012 term, which tends to be a seasonally weaker period. Despite the continued difficult climate in our industry, NAU’s enrollment increased 10.2% from the same period last year to 10,350 students. We continue to focus on our strategic goals for fiscal 2013, transitioning from geographic expansion to growing enrollment at our current locations, reducing expenditures to build efficiencies, and achieving greater economies of scale. We anticipate we will continue to see improvement over the next several quarters as the newer locations contribute to the Company’s top line growth.”

該公司首席執行官Ronald L.Shape Ed.D.評論説:“我們很高興2012年夏季學期的招生人數和收入實現了兩位數的增長,這段時間往往是季節性較弱的時期。儘管我們行業的環境持續困難,NAU的招生人數比去年同期增加了10.2%,達到10350人。我們將繼續專注於2013財年的戰略目標,從地理擴張過渡到當前地點不斷增加的招生人數,減少開支以提高效率,並實現更大的規模經濟。我們預計未來幾個季度我們將繼續看到改善,因為較新的地點對公司的收入增長做出了貢獻。“

Operating Review

運營回顧

NAU currently owns one property and leases 37 physical properties in the states of Colorado, Indiana, Kansas, Minnesota, Missouri, Nebraska, New Mexico, Oklahoma, Oregon, South Dakota and Texas. Several sites operate as hybrid learning centers in strategic geographic locations. These centers utilize small physical facilities through which the university provides face-to-face support services as students participate in select, traditional classroom courses while completing their remaining coursework online.

NAU目前在印第安納州科羅拉多州擁有一處房產,租賃了37處實物房產,堪薩斯州、明尼蘇達州、密蘇里州、內布拉斯加州、新墨西哥州、俄克拉何馬州、俄勒岡州、南達科他州和德克薩斯州。有幾個網站在戰略地理位置作為混合學習中心運營。這些中心利用小型物理設施,大學通過這些設施提供面對面的支持服務,讓學生參與精選的傳統課堂課程,同時在線完成剩餘的課程作業。

Of the Company’s 37 campuses, the following sites are pending regulatory approvals:

在該公司的37個校區中,以下校區正在等待監管部門的批准:

Tigard, ORIndianapolis, INRoueche Graduate Center in Austin, TXHouston, TX

德克薩斯州休斯頓奧斯汀的INRoueche研究生中心

10.2% Enrollment Increase

招生人數增加10.2%

Total NAU student enrollment for the summer term of 2012 increased 10.2% to 10,350 students, up from 9,390 in the last summer term. Students enrolled in 89,363 credit hours compared to 81,175 credit hours in the summer term of last year. The current average age of NAU’s students is in the mid-30s, with those seeking undergraduate degrees remaining the highest portion of NAU’s student population.

北卡羅來納大學2012年夏季學期的總招生人數增加了10.2%,達到10350人,高於上個暑期的9390人。學生註冊的學時為89363學時,而去年夏季學期為81175學時。目前,南澳大學學生的平均年齡在35歲左右,而攻讀本科學位的學生仍然是該校學生中比例最高的。

The following is a summary of student enrollment at August 31, 2012, and August 31, 2011, by degree type and by instructional delivery method:

以下是2012年8月31日和2011年8月31日的學生註冊摘要,按學位類型和教學交付方式劃分:

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Financial Review

財務評論

The Company, through its wholly owned subsidiary, operates in two business segments: the academic segment, which consists of NAU’s undergraduate and graduate education programs and contributes the primary portion of the Company’s revenue; and ownership in multiple apartments and condominium complexes from which it derives sales and rental income. The real estate operations generated approximately 1% of revenues for the quarter ended August 31, 2012.

該公司通過其全資子公司經營兩個業務部門:學術部門,包括NAU的本科生和研究生教育項目,是公司收入的主要來源;以及擁有多套公寓和公寓,從中獲得銷售和租金收入。在截至2012年8月31日的季度裏,房地產業務創造了大約1%的收入。

Fiscal 2013 First Quarter Financial Results

2013財年第一季度財務業績

Total revenues for the FY 2013 first quarter increased 16.0% to $29.5 million from $25.4 million for the same period last year. As a result of NAU’s enrollment growth, the academic segment’s total revenue increased 16.1% to $29.2 million from $25.1 million for the prior-year period.For the FY 2013 first quarter, educational services expense was $7.1 million, or 24.5% of the academic segment’s total revenue, compared to $6.4 million, or 25.3%, for the FY 2012 first quarter.During the FY 2013 first quarter, SG&A expenses were $20.4 million, or 69.3% of total revenues, compared to $16.8 million, or 66.1%, in the prior-year period. The increase was primarily due to additional costs related to ramping up operations at NAU’s new physical locations, including $1.4 million for 83 new staff members to provide the support services necessary for NAU’s growing student population, as well as $0.4 million in increased expenses for health-related insurance claims. The Company also incurred additional expenses to sustain ongoing operations that provide the support and services necessary for the growing student population.The Company reported a loss before income taxes and non-controlling interest for the FY 2013 first quarter of $0.2 million, compared to income before income taxes and non-controlling interest of $1.8 million for the same period last year. The loss was primarily due to the higher SG&A expenses described above.Net loss attributable to the Company for the FY 2013 first quarter was $0.2 million, or $0.01 per diluted share based on 25.6 million shares outstanding, compared to net income attributable to the Company of $1.0 million, or $0.04 per diluted share based on 27.1 million shares outstanding, in the prior-year period.EBITDA for the FY 2013 first quarter was $1.4 million, compared to $2.7 million in the prior-year period. A table reconciling EBITDA to net income can be found at the end of this release.

2013財年第一季度總收入從去年同期的2,540萬美元增長16.0%,至2,950萬美元。由於NAU的招生人數增加,學術部門的總收入從上一年的2510萬美元增長了16.1%,達到2920萬美元。2013財年第一季度,教育服務支出為710萬美元,佔學術部門總收入的24.5%,而2012財年第一季度為640萬美元,佔總收入的25.3%。2013財年第一季度,SG&A費用為2040萬美元,佔總收入的69.3%去年同期為66.1%。費用增加的主要原因是與增加在北大區新地點運作有關的額外費用,包括為83名新職員提供所需支援服務以應付北大區不斷增加的學生人數所需的140萬元,以及與健康有關的保險索償開支增加40萬元。該公司還發生了額外費用,以維持持續運營,為不斷增長的學生人數提供必要的支持和服務。該公司報告2013財年第一季度所得税和非控股利息前虧損20萬美元,而去年同期所得税和非控股利息前收益為180萬美元。虧損主要是由於上述SG&A費用增加所致。2013財年第一季度,公司應占淨虧損為20萬美元,按流通股2,560萬股計算,每股攤薄虧損0.01美元,而上年同期公司應占淨收益為100萬美元,按流通股2,710萬股計算,每股攤薄虧損0.04美元。2013財年第一季度EBITDA為140萬美元。, 而去年同期為270萬美元。本新聞稿末尾提供了EBITDA與淨收入的對賬表格。

Educational services expense specifically relates to the academic segment, and includes salaries and benefits of faculty and academic administrators, costs of educational supplies, facility costs, faculty reference and support material and related academic costs.

教育服務費用具體涉及學術部分,包括教師和學術管理人員的工資和福利、教育用品成本、設施成本、教師參考和支持材料以及相關的學術成本。

Balance Sheet Highlights

資產負債表亮點

(in millions except for percentages)

(除百分比外,以百萬為單位)

8/31/2012

8/31/2012

5/31/2012

5/31/2012

% Change

%變化

Quarterly Dividend

季度股息

On August 27, 2012, the Board of Directors declared a cash dividend in the amount of $0.04 per share on all shares of the Company’s common stock outstanding and of record as of the close of business on September 30, 2012, to be paid on or about October 5, 2012. This quarterly $0.04 dividend represents a 23% increase over the previous quarter’s $0.0325 dividend.

2012年8月27日,董事會宣佈向2012年9月30日收盤時登記在冊的所有已發行普通股派發現金股息,每股0.04美元,將於2012年10月5日左右支付。這一季度派息為0.04美元,比上一季度的0.0325美元增加了23%。

Conference Call Information

電話會議信息

Management will discuss these results in a conference call (with accompanying presentation) on October 4, 2012, at 11:00 a.m. EDT.

管理層將在2012年10月4日上午11:00召開的電話會議(附帶演示文稿)中討論這些結果。美國東部夏令時。

Accompanying Slide Presentation and Webcast

隨附的幻燈片演示文稿和網絡廣播

The Company will also have an accompanying slide presentation available in PDF format at the “Investor Relations” section of the NAU website at http://www.national.edu/InvestorRelations. The presentation will be made available 30 minutes prior to the conference call. In addition, the call will be simultaneously webcast over the Internet via the “Investor Relations” section of the NAU website or by clicking on the conference call link: http://www.investorcalendar.com/IC/CEPage.asp?ID=169773.

該公司還將在NAU網站的“投資者關係”欄目上以pdf格式提供附帶的幻燈片演示文稿,網址為http://www.national.edu/InvestorRelations.。演示文稿將在電話會議前30分鐘提供。此外,電話會議將通過NAU網站的“投資者關係”欄目或點擊電話會議鏈接在互聯網上同時進行網絡直播:http://www.investorcalendar.com/IC/CEPage.asp?ID=169773.。

About National American University Holdings, Inc.

美國國立大學控股公司簡介

National American University Holdings, Inc., through its wholly owned subsidiary, operates National American University (“NAU”), a regionally accredited, proprietary, multi-campus institution of higher learning offering associate, bachelor’s, and master’s degree programs in health care and business-related disciplines. Accredited by The Higher Learning Commission and a member of the North Central Association of Colleges and Schools, NAU has been providing technical and professional career education since 1941. NAU opened its first campus in Rapid City, South Dakota, and has since grown to multiple locations throughout the central United States. In 1998, NAU began offering online courses. Today, NAU offers degree programs in traditional, online, and hybrid formats, which provide students increased flexibility to take courses at times and places convenient to their busy lifestyles.

美國國立大學控股公司通過其全資子公司經營着美國國立大學(“NAU”),這是一所地區認可的、專有的、多校區的高等教育機構,提供醫療保健和商務相關學科的副學士和碩士學位課程。NAU獲得了高等教育委員會的認可,也是北方中央學院和學校協會的成員,自1941年以來一直提供技術和職業生涯教育。NAU在南達科他州的拉皮德城開設了第一個分校,自那以後已經發展到美國中部的多個地點。1998年,NAU開始提供在線課程。今天,NAU提供傳統、在線和混合形式的學位課程,為學生提供了更大的靈活性,可以在適合他們繁忙生活方式的時間和地點學習課程。

Forward Looking Statements

前瞻性陳述

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the Company's business. Statements made in this release, other than those concerning historical financial information, may be considered forward-looking statements, which speak only as of the date of this release and are based on current beliefs and expectations and involve a number of assumptions. These forward-looking statements include outlooks or expectations for earnings, revenues, expenses or other future financial or business performance, strategies or expectations, or the impact of legal or regulatory matters on business, results of operations or financial condition. Specifically, forward-looking statements may include statements relating to the future financial performance of the Company; the ability to continue to receive Title IV funds; the growth of the market for the Company’s services; expansion plans and opportunities; consolidation in the market for the Company’s services generally; and other statements preceded by, followed by or that include the words “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “target” or similar expressions. These forward-looking statements involve a number of known and unknown risks and uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by those forward-looking statements. Other factors that could cause the Company’s results to differ materially from those contained in its forward-looking statements are included under, among others, the heading “Risk Factors” in the Company’s Annual Report on Form 10-K, filed on August 3, 2012, and in its other filings with the Securities and Exchange Commission. The Company assumes no obligation to update the information contained in this release.

本新聞稿可能包含1995年“私人證券訴訟改革法”中有關該公司業務的前瞻性陳述。除與歷史財務信息有關的陳述外,本新聞稿中所作的陳述可能被視為前瞻性陳述,這些陳述僅在本新聞稿發佈之日發表,基於當前的信念和預期,涉及許多假設。這些前瞻性陳述包括對收益、收入、支出或其他未來財務或業務業績、戰略或預期的展望或預期,或法律或監管事項對業務、經營結果或財務狀況的影響。具體地説,前瞻性陳述可能包括與公司未來財務業績有關的陳述;能力繼續獲得第四章資金;公司服務市場的增長;擴展計劃和機會;公司服務市場的總體整合;以及在其他聲明之前、之後或包括“估計”、“計劃”、“項目”、“預測”、“打算”、“預期”、“預期”、“相信”、“尋求”等詞語的其他陳述目標“或類似的表達方式。這些前瞻性陳述涉及許多已知和未知的風險、不確定性或其他假設,這些風險和不確定性或其他假設可能導致實際結果或表現與那些前瞻性陳述中明示或暗示的大不相同。可能導致公司業績與前瞻性陳述中包含的結果大不相同的其他因素包括在公司2012年8月3日提交給證券交易委員會的10-K表格年度報告和其他文件中的“風險因素”標題下。本公司沒有義務更新本新聞稿中包含的信息。

Unrealized losses on investments, before tax

税前投資未實現虧損

COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO NATIONAL AMERICAN UNIVERSITY HOLDINGS, INC.

國家美國大學控股公司的全面收益(虧損)

NATIONAL AMERICAN UNIVERSITY HOLDINGS, INC. AND SUBSIDIARIES

美國國立大學控股公司和子公司

Student receivables — net of allowance of $821 and $759 at August 31, 2012 and May 31, 2012, respectively

學生應收賬款-2012年8月31日和2012年5月31日的淨額分別為821美元和759美元

Course development — net of accumulated amortization of $1,799 and $1,715 at August 31, 2012 and May 31, 2012, respectively

課程開發-截至2012年8月31日和2012年5月31日的累計攤銷淨額分別為1,799美元和1,715美元

The following table provides a reconciliation of net income attributable to the Company to EBITDA:

下表提供了可歸因於該公司的淨收入與EBITDA的對賬:

Three Months Ended

截至三個月

August 31,

8月31日,

Consists of income attributable to the Company, less income from non-controlling interest, plus loss from non-controlling interest, minus interest income, plus interest expense (which is not related to any debt but to the accounting required for the capital lease), plus income taxes, plus depreciation and amortization. The Company uses EBITDA as a measure of operating performance. However, EBITDA is not a recognized measurement under U.S. generally accepted accounting principles, or GAAP, and when analyzing its operating performance, investors should use EBITDA in addition to, and not as an alternative for, income as determined in accordance with GAAP. Because not all companies use identical calculations, its presentation of EBITDA may not be comparable to similarly titled measures of other companies and is therefore limited as a comparative measure. Furthermore, as an analytical tool, EBITDA has additional limitations, including that (a) it is not intended to be a measure of free cash flow, as it does not consider certain cash requirements such as tax payments; (b) it does not reflect changes in, or cash requirements for, its working capital needs; and (c) although depreciation and amortization are non-cash charges, the assets being depreciated and amortized often will have to be replaced in the future, and EBITDA does not reflect any cash requirements for such replacements, or future requirements for capital expenditures or contractual commitments. To compensate for these limitations, the Company evaluates its profitability by considering the economic effect of the excluded expense items independently as well as in connection with its analysis of cash flows from operations and through the use of other financial measures.

包括公司應占收入,減去非控股利息收入,加上非控股利息損失,減去利息收入,加上利息費用(這與任何債務無關,但與資本租賃所需的會計有關),加上所得税,加上折舊和攤銷。該公司使用EBITDA作為衡量經營業績的指標。然而,根據美國公認會計原則(GAAP),EBITDA不是公認的衡量標準,在分析其經營業績時,投資者應該在根據GAAP確定的收入之外使用EBITDA,而不是將其作為替代。由於並非所有公司都使用相同的計算方法,其EBITDA的列報可能無法與其他公司的同名指標相比較,因此僅限於作為一種比較指標。此外,作為一種分析工具,EBITDA還有其他侷限性,包括:(A)EBITDA不打算用來衡量自由現金流,因為它沒有考慮某些現金需求,如納税;(B)它沒有反映營運資金需求的變化或現金需求;(C)雖然折舊和攤銷是非現金費用,但正在折舊和攤銷的資產將來往往必須更換,EBITDA沒有反映這種替換的任何現金需求,或未來的需求。為了彌補這些限制,公司通過獨立考慮被排除的費用項目的經濟影響,以及結合其對運營現金流的分析和使用其他財務措施來評估其盈利能力。

The Company believes EBITDA is useful to an investor in evaluating its operating performance because it is widely used to measure a company’s operating performance without regard to certain non-cash expenses (such as depreciation and amortization) and expenses that are not reflective of its core operating results over time. The Company believes EBITDA presents a meaningful measure of corporate performance exclusive of its capital structure, the method by which assets were acquired and non-cash charges, and provides us with additional useful information to measure its performance on a consistent basis, particularly with respect to changes in performance from period to period.

該公司認為,EBITDA對投資者評估其經營業績是有用的,因為它被廣泛用於衡量一家公司的經營業績,而不考慮某些非現金支出(如折舊和攤銷)以及不能反映其長期核心經營業績的支出。該公司認為,EBITDA是除資本結構、收購資產的方法和非現金費用之外的一種有意義的公司業績衡量標準,併為我們提供了更多有用的信息,以便在一致的基礎上衡量其業績,特別是在業績的各個時期的變化方面。

National American University Holdings, Inc.

美國國立大學控股公司

Dr. Ronald Shape, 605-721-5220

Ronald Shape博士,電話:605-721-5220

rshape@national.edu

郵箱:rShape@National al.edu

or

Investor Relations Counsel

投資者關係顧問

The Equity Group Inc.

The Equity Group Inc.

Carolyne Yu, 212-836-9610

Carolyne Yu,212-836-9610

cyu@equityny.com

郵箱:cyu@equityny.com

or

Adam Prior, 212-836-9606

亞當·普賴爾(Adam Prior),212-836-9606

aprior@equityny.com

郵箱:aprior@equityny.com

Source: National American University Holdings, Inc.

資料來源:美國國立大學控股公司(National American University Holdings,Inc.)

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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