The following is a summary of the Laureate Education Inc. (LAUR) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Q2 revenue was $499 million, with adjusted EBITDA at $187 million.

• Total enrollments expected to remain in the range of 467,000 to 473,000 students, reflecting growth of 4% to 5% year over year.

• Laureate repurchased approximately $72 million of its common stock during the first six months of the year.

Business Progress:

• Solid operating performance for Q2 and on track to deliver 2024 commitments.

• Continued focus on returning capital to shareholders with significant share repurchases.

• Favorable growth in enrollments, especially in Mexico, driven by various sector-specific factors and positive market dynamics.

Opportunities:

• Expected macroeconomic recovery in Peru anticipated to benefit from increased enrollments and normalized growth rates by 2025.

• Strategic focus on expanding academic excellence and innovation, including program expansions and digital offerings.

• Positive market dynamics in Mexico and Peru, supported by the expansion of the middle class and higher education participation rates.

Risks:

• Anticipated foreign exchange volatility during the Mexican presidential transition.

• Enhanced discounts and scholarships during economic recovery in Peru led to a decrease in adjusted EBITDA.

• Dependency on enrollment growth and macroeconomic stability in both key markets.

More details: Laureate Education IR

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