Sector: N/A | Industry: N/A |
See Regulatory Filings on SEC |
Company Contact | |
Address: | Pmb 1158, 1000 Brickell Ave., Suite 715 MIAMI FL 33131 |
Tel: | N/A |
Website: | https://www.laureate.net |
IR: | See website |
Key People | ||
Eilif Serck-Hanssen President, Chief Executive Officer, Director | Andrew B. Cohen Independent Vice Chairman of the Board | Richard M. Buskirk Chief Financial Officer, Senior Vice President |
Marcelo Barbalho Cardoso Chief Operating Officer, Executive Vice President, Chief Executive Officer, Mexico | Leslie S. Brush Senior Vice President, Chief Legal Officer, Company Secretary | Richard Harvey Sinkfield Chief Legal Officer, Chief Ethics and Compliance Officer |
Business Overview |
Laureate Education, Inc. operates a portfolio of degree-granting higher education institutions (Laureate International Universities network) in Mexico and Peru. Laureate International Universities network offers a range of undergraduate and graduate degrees through campus-based, online and hybrid programs. It has approximately 450,000 students enrolled at five institutions with over 50 campuses. It has two segments: Mexico and Peru. It owns Universidad del Valle de Mexico (UVM) and Universidad Tecnologica de Mexico (UNITEC) in Mexico. It also owns Universidad Peruana de Ciencias Aplicadas (UPC), Universidad Privada del Norte (UPN) and CIBERTEC institution in Peru. Its institutions in Mexico and Peru offer traditional higher education students a private education alternative, with multiple brands and price points in each market and program. The Company offers various programs, including medicine and health sciences, engineering and information technology, and business and management. |
Financial Overview |
For the fiscal year ended 31 December 2023, Laureate Education Inc revenues increased 19% to $1.48B. Net income before extraordinary items increased 91% to $117.4M. Revenues reflect Mexico segment increase of 31% to $1.53B, Peru segment increase of 13% to $811.4M, Mexico segment increase of 27% to $782M, Peru segment increase of 12% to $701.4M. Net income benefited from General and administrative expenses decrease of 19% to $52.6M |
Employees: | 28,900 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $2,361M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,484M as of Dec 31, 2023 |
EBITDA (TTM): | $411.51M as of Dec 31, 2023 |
Net annual income (TTM): | $117.35M as of Dec 31, 2023 |
Free cash flow (TTM): | $81.36M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $75.68M as of Dec 31, 2023 |
Shares outstanding: | 157,589,706 as of Jan 31, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |